Snagprofit WMA MA calculates and plots weighted moving averages across multiple timeframes (1-minute, 5-minute, 15-minute, and 1-hour) alongside a chart-period simple moving average.
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 evaluates directional alignment between these moving averages and checks for relative volume spikes. An on-screen table displays short-term, mid-term, and long-term momentum statuses along with volume conditions directly on the price chart.
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
20
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 25 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
lookback window 2:
int
21
window2
lookback window 1:
int
8
window1
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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