OPEN-SOURCE SCRIPT
Multi-Timeframe 20 EMA Horizontal Lines
Overview
This Multi-Timeframe 20 EMA indicator provides intelligent trend analysis by displaying your current timeframe EMA alongside relevant higher timeframe EMA levels as horizontal support/resistance lines. On lower timeframes, you see all higher EMA levels for comprehensive multi-timeframe confluence, while on higher timeframes, it filters out lower timeframe noise to maintain focus on macro trends. This allows traders to align short-term entries with long-term market structure, identifying high-probability setups where multiple timeframe EMAs converge while using the current timeframe EMA for precise timing.
Feature
Multi-Timeframe Horizontal EMA Lines
The indicator fetches and displays 20 EMAs from five higher timeframes:
Intelligent Timeframe Filtering
Example: On a 4-hour chart, you'll see Daily, Weekly, Monthly, Quarterly, and Half-Yearly EMAs, but on a Weekly chart, you'll only see Weekly and higher timeframes
Half-Yearly (HY): 6-Month 20 EMA
Shows only current timeframe EMA with half-yearly horizontal line, filtering out all lower timeframes.
Quarterly (Q): 3-Month 20 EMA
Displays current timeframe EMA with quarterly and higher horizontal lines, hiding monthly, weekly, and daily EMAs.
Monthly (M): Monthly 20 EMA
Shows current timeframe EMA with monthly and higher horizontal EMAs, excluding weekly and daily timeframes.
Weekly (W): Weekly 20 EMA
Displays current timeframe EMA with weekly and higher horizontal EMA lines, filtering out daily timeframe.
Daily (D):
Shows current timeframe EMA with all higher timeframe horizontal EMAs (daily, weekly, monthly, quarterly, half-yearly).
Note: Make sure to enable Price-Line in Style Settings after Importing Script.
This Multi-Timeframe 20 EMA indicator provides intelligent trend analysis by displaying your current timeframe EMA alongside relevant higher timeframe EMA levels as horizontal support/resistance lines. On lower timeframes, you see all higher EMA levels for comprehensive multi-timeframe confluence, while on higher timeframes, it filters out lower timeframe noise to maintain focus on macro trends. This allows traders to align short-term entries with long-term market structure, identifying high-probability setups where multiple timeframe EMAs converge while using the current timeframe EMA for precise timing.
Feature
Multi-Timeframe Horizontal EMA Lines
The indicator fetches and displays 20 EMAs from five higher timeframes:
- Daily (D): Daily 20 EMA
- Weekly (W): Weekly 20 EMA
- Monthly (M): Monthly 20 EMA
- Quarterly (Q): 3-Month 20 EMA
- Half-Yearly (HY): 6-Month 20 EMA
Intelligent Timeframe Filtering
- Smart Display Logic: Only shows EMAs from timeframes higher than your current chart timeframe
- Prevents Redundancy: Automatically filters out lower timeframe EMAs to avoid clutter
Example: On a 4-hour chart, you'll see Daily, Weekly, Monthly, Quarterly, and Half-Yearly EMAs, but on a Weekly chart, you'll only see Weekly and higher timeframes
Half-Yearly (HY): 6-Month 20 EMA
Shows only current timeframe EMA with half-yearly horizontal line, filtering out all lower timeframes.
Quarterly (Q): 3-Month 20 EMA
Displays current timeframe EMA with quarterly and higher horizontal lines, hiding monthly, weekly, and daily EMAs.
Monthly (M): Monthly 20 EMA
Shows current timeframe EMA with monthly and higher horizontal EMAs, excluding weekly and daily timeframes.
Weekly (W): Weekly 20 EMA
Displays current timeframe EMA with weekly and higher horizontal EMA lines, filtering out daily timeframe.
Daily (D):
Shows current timeframe EMA with all higher timeframe horizontal EMAs (daily, weekly, monthly, quarterly, half-yearly).
Note: Make sure to enable Price-Line in Style Settings after Importing Script.
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.