This EMA allows you to specify a time-frame for the price used to calculate the moving average. For example, you can create 1 hour EMAs on your 5 minute chart.
NOTE: This indicator only works on intraday charts. The time-frame specified for the indicator must be greater than or equal to the time-frame of the chart.
This script was inspired by @ChartArt.
GREEN = UPTREND
RED = DOWNTREND
TREND IS DETERMINED BY IF THE CLOSE IS BELOW OR ABOVE THE SMA SET (DEFAULT 20)
It has the trend of the following time-frames:
Suggested useage: monthly index or asset class charts.
Traffic light colour system offers opinion on market risk.
Good for long term timing / hedging & allocation adjustment
with hat tip to William Blau !
Provides Moving average of 200 and 50 at the specific timeframe regardless of what interval you're looking at.
Saving the need to change it manually each time you switch the interval.
In this chart, I am looking at 4H interval with EMA of 50/200 of daily timeframe.
Script tries to capture the length of trends. It calculates an SMA and then determines the slope of the SMA using a simple momentum function. From there it counts bars from when the slope changed directions last. The lime green line is the count from when the slope changed. The yellow line is the average time of a trend. The white line is "trying" to capture the...
update: added weekly and monthly pivots, the offset is a average approximation so there may be inconsistency on the date forecasted to be end of week/month.
(using diferent sessions or limited time intervals is not possible).
Feel free to use this Multi Time Frame RSI indicator.
You can select up to 4 time frames.
You can plot either each of them or the average of all 4 or the faster 3.
Enjoy. Please leave a like if it is useful to you.