SMA WAVE // SUNIL SETHI // V1.0

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This TradingView indicator visualizes the relationship between two simple moving averages (SMAs) of your choice — default 10-period and 20-period — to help traders quickly identify short-term trend shifts and momentum through color-coded wave fills and line trends.

✅ Dual SMA Calculation
Calculates two SMAs: SMA 1 (default 10) and SMA 2 (default 20).

Option to use any custom timeframe for both SMAs via the SMA Timeframe input.

🎨 Dynamic Visual Feedback
SMA lines change color based on direction:

Rising = Green (or custom)

Falling = Red (or custom)

Optional toggle to use static colors instead.

Wave area between SMA1 and SMA2 is filled with color to show crossovers and divergence.

👁️‍🗨️ Visibility Controls
Toggle visibility for:

SMA 1 line

SMA 2 line

The wave fill between SMAs

⚙️ Customization Options
Adjust:

SMA lengths

Wave fill transparency

Colors when rising or falling

Manual override colors for SMA lines

📈 How It Works

When SMA 1 > SMA 2, the wave fill shows a rising trend (e.g., green).

When SMA 1 < SMA 2, the fill switches to a falling trend (e.g., red).

The lines themselves also reflect momentum (rising/falling) based on current vs previous value unless overridden.

🧠 Use Cases

Spot short-term trend reversals or momentum shifts

Confirm entries/exits based on SMA crossovers

Visualize trend strength through color intensity and divergence

29 thg 7

Phát hành các Ghi chú

Updated version only.

29 thg 7

Phát hành các Ghi chú

Given the ability to choose between SMA & EMA
Changed default time period to 5 & 20 for smooth Wave formation.