Multiple Smoothed Moving Averages

Multiple Smoothed Moving Averages (SMMAs)

This indicator displays up to 5 Smoothed Moving Averages (SMMAs) on your chart, providing a comprehensive view of multiple trend timeframes simultaneously.

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WHAT IS A SMOOTHED MOVING AVERAGE?
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The Smoothed Moving Average (SMMA), also known as the Running Moving Average (RMA), is a type of moving average that provides more smoothing than a Simple Moving Average (SMA).

Unlike SMA which gives equal weight to all values in the period, SMMA uses a recursive formula that gives more weight to previous SMMA values, resulting in:
- Smoother price action with less noise
- Slower response to recent price changes
- Better identification of longer-term trends
- Reduced false signals in choppy markets

CALCULATION METHOD:
- First value: Simple Moving Average of the initial period
- Subsequent values: (Previous SMMA × (Length - 1) + Current Price) / Length

This recursive nature makes SMMA particularly effective for identifying sustained trends while filtering out short-term volatility.

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FEATURES
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✓ 5 Independent SMMAs: Each with its own configurable period length
✓ Individual Toggles: Show/hide each SMMA independently
✓ Distinct Colors: Easy visual identification of each moving average
✓ Customizable Lengths: Adjust each period to match your trading strategy
✓ Shared Source: All SMMAs calculate from the same price source (default: close)
✓ Overlay Display: Plots directly on the price chart

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DEFAULT SETTINGS
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- SMMA 1: 30 periods (Blue)
- SMMA 2: 50 periods (Orange)
- SMMA 3: 100 periods (Green)
- SMMA 4: 200 periods (Purple)
- SMMA 5: 300 periods (Red)

All SMMAs are enabled by default.

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HOW TO USE
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TREND IDENTIFICATION:
- Price above all SMMAs = Strong uptrend
- Price below all SMMAs = Strong downtrend
- Price between SMMAs = Transitional phase or consolidation

SUPPORT & RESISTANCE:
- SMMAs often act as dynamic support in uptrends
- SMMAs often act as dynamic resistance in downtrends
- Longer-period SMMAs (200, 300) provide stronger S/R levels

CROSSOVER SIGNALS:
- Faster SMMA crossing above slower SMMA = Bullish signal
- Faster SMMA crossing below slower SMMA = Bearish signal

MULTIPLE TIMEFRAME ANALYSIS:
- Short-term trends: 30, 50 periods
- Medium-term trends: 100 periods
- Long-term trends: 200, 300 periods

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CUSTOMIZATION
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INPUTS TAB:
- Adjust each SMMA length to suit your trading timeframe
- Toggle individual SMMAs on/off using checkboxes
- Change the source (close, open, high, low, hl2, hlc3, ohlc4)

STYLE TAB:
- Modify line colors for each SMMA
- Adjust line thickness and style
- Change transparency levels

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NOTES
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- This indicator uses the mathematically correct SMMA calculation with the recursive formula
- All calculations are performed on every bar to ensure data consistency
- SMMAs respond more slowly than EMAs but faster than WMAs to price changes
- Best used in combination with other technical analysis tools
- Use on any timeframe

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Perfect for traders who want a clear, multi-timeframe view of market trends using the smooth, reliable SMMA calculation method.