Daily/Weekly EMAs on Lower Timeframes

This indicator allows traders to view Daily and Weekly EMAs (Exponential Moving Averages) directly on lower timeframes such as 1m, 5m, 15m, or 1h charts — providing a higher timeframe perspective without switching charts.

The script includes individual checkboxes for each EMA length — 5, 8, 9, 21, 50, and 200 — organized into two clear sections:

🟢 Daily EMAs

🔵 Weekly EMAs

You can selectively enable or disable any EMA to match your trading style and reduce chart clutter.
Each EMA is color-coded for clarity and consistency:

5 EMA: Green

8 EMA: Blue

9 EMA: Blue

21 EMA: Orange

50 EMA: Purple

200 EMA: Red

Weekly EMAs appear slightly transparent to distinguish them from daily ones.
This makes it easy to visualize higher timeframe trend direction, confluence zones, and dynamic support/resistance levels while trading intraday.

💡 Key Features

View Daily and Weekly EMAs on smaller timeframes.
Individual checkbox toggles for all 6 EMA lengths.
Separate sections for Daily and Weekly EMAs.
Color-coded lines for easy visual recognition.
Works seamlessly on any symbol or timeframe below Daily.

Note di rilascio

This indicator lets you overlay Daily & Weekly Moving Averages (SMA or EMA) on lower timeframe charts (1m, 5m, 15m, 1h, etc.), giving you higher timeframe context without switching charts.

Choose SMA or EMA globally for all lines.
Input custom lengths (5 values) with dedicated colors: Green, Blue, Orange, Purple, Red.
Toggle visibility per line, organized in two groups: Daily and Weekly.
Weekly lines draw with transparency to distinguish from Daily.

Ideal for visualizing trend confluence, dynamic support/resistance, and HTF direction while trading intraday.

Note di rilascio

Date: October 2025
Version: 2.5

🚀 New Features

Descriptive Value Labels:
Added dynamic right-edge labels showing each MA’s name and value (e.g., “Daily EMA 8: 153.16”).
Labels automatically update in real time and move slightly above each MA line for better visibility.

Real-Time Accuracy:
Daily and weekly EMAs/SMA values now use live forming candle data, matching TradingView’s built-in indicators exactly.

Compact One-Line Layout:
All label.new() and plot() statements are refactored into single-line, clean syntax for better readability and performance.

Improved Visual Hierarchy:
Daily lines use solid colors; Weekly lines are semi-transparent for distinction.
Labels are color-matched and slightly larger (size=normal) for readability.

🛠 Fixes & Improvements

Fixed previous issue where daily EMAs appeared stepped or lagging (now shows correct intraday value).

Fixed label overlap and alignment — labels now render just above their respective lines.

Consolidated redundant function calls for efficiency.

Enhanced color consistency across all MA lengths (5, 8, 21, 50, 200).

⚙️ Behavior Summary

Works on any lower timeframe (1m, 5m, 15m, etc.).

Supports global toggle between EMA and SMA.

Auto-updating higher-timeframe values (daily & weekly).

Color-coded and labeled for quick trend visualization.

Note di rilascio

Fixes label positioning

Note di rilascio

Update title

Note di rilascio

What’s New

Labels now sit slightly above lines for clearer visibility.
Restored color-coded design (green, blue, orange, purple, red) with white text.
Fixed duplicate labels — now only one clean label per MA.
Improved visual balance and adaptive spacing for all assets.

Note di rilascio

Adds ORB support

Note di rilascio

Fix: ORB line extension to 9:30 AM candle

ORB lines now start exactly at 09:30 New York time and extend rightward through the session.
Implemented xloc=bar_time with computed t930 timestamp to anchor lines correctly across timeframes.
Prevents early termination of ORB lines seen on intraday charts.

Note di rilascio

Switched 4H to Weekly

Note di rilascio

Offset labels to right

Note di rilascio

Added 100 SMA/EMA to list

Note di rilascio

Hidden Daily MA 1 (5 EMA) by default — Changed showDaily1 from true to false
Added Slope Coloring (off by default) — MA lines change color based on slope direction (rising = green, falling = red), with customizable colors
Added MA Ribbon Fill (off by default) — Fills between consecutive daily MA plots (1-2, 2-3, 3-4, 4-5, 5-6), green when shorter MA is above longer, red when below, with adjustable transparency
Added Price Distance % in Labels (off by default) — Appends (X.XX%) to each MA label showing how far current price is from that MA
Added MA Confluence Zone Highlighting (off by default) — Highlights chart background when 3+ visible daily MAs cluster within a configurable threshold (default 1% of price), with customizable color/transparency and minimum MA count
Added Bar Coloring (off by default) — Colors chart candles bullish/bearish based on whether price is above/below a user-selected daily MA (defaults to MA 3 / 21 EMA), with customizable bull/bear colors

Note di rilascio

Release Notes – Script Enhancements

Daily Moving Averages (MAs) are now hidden when the user selects the weekly interval
Labels are automatically hidden when either daily or weekly intervals are selected
Weekly Moving Averages (8, 21, 50, 100, 200) are automatically displayed when the weekly interval is selected

Note di rilascio

Security fixes
Label alignment

Note di rilascio

Updates labels text size

Note di rilascio

Bug fixes

Weekly MA visibility respects your selections — Weekly MAs no longer force slots 2–6 on every weekly chart. On a weekly timeframe, each weekly MA now follows its own toggle, or mirrors the matching daily toggle when the weekly one is off (e.g. Daily MA 2 & 3 on → Weekly 2 & 3 show; Daily/Weekly MA 5 off → MA 5 stays hidden).
Labels hidden on monthly and higher charts — “Hide labels on Daily+ chart timeframes” now applies to all non-intraday intervals (daily, weekly, monthly, and above), not just D and W. Labels and tail lines stay visible on intraday charts only.

Label & display (recent)

Label style options — Choose “Text only” (minimal) or “Pill” (filled box).
Label placement controls — Vertical offset in ticks, optional far-right placement, and separate tail extension vs. label padding bars.
Tail line alignment — Tail lines extend to label anchors for cleaner alignment with MA values.
MA line transparency — Adjustable opacity for daily MAs; weekly MAs render slightly fainter by default.

Settings renamed
“Hide labels on Daily / Weekly chart timeframe” → “Hide labels on Daily+ chart timeframes” — Reflects the expanded hide behavior on monthly+ charts.

Script open-source

Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.

pavankjadda

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Script open-source

pavankjadda