Multi-Timeframe MAs | Daily & Weekly Overlay

Concept and Utility This indicator is a comprehensive Multi-Timeframe (MTF) suite designed to keep intraday traders aligned with the dominant trends of higher timeframes. By projecting key Moving Averages from Daily (D) and Weekly (W) charts onto the current timeframe, it allows traders to identify major dynamic support and resistance levels that are invisible on standard intraday charts.

How it Works The script computes two distinct groups of averages using request.security with continuous plotting (gaps_off) to ensure seamless visualization:

Short-Term Momentum: EMA 9 and EMA 20. These react quickly to price and often guide the immediate trend.

Long-Term Trend: SMA 50 and SMA 200. These are the institutional standards for defining bull/bear markets and major defense zones.

Visual Features & Logic

Stepline Visualization: The script offers a "Step (Stepline)" style option. This is critical for MTF analysis as it accurately represents the flat nature of a Daily/Weekly value remaining constant throughout the intraday session, until the higher timeframe bar closes.

Visual Hierarchy: Weekly MAs are rendered with 30% transparency to visually distinguish them from the Daily MAs, preventing chart clutter.

Standardized Color Coding:

Blue: EMA 9

Orange: EMA 20

Green: SMA 50

Red: SMA 200

Settings

Timeframe Selection: Users can customize which higher timeframes to query (Default: D for Daily group, W for Weekly group).

Group Visual Style: Choose between Step (Stepline) for precise level tracking, Line for smoothness, or Circles.

Toggles & Widths: Each Moving Average can be individually toggled on/off, and its line thickness adjusted.