This indicator allows you to view a moving average (EMA or SMA) of your choosing on other time frames than what you are currently on.
The reason I wanted to develop this was for use as a filter. Let's say you wanted to make sure the daily time frame was trading above a certain moving average so you could be sure you were playing with the trend. But you wanted to make your entries and exits on a smaller time frame. This Multi-Timeframe Moving Average indicator can then be used to keep an eye on that daily moving average while looking at the shorter term time frames on the same chart.
リリースノート
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Simplified the code a bit and made it so that you can pick any time frame now instead of the few I had originally pre-selected as options.
リリースノート
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I accidentally left a non-related indicator in the last update, this removes it.
Nice job, very useful. May you add something extra in Style? An option to on/off "Plots Background" between moving averages. Thanks mate.
millerrh
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@claudioivm, This indicator only plots one moving average.
Joshualeong91
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How to change and read the indicator?
The_Chart_Master
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For some reason I can't get this to work on the BLX chart on the daily where I want to see the 21 weekly EMA. It gives a study error and/or out of resolution. Any idea how to fix?
millerrh
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@The_Chart_Master, for BLX, I am assuming you mean the Bitcoin Liquid Index on the NASDAQ? I just tried it and was able to get it to work. Sorry, hard to troubleshoot when I'm not seeing the same thing.
The_Chart_Master
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@millerrh, BLX - BraveNewCoin Liquid Index for Bitcoin , which is listed under the BNC exchange.
millerrh
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@The_Chart_Master, OK I'm seeing the same thing. I think the reason might be because that specific ticker has a min resolution of Daily timeframe. This moving average script is also calculating the 4-hr time frame which doesn't exist on this ticker. You could potentially remove that part of the script and it could work for this one.
The_Chart_Master
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@millerrh, thanks! Removing the 4h solved the issue for me. Great work!