OPEN-SOURCE SCRIPT
Updated Moving Average Lines
Description
This indicator combines three daily moving average lines and one intraday moving average lines into one convenient indicator. If you routinely use moving average lines on your charts this indicator will reduce indicator clutter, allow you to add more indicators, and provide one central location for all of your moving average settings.
The default length for the intraday moving average is 9. The defaults for the daily moving averages are 20, 50, and 200.
Lower Timeframes
This indicator also includes a very unique feature that displays the daily moving average lines onto lower timeframes. This is very useful for seeing if price will reverse off a daily moving average line while watching on a lower timeframe. Displaying daily moving averages on lower timeframes is controlled by an on/ff switch in the settings. So the user can use this feature only when it is convenient for them.
The default for displaying daily moving averages on lower timeframes is OFF.
Inputs & Style
Everything in this indicator can be independently configured. Each of the moving average lines can be toggle on or off. The length of each moving average lines can be adjusted. There are four mathematical functions that can be chosen for the moving average equations. And the colors and line style can be independently configured to fit your current charts style.
This indicator combines three daily moving average lines and one intraday moving average lines into one convenient indicator. If you routinely use moving average lines on your charts this indicator will reduce indicator clutter, allow you to add more indicators, and provide one central location for all of your moving average settings.
The default length for the intraday moving average is 9. The defaults for the daily moving averages are 20, 50, and 200.
Lower Timeframes
This indicator also includes a very unique feature that displays the daily moving average lines onto lower timeframes. This is very useful for seeing if price will reverse off a daily moving average line while watching on a lower timeframe. Displaying daily moving averages on lower timeframes is controlled by an on/ff switch in the settings. So the user can use this feature only when it is convenient for them.
The default for displaying daily moving averages on lower timeframes is OFF.
Inputs & Style
Everything in this indicator can be independently configured. Each of the moving average lines can be toggle on or off. The length of each moving average lines can be adjusted. There are four mathematical functions that can be chosen for the moving average equations. And the colors and line style can be independently configured to fit your current charts style.
Release Notes
Added screenshots displaying the moving average line optionsDaily timeframe with 20/50/200 simple moving average lines
15 min timeframe with daily 20/50/200 lines from higher timeframe
5 min timeframe with 9 SMA intraday line
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.