OPEN-SOURCE SCRIPT

3SMA (1H only) by tophengzky

83
This script plots three Simple Moving Averages (SMA 10, 20, 50), but they are only visible when the chart timeframe is set to 1 hour (1H).
It helps traders focus on higher timeframe trend direction without cluttering charts on other timeframes.

SMA1 = 10 (white)

SMA2 = 20 (yellow)

SMA3 = 200 (red)

Works only on 1H timeframe

Useful for swing traders and intraday traders who rely on hourly trend confirmation.

why 1 hr only? the only purpose of this is just to know the bias of the market weather it will reverse or it will continue the trend. As long as the price action did not cross this 3 SMA's the trend will continue.
as a trend trader it is very useful this strategy.. make it simple!

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.