Free ThinkorSwim Indicator: Advanced MA's with Trend & Pullback

Unlock Smarter Trading: Get Our FREE Advanced Moving Average Indicator for ThinkorSwim

Are you tired of manually tracking trend changes, missing golden cross opportunities, or struggling to spot high-probability pullbacks?

We’ve built a powerful, free ThinkorSwim indicator that does the heavy lifting for you combining multi-timeframe moving averages, trend direction analysis, Golden & Death Cross alerts, and smart pullback detection all in one clean, easy-to-use script.

And the best part?
👉 It’s 100% FREE. No signup. No trial. No hidden fees.

🔧 What This Free Indicator Does

Our Advanced Moving Average with Trend Signals & Pullback Detection is designed for active traders who want clarity, precision, and real-time alerts — without cluttering their charts.

✅ Key Features:

📈 How It Works: Built for Precision & Simplicity

This indicator uses a multi-layered approach to help you trade with the trend and catch pullbacks like a pro.

🔹 The 4 Moving Averages:

• Fast MA (9-period) – Green line – Short-term momentum

• Mid MA (21-period) – Blue line – Intermediate trend

• Long MA (50-period) – Orange line – Primary trend filter

• Very Long MA (200-period) – Red line – Long-term market bias

When price is above all four MAs → Bullish strength
When price is below all four MAs → Bearish dominance

🔹 Golden Cross & Death Cross Detection

• Golden Cross (Green Up Arrow + Chime): 50 EMA crosses above 200 EMA → Bullish signal

• Death Cross (Red Down Arrow + Bell): 50 EMA crosses below 200 EMA → Bearish signal

Perfect for swing traders and investors tracking major market shifts.

🔹 Smart Pullback Zones

The script automatically detects when price pulls back into the 21-period MA zone during a confirmed trend:

• ✅ Uptrend Pullback? Look for yellow up arrow near the blue MA

• ✅ Downtrend Pullback? Watch for pink down arrow

These are ideal spots to consider entries with the trend.

🔹 Dynamic Trend Label

See real-time trend status on your chart:

• 💚 Strong Uptrend – Price well above 200 MA

• 🟡 Uptrend – Healthy bullish momentum

• 🔴 Strong Downtrend – Price far below 200 MA

• ⚪ Neutral – Choppy or transitioning market

Best Time-Frame To Use This Indicator?

You should use this indicator on longer Timeframes I.E (Hour,Daily,Weekly)

🛠 How to Install (It’s Super Easy)

This ThinkScript is ready to go — just copy and paste!

Step-by-Step Installation:

1. Open ThinkorSwim platform

1. Go to Charts > Studies > Edit Studies

1. Click "Create" and name it AdvancedMA_TrendSignals

1. Paste the full ThinkScript code (provided below)

1. Click OK → Apply to chart

✅ That’s it! The indicator will auto-load with default settings.

💡 Tip: Use on daily or 1-hour charts for best results. Works on stocks, ETFs, futures, and forex.

📄 Full ThinkScript Code (Free to Use & Share)

# Advanced Moving Average with Trend Signals & Pullback Detection
# Author: NiceBreakout.Com

# ———————————————— INPUTS ————————————————

input fastLength = 9;
input midLength = 21;
input longLength = 50;
input veryLongLength = 200;

input maTypeFast = { default EMA, SMA, Hull };
input maTypeMid = { default EMA, SMA, Hull };
input maTypeLong = { default EMA, SMA };

input showMovingAverages = yes;
input showCrossLabels = yes;
input showPullbackZones = yes;
input showTrendLabel = yes;

input alertGoldenCross = yes;
input alertDeathCross = yes;
input alertPullback = yes;
input alertTrendChange = yes;

# ———————————————— SOUND INPUTS ————————————————

input soundGoldenCross = Sound.Chimes;
input soundDeathCross = Sound.Bell;
input soundPullback = Sound.Ding;
input soundTrendChange = Sound.Chimes;

# ———————————————— PRICE & MOVING AVERAGES ————————————————

def price = close;

# Fast MA (9)
def fastMA;
switch (maTypeFast) {
case EMA:
fastMA = ExpAverage(price, fastLength);
case SMA:
fastMA = Average(price, fastLength);
case Hull:
fastMA = HullMovingAvg(price, fastLength);
}

