EXPERIMENTAL:
improved range detection (it now locks range when its last formed on the appropriate side improving readability as it doesnt auto adjust when opposite extreme moves)
This script lets you plot a simple or exponential moving average from a specific time frame that you can select. For example, if you always want the Daily 50MA on your chart, regardless of what resolution your chart is on, this will do it. It's also color coded to show if it's rising or falling.
Just like the regular "Moving Average Exponential" indicator except this allows you to show 2 with custom time intervals, saving non-subscribers to Trading View an indicator slot. Enjoy.
5 Exponential Moving Averages
EMA 1: length 8, blue line
EMA 2: length 13, pink line
EMA 3: length 21, green line
EMA 4: length 55, yellow line
EMA 5: length 200, black line
These are Philakone's EMA's. I added the 100 day in there as I didn't see that anyone had done that.
The 100 might be the same color as the 200 looking at the code, I changed it on my chart, but just make sure you check the colors.
Allow moving averages to be displayed without needing to use up multiple charting indicators individually (20, 50, 100, 200, 300 lengths for both EMA and SMA)
6 simple and 5 exponential Moving Averages in one indicator.
I made this because its not always easy to tell what average the price might be bouncing off from when you only have a couple at a time.
For some reason, the defaults aren't working.
To fix this, just open the configuration for the indicator after the first time that you load it.
Then check/uncheck...
All the moving averages bewteen 3 and 200 in increments of 5.
with the ability to change colours
and change between simple and exponential.
It provides an easy and fast way to determine the trend direction and possible reversals.
