Calculates and plots moving averages on selected VIX volatility terms (VIX9D, VIX, VIX3M, or VIX6M) in a separate pane. The script computes user-defined short and long moving averages using EMA or SMA. It shades the background red when the short-term moving av
Indicator · Pine Script v4 · Own pane
SMA Dynamic
This indicator plots two weighted moving averages in a separate pane to track price trends with volatility-based adaptation.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code24
Settings5inputs
LicenceNone statedfile: MPL-2.0
Last update1 year ago7 Nov 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
24 lines of Pine Script v4 from scripts/089-SMA-Dynamic.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © capissimo
//@version=4
study("SMA Dynamic", '', false)
// Inputs
price = input(close, 'Data source')
minlen = input(1, 'Minimum length', minval=1)
maxlen = input(2, 'Maximum length', minval=1)
adapt_pct = input(100., 'Adaptation (%)', minval=0, maxval=100) / 100.0
p = input(5, 'Lookback for MA', minval=1)
// Calculations
dlen = avg(minlen, maxlen) // dynamic length
dlen := atr(10) > atr(40) ? max(minlen, dlen * (1 - adapt_pct)) : min(maxlen, dlen * (1 + adapt_pct))
d = int(dlen[0])
ma1 = wma(price, p)
ma2 = wma(price, d)
plot(ma1, color=color.new(color.blue,0), transp=0)
plot(ma2, color=color.new(color.orange,0), transp=0)
Overview
One moving average uses a fixed user-defined lookback period, while the second adjusts its length dynamically by comparing a 10-period ATR to a 40-period ATR. When short-term volatility exceeds long-term volatility, the dynamic length decreases toward the minimum length setting; otherwise, it expands toward the maximum length based on the adaptation percentage. There are no built-in trade signals or alerts.
- Dynamic length adjustment based on dual ATR comparison
- Dual weighted moving average calculations
- Configurable minimum and maximum length bounds
- Adjustable volatility adaptation percentage
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Data source | source | close | price |
| Minimum length | int | 1 | minlen |
| Maximum length | int | 2 | maxlen |
| Adaptation (%) | input | 100. | adapt_pct |
| Lookback for MA | int | 5 | p |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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