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SMA Projection

201
What it does
Draws a linear projection of a Simple Moving Average (SMA) 20 bars into the future using the SMA’s recent slope. Optionally shows a tiny momentum flag (just a number) positioned 0.75× ATR below the SMA on the last bar. No future data is read; everything updates on the current bar only.

How it works

SMA: Standard SMA on your chosen source and length.

Projection (fixed 20 bars): Uses a linear extrapolation from the last SMA value with slope

slope = (ma - ma[slopeLen]) / slopeLen

Momentum magnitude (optional): A signed number where >0 = up-slope, <0 = down-slope, ~0 = flat. Units are selectable: price/bar, %/bar, or ATR/bar (default). The flag is rendered small and colored teal (pos) / red (neg) / gray (flat).

Key features

Fixed 20-bar projection (no input—keeps it simple and comparable).

Tiny numeric momentum flag (off by default) placed well below the line (0.75× ATR).

Unit choices for momentum: price/bar, %/bar, ATR/bar.

Deadband option to zero-out tiny slopes.

Non-repainting projection: drawn only on the last bar; updates each candle.

Inputs (summary)

SMA length and Source

Slope lookback (for magnitude)

Show momentum flag (default: Off)

Magnitude units: price/bar, %/bar, ATR/bar (default)

Deadband and Decimals for display control

Tips

For smoother projections, increase slope lookback; for responsiveness, decrease it.

Use ATR/bar or %/bar if you want momentum values that are more comparable across symbols and timeframes.

The projection is indicative, not predictive—combine with structure, volume, and risk management.

Notes & limits

The “future” line is just a linear extrapolation from recent behavior; regime shifts will break linearity.

The momentum flag text is intentionally minimal to avoid chart clutter.

Works on any timeframe; the projection distance is always 20 bars on that timeframe.

Tags: SMA, moving average, projection, slope, momentum, ATR, extrapolation, non-repainting, trading tools
Sürüm Notları
What it does
Draws a linear projection of a Simple Moving Average (SMA) 20 bars into the future using the SMA’s recent slope. Optionally shows a tiny momentum flag (just a number) positioned 0.75× ATR below the SMA on the last bar. No future data is read; everything updates on the current bar only.

How it works

SMA: Standard SMA on your chosen source and length.

Projection (fixed 20 bars): Uses a linear extrapolation from the last SMA value with slope

slope = (ma - ma[slopeLen]) / slopeLen

Momentum magnitude (optional): A signed number where >0 = up-slope, <0 = down-slope, ~0 = flat. Units are selectable: price/bar, %/bar, or ATR/bar (default). The flag is rendered small and colored teal (pos) / red (neg) / gray (flat).

Key features

Fixed 20-bar projection (no input—keeps it simple and comparable).

Tiny numeric momentum flag (off by default) placed well below the line (0.75× ATR).

Unit choices for momentum: price/bar, %/bar, ATR/bar.

Deadband option to zero-out tiny slopes.

Non-repainting projection: drawn only on the last bar; updates each candle.

Inputs (summary)

SMA length and Source

Slope lookback (for magnitude)

Show momentum flag (default: Off)

Magnitude units: price/bar, %/bar, ATR/bar (default)

Deadband and Decimals for display control

Tips

For smoother projections, increase slope lookback; for responsiveness, decrease it.

Use ATR/bar or %/bar if you want momentum values that are more comparable across symbols and timeframes.

The projection is indicative, not predictive—combine with structure, volume, and risk management.

Notes & limits

The “future” line is just a linear extrapolation from recent behavior; regime shifts will break linearity.

The momentum flag text is intentionally minimal to avoid chart clutter.

Works on any timeframe; the projection distance is always 20 bars on that timeframe.

Tags: SMA, moving average, projection, slope, momentum, ATR, extrapolation, non-repainting, trading tools
Sürüm Notları
Updated momentum flag

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.