TradingView Trick:
Add Daily MAs to Intraday Charts
A Simple TradingView Hack for Better Market Context
A wise trader once told me: “Mark, never trust an intraday rally when price is under the 5-day SMA”
Was this indicator BS or timeless wisdom?
Turns out, it’s wisdom…especially during the recent sell-off.
When price is persistently below a 5-day Moving Average that’s telling you something meaningful…. a big reprice is underway, and trying to be smart getting long is probably a trap.
Sure, you are going to miss the exact low, but this simple filter rule will save you many paper cuts along the way.
Just look at how often intraday rallies into the 5-day SMA on the Nasdaq failed recently…
5 DAY SMA TRICK
Simple old school rules like this can save you a lot of money.
Stick to shorts when price remains weak.
If you love buying short-term exhaustion dips intraday, fine if that’s your thing, but don’t overstay your welcome. A > B trades only.
At the very least, don’t do what the crowd does: wait for strength and then pile in late (you’ll just become cannon fodder for sellers).
By the way, here’s a neat little TradingView trick to help:
If you want to see the daily moving average on your intraday chart, select your moving average indicator as usual, and at the bottom, instead of the default “chart timeframe” setting, change it to 1 day.
Instantly, you’ve got the daily MA right there on your intraday charts.
You don’t have to keep it there all day, but it’s handy to quickly toggle it on and off.
