EMA Levels, Multi-Timeframe

The exponential moving average (EMA) tracks price over time, giving more importance to recent price data than simple moving average (SMA). EMAs for larger timeframes are generally considered to be stronger supports/resistances for price to move through than smaller timeframes. This indicator allows you to specify two different EMA lengths that you want to track. Additionally, this indicator allows you to display not just the EMA levels of your currently viewed timeframe on the chart, but also shows the EMA levels of up to 4 different timeframes on the same chart. This allows you to quickly see if multiple EMA levels are aligning across different timeframes, which is an even stronger indication that price is going to meet support or resistance when it meets those levels on the chart. There are a lot of nice configuration options, like:

Ability to customize the EMA lengths you want to track
Style customization (color, thickness, size)
Hide any timeframes/levels you aren't interested in
Labels on the chart so you can tell which plots are the EMA levels
Optionally display the plot as a horizontal line if all you care about is the EMA level right now

Note di rilascio

Modified script to optionally switch to simple moving averages instead of exponential moving averages. Changed all associated labels, etc.

Note di rilascio

Overhaul of entire indicator that brings it up to date with the following improvements:

Fixed bug that caused lower timeframe MAs to calculate incorrectly when on the daily timeframe and above
Improved performance (fewer request.security calls)
Updated to use our standardized libraries
Improved configuration & appearance

Note di rilascio

Code cleanup

Note di rilascio

A couple of minor improvements:

Added smoother lines for higher timeframe plots with "Gaps" option.
Added option to hide lower timeframe plots when on higher timeframe charts.

Note di rilascio

Bugfix: SMA levels were not calculating correctly.

jmosullivan

I release TradingView indicators and libraries designed to make you a better trader. For detailed info about them, head over to improve.trading

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Script open-source

In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

jmosullivan

I release TradingView indicators and libraries designed to make you a better trader. For detailed info about them, head over to improve.trading

Anche su:

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.