OPEN-SOURCE SCRIPT

Multiple Smas and timeframes

58
Indicator Title: Multiple SMAs Across Custom Timeframes

Short Title: Multi-Timeframe SMAs

Description:
The "Multiple SMAs Across Custom Timeframes" indicator is designed for traders who want to visualize Simple Moving Averages (SMAs) across multiple timeframes on a single chart or synchronize SMA configurations across different chart windows. This Pine Script indicator allows users to plot two groups of SMAs (each with three customizable periods: shorter, middle, and longest) on user-defined timeframes, making it ideal for multi-timeframe analysis. For example, you can display 20, 50, and 200-period SMAs calculated on a 2-minute or 1-hour timeframe, ensuring consistent SMA visualization across charts like 30-minute, 5-minute, and 1-minute windows for assets like QQQ.
Key Features:
Two SMA Groups: Configure two independent groups of SMAs, each with three periods (e.g., 20, 50, 200) for flexible analysis.

Custom Timeframes: Set distinct timeframes for each SMA group (e.g., 2 minutes, 1 hour) to align with your trading strategy.

Dashed Line Option: Toggle dashed or solid lines for each SMA group to differentiate them visually.

Timeframe Conversion: Automatically adjusts SMA calculations based on the chart’s timeframe, supporting minute, daily, weekly, and monthly charts.

Color-Coded SMAs: Each SMA is plotted with distinct colors (orange, purple, blue) for easy identification.

Performance Optimization: Limits SMA calculations to periods under 5000 bars to prevent performance issues.

How It Works:
The script calculates SMAs by scaling the input periods based on the ratio between the user-specified timeframe and the chart’s timeframe. For instance, a 20-period SMA on a 2-minute timeframe displayed on a 1-minute chart will adjust to reflect the equivalent number of 1-minute bars. The indicator supports seamless visualization across multiple chart windows, ensuring consistent SMA configurations. Group 1 and Group 2 SMAs can be set to different timeframes, allowing simultaneous analysis of short-term and long-term trends.
Inputs:
SMA Group 1:
Shorter SMA (default: 20)

Middle SMA (default: 50)

Longest SMA (default: 200)

Use Dashed Line (default: false)

Timeframe (default: 2 minutes)

SMA Group 2:
Shorter SMA (default: 20)

Middle SMA (default: 50)

Longest SMA (default: 200)

Use Dashed Line (default: false)

Timeframe (default: 60 minutes)

Use Case:
Perfect for traders analyzing assets like QQQ across multiple timeframes (e.g., 30-minute, 5-minute, 1-minute charts). Set Group 1 to calculate SMAs (20, 50, 200) on a 2-minute timeframe and Group 2 on a 1-hour timeframe. Apply the indicator to all chart windows to maintain consistent SMA visualization, aiding in trend identification and cross-timeframe confirmation.
Notes:
Timeframe inputs are ignored on weekly or monthly charts, as the script adapts to the chart’s native timeframe.

Ensure SMA periods, when scaled, do not exceed 5000 bars to maintain performance.

Use the dashed line option to visually distinguish between SMA groups when analyzing multiple timeframes.

Ideal For:
Multi-timeframe traders

Trend-following strategies

Swing and day trading

Technical analysts seeking synchronized SMA displays across chart windows

Enhance your trading with precise, timeframe-adjusted SMA visualizations and streamline your multi-chart analysis with this versatile indicator!

Explain timeframe conversion

Exponential Moving Averages

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.