OPEN-SOURCE SCRIPT

Multi-Timeframe EMA Analysis Suite

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This comprehensive multi-timeframe moving average analysis tool provides systematic trend evaluation across five configurable timeframes with advanced kernel regression envelope technology for dynamic boundary detection.

Core Innovation - Multi-Timeframe EMA System:
  • The primary functionality displays multiple exponential moving averages (9, 21, 30, 50, 100, 200), weighted moving average (14), and simple moving average (200) across customizable timeframes including 1H, 4H, Daily, Weekly, and Monthly periods. Each timeframe and moving average can be individually enabled or disabled based on analysis requirements.


Advanced Features:
  • Intelligent label positioning algorithms with automatic overlap prevention across multiple timeframes
  • Dynamic offset calculation maintaining readability when price levels converge
  • Comprehensive data table displaying all moving average values with color-coded formatting
  • Real-time market status evaluation categorizing conditions from "Strong Bullish" to "Strong Bearish"
  • Performance-optimized rendering with adjustable detail controls


Technical Implementation:
  • Built using Pine Script v6 with optimized multi-timeframe security requests through tuple-based data retrieval
  • The system implements efficient memory management and dynamic table systems for responsive chart performance during complex multi-timeframe calculations
  • Original developments include intelligent label spacing algorithms, dynamic offset management across timeframes, and comprehensive market status evaluation logic using moving average alignment principles


Enhanced Envelope System:
  • Incorporates and significantly extends the kernel regression envelope concept originally developed by LuxAlgo in their Nadaraya-Watson Envelope indicator. The mathematical foundation uses Gaussian weighting functions with substantial implementation improvements:
  • Complete redesign using optimized polyline rendering system for superior performance
  • Addition of center line calculation and visualization not present in the original
  • Performance optimization controls with adjustable detail levels
  • Enhanced label management with real-time value displays
  • Seamless integration with multi-timeframe analysis capabilities


Configuration Options:
  • Complete customization including timeframe selection, moving average lengths, envelope parameters, label positioning, table sizing, and visual styling. Users can create personalized analysis setups tailored to specific trading timeframes and analytical preferences.


Practical Applications:
  • Suitable for trend confirmation across multiple timeframes, identification of dynamic support and resistance levels, multi-timeframe market structure analysis, and systematic market direction evaluation
  • The combination of traditional moving averages with adaptive envelope boundaries provides both classical technical analysis and modern algorithmic boundary detection


Usage Instructions:
  • Enable desired timeframes and moving averages based on your analysis period
  • The envelope provides dynamic support/resistance levels while moving averages indicate directional bias. Use repainting mode for current analysis or non-repainting mode for consistent historical signals. Adjust performance settings based on system requirements and analysis detail needs


Educational Purpose:
  • This indicator is designed for educational and analytical purposes. Users should conduct thorough testing and validation before incorporating this tool into trading decisions.

Penafian

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