Multi SMA Indicator

📊 Multi SMA Indicator - Description
This Pine Script v5 indicator is a comprehensive technical analysis system that combines multiple essential components for stock trading on Bursa Malaysia (LONG-only strategies).
✨ Key Features:
1. Multiple Simple Moving Averages (SMA)
• SMA 7 (Red) - Very short-term trend
• SMA 20 (Blue) - Short-term trend
• SMA 50 (Black) - Medium-term trend
• SMA 200 (Magenta) - Long-term trend
• All SMAs can be individually shown/hidden
2. 52-Week High/Low (Bursa Malaysia Standard)
• Uses 252 trading days
• 52W High (Green) - Yearly resistance level
• 52W Low (Red) - Yearly support level
• Detects breakouts at these critical levels
3. Bollinger Bands
• BB Length: 20 (customizable)
• Standard Deviation: 2.0
• Special candlestick coloring:
◦ Yellow: Price open & close below Lower BB (strong oversold signal)
◦ Purple: Price below Lower BB
4. Breakout Detection
• Detects breakouts with volume confirmation
• Breakout period: 20 bars (customizable)
• Volume Multiplier: 1.5x above MA20
• Candlestick coloring:
◦ Aqua 🌊: 52-week high breakout
◦ Orange 🍊: 52-week low breakdown
◦ Lime 🟢: Bullish breakout
◦ Magenta 🟣: Bearish breakout
5. Jerun Trend Signals (Trend Confirmation)
• 🦈 Jerun Buy (Aqua): Uptrend confirmation
◦ SMA7 > SMA20 > SMA50 (alignment)
◦ Price above SMA7
◦ Bullish candle with consecutive rises
• 🔥 Jerun Sell (Orange): Downtrend warning
◦ SMA7 < SMA20 < SMA50 (downtrend alignment)
◦ Price below SMA7
◦ Bearish candle with consecutive declines
6. Strong Momentum Detection
• 🚀 Signal: Strong momentum with criteria:
◦ Candle size > 1.5x ATR(14)
◦ Price increase ≥ 3% (threshold customizable)
◦ Volume spike (1.5x above MA20)
◦ Price above SMA7
7. Golden Cross & Death Cross
• 🐃 Golden Cross (Lime): Bullish signal
◦ SMA50 crosses above SMA200 (most powerful)
◦ SMA20 crosses above SMA50
• 🐻 Death Cross (Red): Bearish warning
◦ SMA50 crosses below SMA200
◦ SMA20 crosses below SMA50
📍 Visual Components:
1. Moving Average Lines - 4 SMA lines with distinct colors
2. 52W High/Low Lines - Stepline style for yearly levels
3. Bollinger Bands - 3 lines (upper, middle, lower)
4. Candlestick Colors - Dynamic coloring based on conditions
5. Signal Emojis - 🚀🦈🔥🐃🐻 for quick visual reference
6. Price Labels - Current value labels on the right side of chart
🎯 Usage:
• LONG Only: Focus on buy signals (Bursa Malaysia restriction)
• Entry Signals: Jerun Buy 🦈, Strong Momentum 🚀, Golden Cross 🐃
• Confirmation: Volume spike + Breakout + SMA alignment
• Risk Warning: Jerun Sell 🔥, Death Cross 🐻
• Oversold Opportunity: Yellow/purple candlesticks (price below BB Lower)
⚙️ Customizable Settings:
All parameters can be modified through indicator settings:
• SMA periods
• Breakout length
• Volume multiplier
• Momentum threshold
• Bollinger Bands parameters
• Toggle display for each feature
This indicator is suitable for traders who want a complete system with multiple confirmation signals for entry and risk management. 🚀📈