OPEN-SOURCE SCRIPT
Ang Multi EMA with labels (Any timeframe)
//version=6
// Update notes:
// - Adds clear right-side labels for each enabled moving average, such as "5 min ema 20".
// - Uses lowercase "ema" and "sma" in labels for a cleaner chart style.
// - Formats label price values to two decimals for easier reading.
// - Keeps higher-timeframe moving-average labels visible by carrying forward the latest value.
// - Automatically spaces nearby labels apart using an ATR-based gap, reducing label overlap when lines are close.
//
// Benefits:
// - Makes it immediately clear which timeframe, average type, and length each line represents.
// - Reduces visual clutter and prevents multiple labels from sitting on top of each other.
// - Improves readability during fast chart review, especially when several EMAs/SMAs are enabled.
// - Keeps the chart easier to share because the moving-average settings are visible directly on the chart.
// Update notes:
// - Adds clear right-side labels for each enabled moving average, such as "5 min ema 20".
// - Uses lowercase "ema" and "sma" in labels for a cleaner chart style.
// - Formats label price values to two decimals for easier reading.
// - Keeps higher-timeframe moving-average labels visible by carrying forward the latest value.
// - Automatically spaces nearby labels apart using an ATR-based gap, reducing label overlap when lines are close.
//
// Benefits:
// - Makes it immediately clear which timeframe, average type, and length each line represents.
// - Reduces visual clutter and prevents multiple labels from sitting on top of each other.
// - Improves readability during fast chart review, especially when several EMAs/SMAs are enabled.
// - Keeps the chart easier to share because the moving-average settings are visible directly on the chart.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.