OPEN-SOURCE SCRIPT
MultiMA-v5 - Multiple Moving Average indicators
Multiple Moving Average indicators (MultiMA)
This script is drawing several Moving Average (MA) indicators for different lengths and timeframes in the main chart pane.
MultiMA can be controlled as a single entity, which makes it very comfortable and space saving tool.
Each particular MA graph can be enabled or disabled and also marked with the corresponding text label.
MultiMA includes EMA (Exponential Moving Average) and SMA (Simple Moving Average).
The list of the lengths/timeframes are:
1) both EMA and SMA:
for 1 hour, 4 hours, 1 day, 1 week timeframes and
for 20, 50, 100 and 200 lengths.
(excluding EMA/SMA 200 1 hour as they overlap with EMA/SMA 50 4 hours)
2) EMA only:
1 minute 33, 84, 163 lengths,
5 minutes 50, 84, 115, 144, 163 lengths,
30 minutes 84, 163 lengths.
This script is drawing several Moving Average (MA) indicators for different lengths and timeframes in the main chart pane.
MultiMA can be controlled as a single entity, which makes it very comfortable and space saving tool.
Each particular MA graph can be enabled or disabled and also marked with the corresponding text label.
MultiMA includes EMA (Exponential Moving Average) and SMA (Simple Moving Average).
The list of the lengths/timeframes are:
1) both EMA and SMA:
for 1 hour, 4 hours, 1 day, 1 week timeframes and
for 20, 50, 100 and 200 lengths.
(excluding EMA/SMA 200 1 hour as they overlap with EMA/SMA 50 4 hours)
2) EMA only:
1 minute 33, 84, 163 lengths,
5 minutes 50, 84, 115, 144, 163 lengths,
30 minutes 84, 163 lengths.
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.
Want to use this script on a chart?
Good luck in trading!
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You can find more useful content and trading cases in
Riskoholics Telegram Channel
t.me/riskoholics
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