OPEN-SOURCE SCRIPT
Multi-Timeframe MAs | Daily & Weekly Overlay
Concept and Utility This indicator is a comprehensive Multi-Timeframe (MTF) suite designed to keep intraday traders aligned with the dominant trends of higher timeframes. By projecting key Moving Averages from Daily (D) and Weekly (W) charts onto the current timeframe, it allows traders to identify major dynamic support and resistance levels that are invisible on standard intraday charts.
How it Works The script computes two distinct groups of averages using request.security with continuous plotting (gaps_off) to ensure seamless visualization:
Short-Term Momentum: EMA 9 and EMA 20. These react quickly to price and often guide the immediate trend.
Long-Term Trend: SMA 50 and SMA 200. These are the institutional standards for defining bull/bear markets and major defense zones.
Visual Features & Logic
Stepline Visualization: The script offers a "Step (Stepline)" style option. This is critical for MTF analysis as it accurately represents the flat nature of a Daily/Weekly value remaining constant throughout the intraday session, until the higher timeframe bar closes.
Visual Hierarchy: Weekly MAs are rendered with 30% transparency to visually distinguish them from the Daily MAs, preventing chart clutter.
Standardized Color Coding:
Blue: EMA 9
Orange: EMA 20
Green: SMA 50
Red: SMA 200
Settings
Timeframe Selection: Users can customize which higher timeframes to query (Default: D for Daily group, W for Weekly group).
Group Visual Style: Choose between Step (Stepline) for precise level tracking, Line for smoothness, or Circles.
Toggles & Widths: Each Moving Average can be individually toggled on/off, and its line thickness adjusted.
How it Works The script computes two distinct groups of averages using request.security with continuous plotting (gaps_off) to ensure seamless visualization:
Short-Term Momentum: EMA 9 and EMA 20. These react quickly to price and often guide the immediate trend.
Long-Term Trend: SMA 50 and SMA 200. These are the institutional standards for defining bull/bear markets and major defense zones.
Visual Features & Logic
Stepline Visualization: The script offers a "Step (Stepline)" style option. This is critical for MTF analysis as it accurately represents the flat nature of a Daily/Weekly value remaining constant throughout the intraday session, until the higher timeframe bar closes.
Visual Hierarchy: Weekly MAs are rendered with 30% transparency to visually distinguish them from the Daily MAs, preventing chart clutter.
Standardized Color Coding:
Blue: EMA 9
Orange: EMA 20
Green: SMA 50
Red: SMA 200
Settings
Timeframe Selection: Users can customize which higher timeframes to query (Default: D for Daily group, W for Weekly group).
Group Visual Style: Choose between Step (Stepline) for precise level tracking, Line for smoothness, or Circles.
Toggles & Widths: Each Moving Average can be individually toggled on/off, and its line thickness adjusted.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。