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Indicator · Pine Script v5 · On the chart
Snagprofit WMA MA
Snagprofit WMA MA is a multi-timeframe trend indicator overlaid on the price chart.
Repaints
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code505
Settings23inputs
LicenceNone stated
Last update4 years ago25 Jul 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Snagprofit WMA MA calculates a weighted moving average across 1-minute, 5-minute, 15-minute, and 1-hour timeframes alongside a simple moving average on the active chart. Momentum shapes signal directional breaks above or below prior extreme levels relative to the main SMA. A dashboard table tracks short-, mid-, and long-term WMA alignment and volume spikes. Higher-timeframe calculations update dynamically and repaint on historical bars.
- Multi-timeframe WMA trend analysis
- SMA momentum signal shapes
- On-screen dashboard status table
- Volume surge detection
Details
Published by
dearvn on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Trend, Screeners & dashboards
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Topics
futurestrading-strategiestradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 125 | len_wma |
| Moving Average | int | 50 | len_sma |
| Panel position | string | top | i_tableYpos |
| i_tableXpos | string | right | i_tableXpos |
| Buy | color | color.new(color.green, 30) | i_c_buy |
| Sell | color | color.new(color.red, 10) | i_c_sell |
| Neutral | color | color.new(color.gray, 30) | i_c_neutral |
| Extend previous S/R? | bool | true | ExtendLines |
| Show Time Frame Label? | bool | true | ShowLabel |
| Label Location | string | Right | label_loc |
| Right Label Offset | int | 15 | label_offset |
| S/R Line Style (H/L) | string | Solid | LineStyleHLInput |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| S/R Line Width (H/L) | int | 1 | LineWidthHLInput |
| S/R Line Style (Close) | string | Solid | LineStyleCloseInput |
| S/R Line Width (Close) | int | 1 | LineWidthCloseInput |
| Display Lines Only, With Zones, or Disable ................ | string | S/R Zones | TF1_Menu |
| Time Frame 1 | string | Chart | TF1_input |
| Volume MA - Threshold | int | 6 | TF1_VolMA1Input |
| Resistance Lines Color | color | color.new(color.red, 20) | TF1_ResLinesColor |
| Resistance Zone Color | color | color.new(color.red, 90) | TF1_ResZoneColor |
| ...................... Support Lines Color | color | color.new(color.lime, 20) | TF1_SupLinesColor |
| ...................... Support Zone Color | color | color.new(color.lime, 90) | TF1_SupZoneColor |
| Alerts | string | None | TF1_Alerts |
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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