OPEN-SOURCE SCRIPT
Proxy MA Levels
Proxy MA Levels
Multi-timeframe moving average proxy system with tolerance zones, touch alerts, and cycle extension tracking for SPY.
---
What it does:
Proxy MA Levels brings higher timeframe moving averages down to any chart without timeframe switching. Instead of manually jumping to Weekly or Daily charts, this indicator calculates precise proxies of the most important institutional moving averages and displays them directly on your current timeframe.
Three core levels:
- W EMA8 — Weekly 8-period EMA proxy (1H EMA 650 / Daily EMA 40). The primary short-term trend anchor used by institutional traders
- W EMA20 — Weekly 20-period EMA proxy (1H EMA 1600 / Daily EMA 100). Key medium-term support and resistance
- D SMMA10 — Daily smoothed 10-period MA proxy (1H EMA 300 / Daily RMA 10). Precise daily trend baseline
Tolerance zones:
Configurable percentage bands around W EMA8 and W EMA20 highlight approach zones before price actually touches the level — giving you early warning before the reaction happens.
Cycle Extension:
Tracks the last cross of price through W EMA20, marks the anchor price level with a horizontal line, and displays the percentage extension and days elapsed since the cross. Useful for identifying overextended moves and mean reversion setups.
---
Key features:
- Automatic TF detection — switches between 1H and Daily proxies depending on your chart timeframe
- Anti-spam pivot engine — alerts fire once per confirmed pivot leg, not on every bar
- Individual and master alerts for Near / Touch / Over / Under each level
- Fully customizable colors, line widths, and label visibility
- Works on all intraday and daily timeframes
---
Alert types:
- Near W EMA8 / W EMA20 — price approaching within tolerance zone
- Touch — price has intersected the level
- Over / Under — price has broken through tolerance zone after a touch
---
How to use:
- Watch for Touch alerts as potential entry or exit signals
- Near alerts give you preparation time before the level is reached
- Over/Under after a touch confirms breakout or rejection
- Cycle Extension helps identify when a trend leg is statistically stretched and due for a pullback
Multi-timeframe moving average proxy system with tolerance zones, touch alerts, and cycle extension tracking for SPY.
---
What it does:
Proxy MA Levels brings higher timeframe moving averages down to any chart without timeframe switching. Instead of manually jumping to Weekly or Daily charts, this indicator calculates precise proxies of the most important institutional moving averages and displays them directly on your current timeframe.
Three core levels:
- W EMA8 — Weekly 8-period EMA proxy (1H EMA 650 / Daily EMA 40). The primary short-term trend anchor used by institutional traders
- W EMA20 — Weekly 20-period EMA proxy (1H EMA 1600 / Daily EMA 100). Key medium-term support and resistance
- D SMMA10 — Daily smoothed 10-period MA proxy (1H EMA 300 / Daily RMA 10). Precise daily trend baseline
Tolerance zones:
Configurable percentage bands around W EMA8 and W EMA20 highlight approach zones before price actually touches the level — giving you early warning before the reaction happens.
Cycle Extension:
Tracks the last cross of price through W EMA20, marks the anchor price level with a horizontal line, and displays the percentage extension and days elapsed since the cross. Useful for identifying overextended moves and mean reversion setups.
---
Key features:
- Automatic TF detection — switches between 1H and Daily proxies depending on your chart timeframe
- Anti-spam pivot engine — alerts fire once per confirmed pivot leg, not on every bar
- Individual and master alerts for Near / Touch / Over / Under each level
- Fully customizable colors, line widths, and label visibility
- Works on all intraday and daily timeframes
---
Alert types:
- Near W EMA8 / W EMA20 — price approaching within tolerance zone
- Touch — price has intersected the level
- Over / Under — price has broken through tolerance zone after a touch
---
How to use:
- Watch for Touch alerts as potential entry or exit signals
- Near alerts give you preparation time before the level is reached
- Over/Under after a touch confirms breakout or rejection
- Cycle Extension helps identify when a trend leg is statistically stretched and due for a pullback
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.