Punji's Dynamic Weekly EMA/SMA 5,9,21,50

Punji's Dynamic Weekly EMA/SMA 5,9,21,50

Overview:

This indicator displays weekly timeframe moving averages as horizontal dashed lines extending to the right of your chart, regardless of what timeframe you're currently viewing. It includes four key weekly moving averages: EMA 5, EMA 9, EMA 21, and SMA 50.

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Key Features:

Clean Chart Design

Unlike traditional moving average lines that clutter your chart with curves across all candles, this indicator uses horizontal dashed lines that extend only from the current price level to the right edge of your screen. The dashed line style creates clear visual breaks while maintaining readability.

Multi-Timeframe Analysis

View weekly moving averages on any intraday timeframe (1min, 5min, 15min, 1hr, 4hr, daily, etc.) without switching charts. Perfect for traders who want to see higher timeframe context while trading shorter timeframes.

Fully Customizable

• []Toggle each moving average on/off independently []Adjust the period length for each MA (default: 5, 9, 21, 50) []Customize colors for each line (default gradient: green → teal → yellow → red) []Master toggle to show/hide all weekly lines at once
• All lines use dashed style for clear visual distinction

Professional Color Scheme

• []EMA 5: Bright Green (#4CAF50) []EMA 9: Teal (
  #009688) []EMA 21: Yellow (#FFEB3B) []SMA 50: Light Red (
  #FF6B6B)

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Benefits of Horizontal Dashed Lines:

Reduced Visual Noise

Horizontal lines keep your price action clean and easy to read while still providing critical weekly support/resistance levels. The dashed style adds visual interest without being overwhelming.

Focus on Current Weekly Levels

What matters most is where the weekly MAs are NOW relative to price - horizontal lines highlight this instantly without requiring you to trace curved lines backward through history.

Better Price Action Visibility

See candlestick patterns, volume profiles, and support/resistance levels clearly without MA lines crossing through them. Your chart remains uncluttered and analysis-ready.

Quick Reference for Weekly Context

Instantly identify if price is above or below key weekly moving averages without following curved lines across the chart. Perfect for intraday traders who need to respect weekly structure.

Professional Appearance

Clean, minimalist design with dashed lines preferred by institutional traders and technical analysts who value both aesthetics and functionality.

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Use Cases:

Day Traders

Monitor higher timeframe weekly levels on intraday charts (5min, 15min, 1hr) to stay aware of major support/resistance zones and trend direction from the weekly perspective.

Swing Traders

Track weekly moving averages as dynamic support/resistance levels for position entries and exits. Weekly levels often act as strong magnets for price action.

Multi-Timeframe Analysis

Combine with daily or 4-hour charts to see multiple timeframe confluence without cluttering your workspace with overlapping curved lines.

Trend Identification

Quickly identify weekly trend direction and potential reversal zones. When price is above all weekly MAs, the weekly trend is bullish; below all MAs indicates bearish weekly structure.

Clean Workspace Trading

Ideal for price action traders who need clean charts for pattern recognition, order flow analysis, and technical setups without visual interference from traditional moving averages.

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Technical Specifications:

• []Pine Script v5 []Timeframe: Weekly (W) []Moving Averages: EMA 5, EMA 9, EMA 21, SMA 50 []Line Style: Dashed (all lines) []Line Width: 2 []Overlay: True (displays on main chart)
• Resource Usage: Minimal (4 security calls)

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Best Practices:

Combine with PUNJI Dynamic Daily EMA/SMA Indicator

Use this alongside "Punjis Dynamic Daily EMA/SMA 5,9,21,50,100,200 Levels" for complete multi-timeframe analysis. The daily indicator uses solid lines while this weekly indicator uses dashed lines for easy visual distinction. Together, they provide comprehensive insight into both daily and weekly market structure without cluttering your chart.

Respect Weekly Structure

Weekly moving averages carry significant weight in the market. Use them as major support/resistance zones and trend filters for your trading decisions.

Customize to Your Strategy

Adjust the lengths and colors to match your personal trading methodology. Some traders prefer different EMA/SMA periods based on their market and timeframe.

Keep Charts Clean

Toggle off lines you're not actively using to maintain maximum chart clarity. The master toggle allows quick show/hide of all weekly levels.

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This indicator is perfect for traders who want to maintain awareness of weekly market structure while keeping their charts clean, professional, and easy to read.