MTF Moving Averages (only EMA)MTF Moving Averages (only EMA)
This script provides a Multi-Timeframe (MTF) Exponential Moving Average (EMA) indicator for traders to visualize multiple EMAs across different timeframes directly on a single chart.
The indicator dynamically calculates and plots up to four EMAs per timeframe (15-minute, 30-minute, 1-hour, and Daily) with user-defined lengths, offering valuable insight into price trends and potential entry or exit points.
Key Features:
Multiple Timeframe Support: The script allows you to view EMAs from different timeframes simultaneously. This is especially useful for traders who follow trends across different timeframes to make more informed decisions.
Customizable Lengths: For each timeframe, the lengths of the EMAs are fully customizable. You can adjust the length of up to four EMAs per timeframe to suit your strategy.
EMA Calculation: The Exponential Moving Average (EMA) is used, which gives more weight to recent prices and reacts faster to price changes compared to the simple moving average (SMA).
Timeframe Flexibility: The indicator supports the following timeframes:
15-minute: Ideal for short-term traders and scalpers.
30-minute: For intraday trading with a slightly longer perspective.
1-hour: Suitable for swing traders and those who prefer a more medium-term view.
Daily: Great for longer-term trend-following strategies.
Interactive and User-Friendly: You can toggle the visibility of each EMA on each timeframe, allowing you to choose exactly which EMAs you wish to display, depending on your trading strategy.
Color-Coded for Clarity: The script uses distinct colors for each EMA on the chart:
Blue: EMA1
Green: EMA2
Red: EMA3
Purple: EMA4
Line Width Customization: Each plotted EMA line has a customizable width for better visual clarity.
Use Case:
Traders who use multiple timeframes for analysis (e.g., those using the "multi-timeframe analysis" technique) will find this script particularly useful. For example, a trader may look at the 15-minute chart to catch short-term movements, the 30-minute chart for intraday trends, the 1-hour chart for swing positions, and the Daily chart for identifying the overarching market trend. The script enables them to view the EMAs for all these timeframes in one glance without having to manually switch between them.
By observing the relationships between EMAs across multiple timeframes, traders can gain valuable insights into market conditions such as:
Crossovers: When a shorter-term EMA crosses above or below a longer-term EMA, it can signal a potential trend reversal or continuation.
Trend Strength: Multiple EMAs in alignment across different timeframes can indicate strong trend strength.
Support and Resistance: EMAs can act as dynamic support and resistance levels, guiding traders on price action levels to watch for potential price reversals.
Instructions:
Enable/Disable EMAs: Toggle on or off the EMAs for each timeframe (15-min, 30-min, 1-hour, Daily) using the script’s settings.
Adjust EMA Lengths: Change the default lengths for each EMA to match your preferred settings for different timeframes.
Monitor Key Levels: Watch how price interacts with the plotted EMAs to spot potential trading signals based on your strategy.
This indicator is designed to enhance your multi-timeframe analysis and help make more informed, data-driven trading decisions.
Mtfema
EMA Dashboard | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Exponential Moving Average (EMA) Dashboard! This dashboard let's you select a source for the calculation of the EMA of it, then shows it across 5 different lengths and timeframes.
Features of the new EMA Dashboard :
Shows EMA Across 5 Different Lengths & Timeframes.
Select Any Source, Including Other Indicators.
Enable / Disable Plotting Lines.
Customizable Dashboard.
📌 HOW DOES IT WORK ?
EMA is a widely used indicatior within trading community, it is similar to a Simple Moving Average (SMA) but places more weight on recent prices, making it more reactive to current trends. This indicator then shows it across 5 different timeframes in a dashboard and plots them in your chart for ease of use.
🚩UNIQUENESS
This dashboard cuts through the hassle of manual EMA calculations and plotting. It offers flexibility by allowing various data sources (even custom indicators) and customization through enabling / disabling EMA lines. The clear visualization lets you compare multiple EMAs efficiently.
⚙️SETTINGS
1. Timeframes
You can set up to 5 timeframes & lenghts for the dashboard to show here. You can also turn on plotting and enable / disable them.
2. General Configuration
EMA Source -> You can select the source for the calculation of the EMA here. You can select sources from other indicators as well as more general sources like close, high and low price.
NSDT EMA+ATRI had this idea to make a custom Moving Average that adapts to the market. I chose to use the Average True Range. As the market makes bigger/smaller moves, this custom Moving Average applies the ATR as the length of the EMA. This gives more distance to the Moving Average as the volatility picks up or reduces.
Just set the length you want the ATR to look back (default is 100) and the multiplier (default is 2) to work with the instrument being traded.
It's also setup for use on Multi Time Frames.
Multiple Moving Avg MTF TableThis script replaces the other script that was just the SMAs that where in a Multi Time Frame Table as this was a redo of that one and this one is SO MUCH MORE!!!!
Not only does this one do the Simple Moving Avg 5, 10, 20, 50, 120, 200 into a table that shows Current/Hourly/Daily/Weekly/Monthly/Quarterly ( 3M )/ Yearly. It now does Exponential Moving Avg , Weighted Moving Avg , and Volume Weight Moving Avg along with Simple Moving Avg.
I still use this script so that you can quickly capture the values so that short-term, and long-term resistance and support can be determined during market hours. Even better now you can select between SMA / EMA / WMA /or VWMA .
imgur.com
The table will change to the values based on the Choice of the type of Moving Avg and if you change the default values.
Now it will take a little bit for the table to show up, so please be patient. I have tested it with stocks, forex, and crypto.
