Multi Timeframe EMA
This indicator will show you the exponantial moving average (ema) of the higher timeframes (up to 1D). Current timeframe is colored red, higher timeframes are colored from light to dark gray (you can change this).
How to Trade this:
1. Look for tranding ema on higher timeframe (line is stepping up).
2. Look for faster time frames to pull back (decline) to a higher timeframe.
3. This is a good area to look for a buy entry (vice versa for sell entry).
Don't fight the trend :)
Updated Version:
How to Trade this:
1. Look for tranding ema on higher timeframe (line is stepping up).
2. Look for faster time frames to pull back (decline) to a higher timeframe.
3. This is a good area to look for a buy entry (vice versa for sell entry).
Don't fight the trend :)
Updated Version:
study("Multi Timeframe EMA", shorttitle="MTF_EMA",overlay=true)
len = input(20, title="Length", type=integer)
src = input(close, title="Source", type=source)
show5m = input(true, title="show 5m", type=bool)
show15m = input(true, title="show 15m", type=bool)
show30m = input(true, title="show 30m", type=bool)
show1h = input(true, title="show 1h", type=bool)
show2h = input(true, title="show 2h", type=bool)
show4h = input(true, title="show 4h", type=bool)
show1D = input(true, title="show 1D", type=bool)
emaCurrent = ema(src,len)
ema5m = security(ticker,"5",ema(src,len))
ema15m = security(ticker,"15",ema(src,len))
ema30m = security(ticker,"30",ema(src,len))
ema1h = security(ticker,"60",ema(src,len))
ema2h = security(ticker,"120",ema(src,len))
ema4h = security(ticker,"240",ema(src,len))
ema1D = security(ticker,"D",ema(src,len))
plot(emaCurrent, color=red, title="ema current")
plot(show5m ? ema5m : na, color=interval < 5 and not isdaily and not isweekly and not ismonthly ? #aaaaaa : na, title="ema 5m")
plot(show15m ? ema15m : na, color=interval < 15 and not isdaily and not isweekly and not ismonthly ? #999999 : na, title="ema 15m")
plot(show30m ? ema30m : na, color=interval < 30 and not isdaily and not isweekly and not ismonthly ? #888888 : na, title="ema 30m")
plot(show1h ? ema1h : na, color=interval < 60 and not isdaily and not isweekly and not ismonthly ? #777777 : na, title="ema 1h")
plot(show2h ? ema2h : na, color=interval < 120 and not isdaily and not isweekly and not ismonthly ? #666666 : na, title="ema 2h")
plot(show4h ? ema4h : na, color=interval < 240 and not isdaily and not isweekly and not ismonthly ? #555555 : na, title="ema 4h")
plot(show1D ? ema1D : na, color=not isdaily and not isweekly and not ismonthly ? #444444 : na, title="ema 1D")