OPEN-SOURCE SCRIPT
Moving Averages based on higher Timeframes
OVERVIEW
This indicator gives you the possibility to plot up to 10 individually adjustable moving averages on to one chart. You can individualize them based on several criteria.
FEATURES
Important: This indicator was designed to request values from moving averages of a timeframe higher than the current chart timeframe. It is not recommended to request values from moving averages of a timeframe lower than the current chart timeframe.
If you find errors of any kind or have suggestions to improve this indicator or just want to give some feedback, please feel free to post a comment below.
This indicator gives you the possibility to plot up to 10 individually adjustable moving averages on to one chart. You can individualize them based on several criteria.
FEATURES
- Type: You can define which type of moving average you want to use. Possible options are EMA, SMA, WMA, HMA, and RMA.
- Source: By default, moving averages use the closing price as source, but you can use all OHCL values as source.
- Length: Set the length of the moving average.
- Timeframe: Select any timeframe the moving average should be based on.
- Smooth line: Plot the moving average as a smooth or a stepped line.
Important: This indicator was designed to request values from moving averages of a timeframe higher than the current chart timeframe. It is not recommended to request values from moving averages of a timeframe lower than the current chart timeframe.
If you find errors of any kind or have suggestions to improve this indicator or just want to give some feedback, please feel free to post a comment below.
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