Smart Moving Averages

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Smart Moving Averages analyzes the dynamic interplay between price action and multiple moving averages to identify high-probability support and resistance zones.

The script's distinguishing features include:

• Bounce detection that filters out noise by requiring specific penetration thresholds (0.1-1.5%), helping traders identify genuine support tests versus false signals
  
• Real-time MA clustering analysis that reveals zones where multiple moving averages converge, indicating potentially stronger support/resistance levels
  
• Statistical tracking of bounce success rates for each MA, allowing traders to identify which moving averages are most reliable for the current market conditions
  
• Power bounce detection that combines EMA spread analysis with trend confirmation, highlighting especially strong bullish setups
  
• Visual stack status system that instantly communicates market health through an intuitive color-coded display showing how many MAs are below price
  

The script helps traders make more informed decisions by quantifying the historical reliability of different moving averages while providing real-time analysis of MA interactions with price. This systematic approach moves beyond simple MA crossovers to identify higher probability trading opportunities.

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Phát hành các Ghi chú

Cluster transparency changes depending on the number of MAs in the cluster.

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Phát hành các Ghi chú

cosmetics

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Phát hành các Ghi chú

Why is this indicator useful and unique?

• You won't need to add multiple moving averages to your chart and will be monitoring support on many moving averages at once. It also checks for clustering and adds a visual representation of them. Cluster of MAs equals stronger support, seen as a green area below price.
  
• It uses historical data to calculate the probability that a given moving average will support price
  
• It allows users to be notified on moving average bounces, which may be powerful entries
  

The video below describes it:

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Phát hành các Ghi chú

• 100SMA -> 150SMA (more useful)
  
• tooltip on status now contains distances to MAs
  

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Phát hành các Ghi chú

Fixed bug in the status indicator.