Weekly and Daily EMA levels

17 thg 8

This Pine Script indicator provides important weekly and daily levels for lower time frame traders, whom trades based on reaction of these levels.

Dedicated to Prof Michael G
Key Features:

Multi-timeframe EMAs: Shows 12, 21, 50, 100, and 200 period EMAs from both Weekly and Daily timeframes
Horizontal dotted lines: Uses plot.style_linebr to create the dotted/dashed line effect
Works on all timeframes: The lines will appear on any chart timeframe you're viewing
Customizable: Individual toggles for each EMA period and timeframe

Settings Available:

Toggle Weekly/Daily EMAs on/off
Enable/disable individual EMA periods (12, 21, 50, 100, 200)
Customize colors for each EMA line
Adjust line width
Optional labels showing current EMA values

How to Use:

Copy the code into TradingView's Pine Editor
Click "Add to Chart"
Adjust settings in the indicator's Style tab as needed

The weekly EMAs appear with slightly more opacity (30%) while daily EMAs have higher transparency (60%) to help distinguish between timeframes. The lines will automatically update as new bars form and will be visible regardless of what timeframe you're currently viewing on your chart.

17 thg 8

Phát hành các Ghi chú

Updated V1.0

18 thg 8

Phát hành các Ghi chú

This indicator provides important weekly and daily levels for lower time frame traders, whom trades based on reaction of these levels.

Dedicated to Prof Michael G the best teacher in world.

Key Features:

Multi-timeframe EMAs: Shows 12, 21, 50, 100, and 200 period EMAs from both Weekly and Daily timeframes
Horizontal dotted lines: that only shows the latest Weekly and daily level. so chart wont be messy.
Works on all timeframes: The lines will appear on any chart timeframe you're viewing
Customizable: Individual toggles for each EMA period and timeframe

Settings Available:

Toggle Weekly/Daily EMAs on/off
Enable/disable individual EMA periods (12, 21, 50, 100, 200)
Customize colors for each EMA line
Adjust line width
Optional labels showing current EMA values

How to Use:

Click "Add to Chart"
Adjust settings in the indicator's Style tab as needed

The weekly EMAs appear with slightly more opacity (30%) while daily EMAs have higher transparency (60%) to help distinguish between timeframes. The lines will automatically update as new bars form and will be visible regardless of what timeframe you're currently viewing on your chart.