OPEN-SOURCE SCRIPT
Horizontal Line At Daily Moving Averages
This script allows you to see the major daily moving average levels on a smaller time frame.
One challenge with day trading is, when trading on a smaller time frame, you are not paying as much attention to the daily price levels. One solution might be to select a chart layout on Tradingview which allows you to see both the daily and a smaller time frame at the same time. However, this approach takes up valuable screen space. All you are really looking for is the significant daily price level and the price action near that level. This script allows you to merge the 2 goals on 1 chart. You have the smaller time frame open to monitor detailed price action and horizontal lines at the major moving average levels.
Red: 9 EMA
Navy: 20 MA
Green: 50 MA
Blue: 100 MA
Purple: 200 MA
One challenge with day trading is, when trading on a smaller time frame, you are not paying as much attention to the daily price levels. One solution might be to select a chart layout on Tradingview which allows you to see both the daily and a smaller time frame at the same time. However, this approach takes up valuable screen space. All you are really looking for is the significant daily price level and the price action near that level. This script allows you to merge the 2 goals on 1 chart. You have the smaller time frame open to monitor detailed price action and horizontal lines at the major moving average levels.
Red: 9 EMA
Navy: 20 MA
Green: 50 MA
Blue: 100 MA
Purple: 200 MA
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.