Daily Simple Moving Averages For ThinkOrSwim

[jintrd]

The daily moving averages are often used to help identify trends, gauge price strength, and find potential entry and exit points:

Trend
The 50, 100, 200 averages can indicate whether a trend is up or down. For example, if a stock is trading above its daily averages and the averages are rising, the long-term trend is considered up. If a stock drops below, it could indicate resistance and a bearish shift in price.

Price strength
The daily averages can show a security's price strength. Stocks that consistently trade above their averages are considered strong stocks.

Entry and exit points
Traders can use the daily averages in combination with other indicators to help identify entry and exit points. For example, crossovers between the 200-SMA and the 50-SMA can be technically significant and may indicate a golden cross or a death cross.

Fundamental strength
The daily averages can help identify which stocks are fundamentally strong. Stocks that perform above the moving average over a period of time may be considered fundamentally healthy and more likely to keep prices high.

See post below for the ToS script.

 

[samer800]

This 5 Daily Simple Moving Average is from Trading View. I want to be able to view the 5dsma on any chart such as the 1min chart. Can someone translate/code this into thinkorswim.

study(title="Daily Simple Moving Averages", shorttitle="Daily SMAs", overlay=true)
sma1=input(50,"SMA Length", type=integer)
sma2=input(100,"#2", type=integer)
sma3=input(200,"#3", type=integer)
sa(x) => security(tickerid, "D", sma(close,x))

plot(sa(sma1), color=purple, linewidth=2)
plot(sa(sma2), color=blue, linewidth=2)
plot(sa(sma3), color=black, linewidth=2)

check this

#-- Indicator for TOS
# requst from useThinkScript.com member
#study(title="Daily Simple Moving Averages", shorttitle="Daily SMAs", overlay=true)
input smaLength1 =  50; #,"SMA Length", type=integer)
input smaLength2 = 100; #,"#2", type=integer)
input smaLength3 = 200; #,"#3", type=integer)
input aggPeriod  = AggregationPeriod.DAY;

def tf = Max(GetAggregationPeriod(), aggPeriod);
def sma1 = Average(close(Period = tf), smaLength1);
def sma2 = Average(close(Period = tf), smaLength2);
def sma3 = Average(close(Period = tf), smaLength3);

plot smaLine1 = sma1; #, color=purple, linewidth=2)
plot smaLine2 = sma2; #, color=blue, linewidth=2)
plot smaLine3 = sma3; #, color=black, linewidth=2)

smaLine1.SetDefaultColor(Color.CYAN);
smaLine2.SetDefaultColor(Color.MAGENTA);
smaLine3.SetDefaultColor(Color.RED);