# Mid MA (21)
def midMA;
switch (maTypeMid) {
case EMA:
midMA = ExpAverage(price, midLength);
case SMA:
midMA = Average(price, midLength);
case Hull:
midMA = HullMovingAvg(price, midLength);
}

# Long MA (50)
def longMA;
switch (maTypeLong) {
case EMA:
longMA = ExpAverage(price, longLength);
case SMA:
longMA = Average(price, longLength);
}

# Very Long MA (200)
def veryLongMA = ExpAverage(price, veryLongLength);

# Plot MAs — Colors hardcoded using valid Color constants
plot pFastMA = if showMovingAverages then fastMA else Double.NaN;
pFastMA.SetDefaultColor(Color.GREEN);
pFastMA.SetLineWeight(2);
pFastMA.HideTitle();

plot pMidMA = if showMovingAverages then midMA else Double.NaN;
pMidMA.SetDefaultColor(Color.BLUE);
pMidMA.SetLineWeight(2);
pMidMA.HideTitle();

plot pLongMA = if showMovingAverages then longMA else Double.NaN;
pLongMA.SetDefaultColor(Color.ORANGE);
pLongMA.SetLineWeight(2);
pLongMA.HideTitle();

plot pVeryLongMA = if showMovingAverages then veryLongMA else Double.NaN;
pVeryLongMA.SetDefaultColor(Color.RED);
pVeryLongMA.SetLineWeight(2);
pVeryLongMA.HideTitle();

# ———————————————— GOLDEN CROSS / DEATH CROSS ————————————————

def goldenCross = Crosses(longMA, veryLongMA, CrossingDirection.ABOVE);
def deathCross = Crosses(longMA, veryLongMA, CrossingDirection.BELOW);

AddLabel(showCrossLabels and goldenCross, "🟢 GOLDEN CROSS", Color.UPTICK);
AddLabel(showCrossLabels and deathCross, "🔴 DEATH CROSS", Color.DOWNTICK);

plot gcArrow = if goldenCross then low * 0.995 else Double.NaN;
gcArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
gcArrow.SetLineWeight(3);
gcArrow.SetDefaultColor(Color.CYAN);
gcArrow.HideTitle();

plot dcArrow = if deathCross then high * 1.005 else Double.NaN;
dcArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
dcArrow.SetLineWeight(3);
dcArrow.SetDefaultColor(Color.MAGENTA);
dcArrow.HideTitle();

Alert(alertGoldenCross and goldenCross, "", Alert.BAR, soundGoldenCross);
Alert(alertDeathCross and deathCross, "", Alert.BAR, soundDeathCross);

# ———————————————— TREND DIRECTION & STRENGTH ————————————————

def longSlope = longMA - longMA[1];
def veryLongSlope = veryLongMA - veryLongMA[1];

def aboveAllMA = price > fastMA and price > midMA and price > longMA and price > veryLongMA;
def belowAllMA = price < fastMA and price < midMA and price < longMA and price < veryLongMA;

def uptrend = longMA > veryLongMA and longSlope > 0 and price > longMA;
def downtrend = longMA < veryLongMA and longSlope < 0 and price < longMA;

def trendStrength =
if uptrend and price > veryLongMA * 1.1 then 3
else if uptrend then 2
else if downtrend and price < veryLongMA * 0.9 then -3
else if downtrend then -2
else 0;

AddLabel(showTrendLabel,
"Trend: " +
if trendStrength == 3 then "Strong Uptrend"
else if trendStrength == 2 then "Uptrend"
else if trendStrength == -3 then "Strong Downtrend"
else if trendStrength == -2 then "Downtrend"
else "Neutral",
if trendStrength > 0 then Color.UPTICK
else if trendStrength < 0 then Color.DOWNTICK
else Color.GRAY
);

# Trend change alerts
def trendChangeUp = !aboveAllMA[1] and aboveAllMA;
def trendChangeDown = !belowAllMA[1] and belowAllMA;

