OPEN-SOURCE SCRIPT
[naoligo] 10x MA (H, D, W, M)
This one is based on "Generic 8x MA Plotter" indicator, by @LazyBear.
It will plot three Moving Averages based on current time interval and seven based on chosen periods by hour, day, week and month. You will be able to see where is, for example, a 50 days SMA when using a 5 minutes time interval chart. I find it very useful to analyze, in a snap, possible price ranges and enter/exit points. All reference values are from setups known and used by traders.
Cons: Use it wisely, because if you choose to plot all the 10 Moving Averages, he will consume a lot of the computer resources.
Enjoy!!
Edit: I forgot to mention that you can choose between EMA or SMA for each time interval, that are distributed in:
I've tried to keep the code as simple as possible, so you can increase that number or modify the Moving Average that each time interval will use.
Peace!
It will plot three Moving Averages based on current time interval and seven based on chosen periods by hour, day, week and month. You will be able to see where is, for example, a 50 days SMA when using a 5 minutes time interval chart. I find it very useful to analyze, in a snap, possible price ranges and enter/exit points. All reference values are from setups known and used by traders.
Cons: Use it wisely, because if you choose to plot all the 10 Moving Averages, he will consume a lot of the computer resources.
Enjoy!!
Edit: I forgot to mention that you can choose between EMA or SMA for each time interval, that are distributed in:
- 2x MA Hour;
- 2x MA Day;
- 2x MA Week;
- 1x MA Month.
I've tried to keep the code as simple as possible, so you can increase that number or modify the Moving Average that each time interval will use.
Peace!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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