OPEN-SOURCE SCRIPT
MTF MA Switch (EMA/SMA)
MTF MA Switch (EMA/SMA)
MTF MA Switch is a simple and flexible moving average indicator that displays up to six moving averages directly on the price chart.
The indicator shows four moving averages from the current chart timeframe and two additional moving averages from user-selectable timeframes. The moving average type can be switched globally between EMA and SMA.
Features:
- 4 moving averages based on the current chart timeframe
- 2 multi-timeframe moving averages
- Global EMA/SMA switch
- Customizable lengths, colors and timeframes
- Optional confirmed higher timeframe calculation to reduce repainting
- Works on any chart timeframe
The multi-timeframe moving averages can be used to display important higher timeframe levels, such as daily or weekly moving averages, while trading on lower timeframes.
Example:
If you are viewing a 5-minute chart, the indicator can display four moving averages from the 5-minute timeframe and additionally show the daily EMA 20 and daily EMA 10.
Repainting note:
When "Use Confirmed Higher Timeframe Bars" is enabled, the indicator uses the last confirmed higher timeframe bar for MTF moving averages. This helps avoid repainting on lower timeframes. If the selected MTF timeframe matches the current chart timeframe, no offset is applied.
This indicator is intended for trend analysis, multi-timeframe context, support and resistance observation, and discretionary trading setups.
MTF MA Switch is a simple and flexible moving average indicator that displays up to six moving averages directly on the price chart.
The indicator shows four moving averages from the current chart timeframe and two additional moving averages from user-selectable timeframes. The moving average type can be switched globally between EMA and SMA.
Features:
- 4 moving averages based on the current chart timeframe
- 2 multi-timeframe moving averages
- Global EMA/SMA switch
- Customizable lengths, colors and timeframes
- Optional confirmed higher timeframe calculation to reduce repainting
- Works on any chart timeframe
The multi-timeframe moving averages can be used to display important higher timeframe levels, such as daily or weekly moving averages, while trading on lower timeframes.
Example:
If you are viewing a 5-minute chart, the indicator can display four moving averages from the 5-minute timeframe and additionally show the daily EMA 20 and daily EMA 10.
Repainting note:
When "Use Confirmed Higher Timeframe Bars" is enabled, the indicator uses the last confirmed higher timeframe bar for MTF moving averages. This helps avoid repainting on lower timeframes. If the selected MTF timeframe matches the current chart timeframe, no offset is applied.
This indicator is intended for trend analysis, multi-timeframe context, support and resistance observation, and discretionary trading setups.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.