This versatile indicator detects and visualizes when the price touches (crosses over or under) the 325-period Simple Moving Average (SMA) across multiple timeframes. It's designed to help traders identify potential support and resistance levels across various time horizons. Key Features:
Monitors 7 different timeframes: 30 minutes, 1 hour, 2 hours, 4 hours, 6 hours, 12 hours, and 1 day. Customizable: Each timeframe can be toggled on or off individually. Visual cues: Unique shapes and colors for each timeframe make it easy to distinguish touches on different time scales. Adjustable SMA length: While defaulted to 325 periods, the SMA length can be modified to suit your strategy. Current timeframe SMA: Displays the 325 SMA on the chart for additional context.
How it Works: The indicator checks for price touches on the 325 SMA for each selected timeframe. When a touch occurs, it plots a distinct shape below the price bar:
30 minutes: Blue circle 1 hour: Green square 2 hours: Red triangle (up) 4 hours: Purple diamond 6 hours: Teal triangle (down) 12 hours: Orange X 1 day: White circle
The 325 SMA for the current chart timeframe is also plotted as a yellow line for reference. Use Cases:
Identify potential support and resistance levels across multiple timeframes Spot confluences where touches occur on multiple timeframes simultaneously Enhance your multi-timeframe analysis for more informed trading decisions Use as a filter or confirmation tool in your existing trading strategy
Customization: You can easily customize the indicator by adjusting the SMA length or toggling specific timeframes on/off to focus on the time horizons most relevant to your trading style.