Multi EMA Indicator
- Indicators
- Ahmad Aghili Zadeh
- Version: 1.0
Overview
MultiEMA is a custom technical indicator that displays up to 5 different moving averages on the chart simultaneously. It provides traders with a comprehensive view of price trends across different timeframes, helping to identify potential trading opportunities and market trends.
Features
- Displays 5 customizable moving averages (MA1-MA5)
- Supports multiple MA types: EMA, SMA, SMMA, and LWMA
- Individual visibility control for each MA
- Customizable line widths for better visualization
- Color-coded MAs for easy identification
- Default periods: 5, 20, 50, 100, and 200
Input Parameters
MA1 (Fastest MA)
Parameter | Description | Default Value |
---|---|---|
Show_MA1 | Toggle visibility | true |
MA1_Period | Period | 5 |
MA1_Type | MA type | EMA |
MA1_Width | Line width | 2 |
MA2
Parameter | Description | Default Value |
---|---|---|
Show_MA2 | Toggle visibility | true |
MA2_Period | Period | 20 |
MA2_Type | MA type | EMA |
MA2_Width | Line width | 4 |
MA3
Parameter | Description | Default Value |
---|---|---|
Show_MA3 | Toggle visibility | true |
MA3_Period | Period | 50 |
MA3_Type | MA type | EMA |
MA3_Width | Line width | 4 |
MA4
Parameter | Description | Default Value |
---|---|---|
Show_MA4 | Toggle visibility | true |
MA4_Period | Period | 100 |
MA4_Type | MA type | EMA |
MA4_Width | Line width | 6 |
MA5 (Slowest MA)
Parameter | Description | Default Value |
---|---|---|
Show_MA5 | Toggle visibility | true |
MA5_Period | Period | 200 |
MA5_Type | MA type | EMA |
MA5_Width | Line width | 6 |
Visual Settings
- MA1: Black color, solid line
- MA2: Blue color, solid line
- MA3: Red color, solid line
- MA4: Orange color, solid line
- MA5: Yellow color, solid line
Usage
- Apply the indicator to any chart
- Configure the desired MA periods and types
- Adjust line widths and visibility as needed
- Use the MAs to identify:
- Trend direction
- Support and resistance levels
- Potential entry and exit points
- Crossovers for trading signals
Trading Applications
- Trend following
- Support/resistance identification
- Moving average crossovers
- Multiple timeframe analysis
- Price action confirmation
Technical Details
- Compatible with all timeframes
- Works with all symbols
- Updates in real-time
- Minimal impact on system resources