Daily 50‑ & 200‑SMA Ceiling Radar — EnhancedDescription:
This custom TradingView indicator, developed by Trader Malik and licensed under Trades Per Minute, is a powerful visual tool for identifying how price behaves relative to major daily moving averages — the 50-SMA and 200-SMA. It helps traders quickly understand key technical dynamics such as trend alignment, MA proximity, and short-term momentum sentiment — all displayed on a clean, minimal overlay with visual alerts and an adjustable data table.
FEATURES
1. Daily 50 & 200 Simple Moving Averages (SMA):**
- Displayed directly on the chart using distinct blue and orange lines.
- These serve as primary trend filters and support/resistance zones.
2. Price Highlighting:
- A red background flashes momentarily when the price crosses either the 50-SMA or 200-SMA.
- A green background fills the chart when price is above both MAs (bullish zone).
- A red background persists if price is below both MAs (bearish zone).
3. MA Gap Analysis Table:
- 50-SMA Row**: Shows % gap between 50-SMA and 200-SMA.
- 200-SMA Row**: Shows % gap between 200-SMA and 50-SMA.
- Sentiment Row**: Displays short-term trend bias based on the slope of the past 7 daily closes — Bullish, Neutral, or Bearish.
USER SETTINGS
Table Location: Choose between **Top Right** or **Bottom Right** of the chart.
Table Size: Select **Small**, **Medium**, or **Large** to suit screen preferences and layout aesthetics.
This script is **intellectual property of Trades Per Minute** and distributed by **Trader Malik** for use under licensing terms. Redistribution or repurposing without authorization is strictly prohibited.