Alert(alertTrendChange and trendChangeUp, "Price crossed above all MAs", Alert.BAR, soundTrendChange);
Alert(alertTrendChange and trendChangeDown, "Price crossed below all MAs", Alert.BAR, soundTrendChange);

# ———————————————— PULLBACK DETECTION (IMPROVED) ————————————————

# Only detect pullbacks in a confirmed trend
def inUptrend = uptrend;
def inDowntrend = downtrend;

# Tightened pullback range around 21 MA
def inPullbackUp =
inUptrend and
price >= midMA * 0.98 and
price <= midMA * 1.02 and
price < midMA[1] and
price < fastMA and
price < midMA[1]; # Confirms downward momentum into MA

def inPullbackDown =
inDowntrend and
price <= midMA * 1.02 and
price >= midMA * 0.98 and
price > midMA[1] and
price > fastMA and
price > midMA[1]; # Confirms upward momentum into MA

# Cooldown logic to prevent repeated signals
def pullbackStartUp = inPullbackUp and !inPullbackUp[1];
def pullbackStartDown = inPullbackDown and !inPullbackDown[1];

# Cooldown filters (wait until price exits zone before allowing new signal)
def noRecentUpSignal = !pullbackStartUp[1] and !pullbackStartUp[2];
def noRecentDownSignal = !pullbackStartDown[1] and !pullbackStartDown[2];

def validPullbackUp = pullbackStartUp and noRecentUpSignal;
def validPullbackDown = pullbackStartDown and noRecentDownSignal;

# Pullback Zones (persistent while in zone)
def pullbackZoneUp = if validPullbackUp then 1 else if price > midMA * 1.03 then 0 else pullbackZoneUp[1];
def pullbackZoneDown = if validPullbackDown then 1 else if price < midMA * 0.97 then 0 else pullbackZoneDown[1];

# Arrows only on confirmed, isolated pullback start
plot pullbackUpArrow = if validPullbackUp then low * 0.995 else Double.NaN;
pullbackUpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
pullbackUpArrow.SetLineWeight(2);
pullbackUpArrow.SetDefaultColor(Color.YELLOW);
pullbackUpArrow.HideTitle();

plot pullbackDownArrow = if validPullbackDown then high * 1.005 else Double.NaN;
pullbackDownArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
pullbackDownArrow.SetLineWeight(2);
pullbackDownArrow.SetDefaultColor(Color.PINK);
pullbackDownArrow.HideTitle();

# ——— ALERTS ———
Alert(alertPullback and validPullbackUp, "HIGH-QUALITY UPTREND PULLBACK", Alert.BAR, soundPullback);
Alert(alertPullback and validPullbackDown, "HIGH-QUALITY DOWNTREND PULLBACK", Alert.BAR, soundPullback);

❓ Frequently Asked Questions (FAQ)

Q: Is this indicator really free?

✅ Yes! This indicator is 100% free to download, use, and share. No email, no registration, no catch.

Q: Best Time-Frame?

We Think the best Time-Frame to use this indicator is on the Daily Time-Frame

Q: Do I need programming skills to install it?

Nope! Just copy and paste the code into ThinkorSwim’s study editor. Takes less than 2 minutes.

Q: Which markets does it work on?

This works on stocks, ETFs, — anywhere you can use ThinkorSwim charts.

Q: Can I customize the colors or alerts?

The colors are hardcoded for compatibility, but you can modify alert types, sounds, and visibility via inputs.

Q: Does it repaint or lag?

No. All signals are based on confirmed price action and moving average crossovers — no repainting.

🚀 Final Thoughts

Whether you're a beginner or a seasoned pro, this Advanced Moving Average Indicator gives you the edge you need to:

• Trade with the trend

• Catch reversals early

• Avoid false breakouts

• Stay disciplined with alerts

All for $0.

So what are you waiting for?

👉 Copy the code above, install it now, and start trading smarter today.

Tags: #ThinkorSwim #FreeIndicator #MovingAverage #GoldenCross #PullbackTrading #StockMarket #DayTrading #SwingTrading #TechnicalAnalysis #ThinkScript #TradingTools #EMA #HullMA #TrendFollowing

Disclaimer: This indicator is for educational purposes only. Not financial advice. Trading involves risk. Always test strategies in a paper trading account before going live.