5-SMA Smart Pivot

Description
This indicator is designed to identify short-term trend reversals by detecting pivot points in the 5-period Simple Moving Average (SMA).

How It Works
The script monitors the 5-day SMA for specific turning points:

• Turn Down (Purple Arrow): Triggers when the SMA shifts from rising/flat to falling.
  
• Turn Up (White Arrow): Triggers when the SMA shifts from falling/flat to rising.
  

Key Features

• Smart Filter (Price Confirmation): Includes an optional "Weak Signal Filter" enabled by default. This ensures an arrow is only plotted if the price actually closes on the correct side of the SMA (e.g., Price must close below the SMA for a Down arrow). This helps reduce noise in choppy markets.
  
• Clean Settings Menu: Unlike standard scripts that clutter your "Style" tab with dozens of checkboxes, this script uses dynamic labeling. This keeps your settings menu clean while still giving you full control.
  
• Fully Customizable:
  • Arrow Size: Select from "Tiny" to "Huge" via a simple dropdown menu.
    
  • Colors: Fully adjustable colors for the SMA line, Up arrows, and Down arrows.
    

Settings

• SMA Length: Default is 5, but can be adjusted to any length.
  
• Filter Weak Signals: Toggle on/off to require price confirmation.
  
• Visual Style: Change line width, colors, and arrow sizes instantly from the Inputs tab.
  

Usage
This tool is best used for short-term momentum trading to catch immediate shifts in trend direction. It works well when combined with a longer-term trend filter (like the 20/50 SMA) to take signals only in the direction of the major trend.