Custom Multiple SMAs (Trend Structure Visualizer)

This indicator displays 16 consecutive Simple Moving Averages (SMAs), from SMA 8 to SMA 23, plotted simultaneously on the chart. Together, they form a color-coded SMA fan that allows you to clearly visualize the current market structure.

What you can observe in the chart:
– When the lines are flat and tightly clustered, the market is likely consolidating or moving sideways
– When the lines fan out and expand, a trend or directional momentum is building
– When the lines start converging or crossing again, it may indicate a trend pause or potential reversal

A 100-period EMA (yellow line) serves as a basic trend filter:
– Price above the EMA suggests an long-biased market
– Price below the EMA suggests a short-biased market

What makes this tool unique:
Unlike traditional single-SMA indicators, this tool also highlights phases when it's better to stay out of the market – such as during flat, unstructured sideways conditions.
Transitions from low activity to trending phases become clearly and early visible, without relying on additional signals or indicator noise.

The indicator works across all markets and timeframes and remains visually stable even during fast market movements. It is a visual decision-making tool and does not generate automatic signals or alerts.