MTF 3 Moving Averages (EMA & SMA)

The MTF 3 Moving Averages (EMA & SMA) indicator provides a streamlined way to track three distinct moving averages from higher timeframes on a single chart to identify significant support, resistance, and trend direction.

Usage

The Usage section describes how the script can be used, particularly for identifying institutional levels and trend confluence across multiple time horizons. By default, traders can project daily (1D) moving averages onto intraday charts such as the 1H or 4H timeframes.

Common applications include:

• Trend Identification: Using the 200-period EMA from a higher timeframe to determine the primary market bias.
• Dynamic Support/Resistance: Identifying areas where price may react based on higher-tier moving averages (e.g., the 50, 100, or 200 EMA/SMA).
• Confluence Trading: Enabling both SMA and EMA simultaneously to find price "zones" where both calculation methods align.

Details

The script utilizes the request.security function to fetch data from a user-defined timeframe. It calculates three separate lengths for both Simple Moving Averages (SMA) and Exponential Moving Averages (EMA). Users can toggle the visibility of the SMA and EMA lines independently, allowing for a total of six potential lines on the chart or a simplified view of just three. The script includes built-in alert conditions for crossovers and crossunders between the first two moving average lengths to assist in trend reversal identification.

Settings

• Use Current Chart Resolution?: When enabled, the indicator calculates averages based on the current chart timeframe. When disabled, it uses the timeframe specified in the custom setting below.
• Use Different Timeframe?: Specifies the higher timeframe (e.g., Daily, Weekly) from which the moving averages are pulled.
• EMA 1 / 2 / 3: Sets the lookback period for the three moving averages (Default: 50, 100, 200).
• Show MA: Toggles the visibility of the Simple Moving Averages.
• Show EMA: Toggles the visibility of the Exponential Moving Averages.

FAQ

How do I change the higher timeframe values? You can adjust the timeframe in the settings menu by unchecking "Use Current Chart Resolution" and selecting your desired period (e.g., "D" for Daily) in the dropdown menu.

Can I view both SMA and EMA at the same time? Yes, by checking both the "Show MA" and "Show EMA" boxes in the settings, the script will plot both calculation types for all three lengths.

How can I access the MTF 3 Moving Averages (EMA & SMA) indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.