Moving Average Channel plots separate simple moving averages for upper and lower bands on the price chart. It fills the space between bands with semi-transparent color and colors bars green above the upper band, red below the lower band, or gray in between. Us
Indicator · Pine Script v4 · On the chart
5 EMAs
5 EMAs is an overlay indicator that fetches and plots high and low price levels from a selected higher timeframe directly on the main price chart.
Repaints
GitHub stars11on the repository
Pine versionv4older, still runs
Lines of code23
Settings7inputs
LicenceMIT
Last update2 years ago11 Dec 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
23 lines of Pine Script v4 from indicator/defaultStudy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © yesgoods
//@version=4
study(title="5 EMAs", shorttitle="5MA", overlay=true)
// Variables {
src = input(title="Source", type=input.source, defval=hlc3)
timeFrame = input(title="Time Frame", type=input.resolution, defval="W")
timeFrame1 = input(title="Time Frame 1", type=input.resolution, defval="5")
timeFrame2 = input(title="Time Frame 2", type=input.resolution, defval="15")
timeFrame3 = input(title="Time Frame 3", type=input.resolution, defval="30")
timeFrame4 = input(title="Time Frame 4", type=input.resolution, defval="120")
timeFrame5 = input(title="Time Frame 5", type=input.resolution, defval="D")
//}
symbolHigh = security(syminfo.tickerid, timeFrame, high)
symbolLow = security(syminfo.tickerid, timeFrame, low)
plot(symbolHigh, color=color.green)
plot(symbolLow, color=color.red)
Overview
Although the inputs configure multiple timeframe resolutions, the script calculates and draws the upper and lower price bounds for the primary designated timeframe setting. This helps traders monitor key price boundaries from larger timeframes. The plotted higher timeframe levels update dynamically during active real-time bars.
- Higher timeframe high and low price level plotting
- Configurable timeframe resolution parameters
- Customizable source inputs
Details
Published by
hirawatt on GitHub
Code credit
yesgoods, as written in the script's header
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Topics
pinescriptpinescript-indicatorspinescript-strategiestradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | hlc3 | src |
| Time Frame | timeframe | W | timeFrame |
| Time Frame 1 | timeframe | 5 | timeFrame1 |
| Time Frame 2 | timeframe | 15 | timeFrame2 |
| Time Frame 3 | timeframe | 30 | timeFrame3 |
| Time Frame 4 | timeframe | 120 | timeFrame4 |
| Time Frame 5 | timeframe | D | timeFrame5 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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