This indicator plots standard Bollinger Bands and three configurable moving averages directly on the price chart. Users can toggle the Bollinger Bands, adjust their length and multiplier, and choose between exponential or simple moving averages for fast, slow,
Indicator · Pine Script v5 · On the chart
TVT Short Term (1h)
This indicator calculates and plots two moving averages, which can be configured as either exponential or simple, along with a shaded fill between them to highlight trend direction.
GitHub stars318on the repository
Pine versionv5runs as is
Lines of code27
Settings5inputs
LicenceMIT
Last update2 months ago18 Aug 2026
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
27 lines of Pine Script v5 from tv-scripts/tvt-short-term-ma.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator(title="[TVT] Short Term (1h)", shorttitle="TVT-DT", overlay=true, timeframe="", timeframe_gaps=true)
src = input(close)
exponential = input(true, title="Exponential MA")
bb_mult = input.float(defval = 2.0, minval=0.001, maxval=50, title="BB Oversold/Overbought deviation")
ma1_in = input(40,title='MA-1')
ma2_in = input(60,title='MA-2')
ma1 = exponential ? ta.ema(src, ma1_in) : ta.sma(src, ma1_in)
ma2 = exponential ? ta.ema(src, ma2_in) : ta.sma(src, ma2_in)
p_ma1 = plot(ma1, color=color.green, title="MMA1", linewidth=1)
p_ma2 = plot(ma2, color=color.red, title="MMA2", linewidth=1)
up_color = color.lime
down_color = color.maroon
fill(p_ma1, p_ma2, color=ma1 > ma2 ? color.new(up_color, transp=70) : color.new(down_color, transp=70))
// BB Expansion
bb_stdev = bb_mult * ta.stdev(src, ma1_in)
bb_upper = ma2 + bb_stdev
bb_lower = ma2 - bb_stdev
plot(bb_upper, color=color.new(color.blue, 50), title="BB Upper", linewidth=1)
plot(bb_lower, color=color.new(color.blue, 50) , title="BB Lower", linewidth=1)
Overview
TVT Short Term (1h) also derives and plots upper and lower deviation levels using a customizable standard deviation multiplier. Settings allow users to modify the source data, toggle exponential calculation, adjust the deviation multiplier, and change the periods for both moving averages. The tool draws directly on the price chart. As an indicator, it contains no explicit entry, exit, or stop loss rules.
- Dual moving average lines
- Shaded zone between moving averages
- Standard deviation bands
- Configurable source and periods
Details
Published by
namuan on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Trend, Volatility & bands
Markets
Stocks
Timeframes
M15-H1
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.
Topics
trading-strategiesmarket-analysisdtalestock-market-analysistelegram-botearnings-calendaroptions-trading
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| src | source | close | src |
| Exponential MA | bool | true | exponential |
| BB Oversold/Overbought deviation | float | 2.0 | bb_mult |
| MA-1 | int | 40 | ma1_in |
| MA-2 | int | 60 | ma2_in |
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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