OPEN-SOURCE SCRIPT
Multi-Timeframe EMAs & WMAs

Multi-Timeframe EMAs & WMAs (MTF EMAWMA)
The Multi-Timeframe EMAs & WMAs (MTF EMAWMA) indicator is a comprehensive tool designed to provide a multi-dimensional view of market trends by plotting various Exponential Moving Averages (EMAs) and Weighted Moving Averages (WMAs) from different timeframes onto your current chart. This allows traders to quickly assess confluent support and resistance levels, identify trend strength, and gain a broader market perspective without switching timeframes.
Key Features:
Multiple EMAs and WMAs:
This indicator includes:
- EMA 200: Plotted from H1 and M15 timeframes.
- EMA 100: Plotted from H1, M30, and M15 timeframes.
- EMA 50: Plotted from H4, H1, M30, and M15 timeframes.
- WMA 720: Plotted from H4, H1, M30, M15, and M1 timeframes.
Multi-Timeframe Analysis: By displaying moving averages from various timeframes, the indicator helps in understanding the interplay of different trends and their potential impact on price action.
Visual Distinction: Each moving average type and its timeframe representation are color-coded and styled (solid vs. dashed lines) for easy identification and clarity on the chart.
EMA 200: Dark Red
EMA 100: Cyan/Teal
EMA 50: SaddleBrown
WMA 720: Orange
Recommended Usage:
This indicator is specifically tailored for XAU/USD (Gold). It is intended to be used as a confluence tool to complement your existing trading strategies and indicators. It is not designed to be used solely as an entry or exit signal. Instead, leverage the information provided by these multi-timeframe moving averages to:
- Identify major trend directions: Observe the alignment and slope of longer-term moving averages.
- Spot potential support and resistance zones: Price often reacts to these key moving average levels from higher timeframes.
- Confirm trade bias: Use the higher timeframe moving averages to confirm the direction of your trades on lower timeframes.
- Enhance risk management: Understand where strong levels might exist to place stop-losses or take-profits.
Always combine this indicator with other forms of analysis, such as price action, chart patterns, volume analysis, or other technical indicators, to make informed trading decisions.
Remark: The script and description were created by AI.
The Multi-Timeframe EMAs & WMAs (MTF EMAWMA) indicator is a comprehensive tool designed to provide a multi-dimensional view of market trends by plotting various Exponential Moving Averages (EMAs) and Weighted Moving Averages (WMAs) from different timeframes onto your current chart. This allows traders to quickly assess confluent support and resistance levels, identify trend strength, and gain a broader market perspective without switching timeframes.
Key Features:
Multiple EMAs and WMAs:
This indicator includes:
- EMA 200: Plotted from H1 and M15 timeframes.
- EMA 100: Plotted from H1, M30, and M15 timeframes.
- EMA 50: Plotted from H4, H1, M30, and M15 timeframes.
- WMA 720: Plotted from H4, H1, M30, M15, and M1 timeframes.
Multi-Timeframe Analysis: By displaying moving averages from various timeframes, the indicator helps in understanding the interplay of different trends and their potential impact on price action.
Visual Distinction: Each moving average type and its timeframe representation are color-coded and styled (solid vs. dashed lines) for easy identification and clarity on the chart.
EMA 200: Dark Red
EMA 100: Cyan/Teal
EMA 50: SaddleBrown
WMA 720: Orange
Recommended Usage:
This indicator is specifically tailored for XAU/USD (Gold). It is intended to be used as a confluence tool to complement your existing trading strategies and indicators. It is not designed to be used solely as an entry or exit signal. Instead, leverage the information provided by these multi-timeframe moving averages to:
- Identify major trend directions: Observe the alignment and slope of longer-term moving averages.
- Spot potential support and resistance zones: Price often reacts to these key moving average levels from higher timeframes.
- Confirm trade bias: Use the higher timeframe moving averages to confirm the direction of your trades on lower timeframes.
- Enhance risk management: Understand where strong levels might exist to place stop-losses or take-profits.
Always combine this indicator with other forms of analysis, such as price action, chart patterns, volume analysis, or other technical indicators, to make informed trading decisions.
Remark: The script and description were created by AI.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.