Weekly Moving Averages (MAs) to Intraday ChartThis indicator overlays key weekly timeframe moving averages onto your intraday chart, allowing you to visualize important long-term support and resistance levels while trading shorter timeframes. The indicator includes:
330-period Simple Moving Average (white): Ultra long-term trend indicator
200-period Simple Moving Average (fuchsia): Major long-term trend indicator often watched by institutional traders
100-period Simple Moving Average (purple): Medium-to-long term trend indicator
50-period Exponential Moving Average (blue): Medium-term trend indicator, more responsive to recent price action
21-period Exponential Moving Average (teal): Short-to-medium term trend indicator
9-period Exponential Moving Average (aqua): Short-term trend indicator, highly responsive to recent price movements
This multi-timeframe approach helps identify significant support/resistance zones that might not be visible on your current timeframe. When price interacts with these weekly moving averages during intraday trading, it often signals important areas where institutional orders may be placed.
The indicator uses color-coding with increasing line thickness to help you quickly distinguish between different moving averages. Consider areas where multiple MAs cluster together as particularly strong support/resistance zones.
Perfect for day traders and swing traders who want to maintain awareness of the bigger picture while focusing on shorter-term price action.
