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This script plots a set of multitimeframe moving averages for a certain moving average period (the default period is 200).
The user can select tye type of moving average ( SMA , EMA , or WMA ).
For example, suppose you select a SMA 200. Then you can see on the chart the SMA 200 for the following timeframes: M1 , M5, M15, M30, H1, H4, 1D and 1W, independently of the current timeframe.
Notice that plotting the SMA 200 M1 doesn't make sense in a H4 or daily timeframe , since it would overlap with the candles. It's not worth plotting it.
Thus, smaller timeframes moving averages are removed automatically from higher timeframes.
The user can select tye type of moving average ( SMA , EMA , or WMA ).
For example, suppose you select a SMA 200. Then you can see on the chart the SMA 200 for the following timeframes: M1 , M5, M15, M30, H1, H4, 1D and 1W, independently of the current timeframe.
Notice that plotting the SMA 200 M1 doesn't make sense in a H4 or daily timeframe , since it would overlap with the candles. It's not worth plotting it.
Thus, smaller timeframes moving averages are removed automatically from higher timeframes.
Notas de prensa:
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