Up to 8 Moving Averages can be applied to your chart. Each one is individually configurable for the following:
1. Length
2. Method: EMA, SMA or WMA.
3. Timeframe: Current, 1H, 2H, 4H, 6H, 12H, 1D, 3D, Weekly or Monthly.
Any MA's set to the current or higher timeframe than the chart will be displayed.
Suggested use: set 2 or 3 MA's to a higher timeframe (e.g. daily or weekly) to determine the overall trend and set the others to the current timeframe for intraday trading.
The example chart is set to EMA's 3, 5, 10, 20, 50 on current timeframe (4H) and EMA's 50, 100 & 200 for daily.
My first published script, hope you all find this useful!
Any feedback would be welcome.
1. Length
2. Method: EMA, SMA or WMA.
3. Timeframe: Current, 1H, 2H, 4H, 6H, 12H, 1D, 3D, Weekly or Monthly.
Any MA's set to the current or higher timeframe than the chart will be displayed.
Suggested use: set 2 or 3 MA's to a higher timeframe (e.g. daily or weekly) to determine the overall trend and set the others to the current timeframe for intraday trading.
The example chart is set to EMA's 3, 5, 10, 20, 50 on current timeframe (4H) and EMA's 50, 100 & 200 for daily.
My first published script, hope you all find this useful!
Any feedback would be welcome.