This indicator combines three daily moving average lines and one intraday moving average lines into one convenient indicator. If you routinely use moving average lines on your charts this indicator will reduce indicator clutter, allow you to add more indicators, and provide one central location for all of your moving average settings.
The default length for the intraday moving average is 9. The defaults for the daily moving averages are 20, 50, and 200.
Lower Timeframes
This indicator also includes a very unique feature that displays the daily moving average lines onto lower timeframes. This is very useful for seeing if price will reverse off a daily moving average line while watching on a lower timeframe. Displaying daily moving averages on lower timeframes is controlled by an on/ff switch in the settings. So the user can use this feature only when it is convenient for them.
The default for displaying daily moving averages on lower timeframes is OFF.
Inputs & Style
Everything in this indicator can be independently configured. Each of the moving average lines can be toggle on or off. The length of each moving average lines can be adjusted. There are four mathematical functions that can be chosen for the moving average equations. And the colors and line style can be independently configured to fit your current charts style.
Informacje o Wersji
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Added screenshots displaying the moving average line options
Daily timeframe with 20/50/200 simple moving average lines
15 min timeframe with daily 20/50/200 lines from higher timeframe
Hi there. can the script be modified to introduce custom length multiple day chart EMA lines instead (of SMA lines) ? up to the day before close so it just becomes a few horizontal lines. Probably looks neater along with other intraday MA lines on same chart :)
jmichaud3847
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Thanks for taking the time to create this... Since I primarily use Daily MA's have been struggling with other MA indicators which lag due to indicator "repainting". I did notice that your MA's lines (in the rear) are very jagged with only a few plots per hour and are only smoothed as they are painted in real time and looking forward... Any idea why this is, or how to fix it?
Infinity_Trading_
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@jmichaud3847, Glad you like the indicator!... Can you provide an example with ticker and timeframe of the "very jagged" lines you reference? In all my testing and trading I've never seen what you describe.