OPEN-SOURCE SCRIPT
Daily 12/21 EMA Overlay
Daily 12/21 EMA Overlay
This indicator projects the daily 12 and 21 EMAs onto any timeframe as a soft, semi-transparent band. It is designed to give a constant higher-timeframe bias and dynamic support/resistance reference while you execute your systems on lower timeframes (4H, 1H, 15m, etc.).
The script uses request.security() to calculate the 12/21 EMAs on the daily chart only, then overlays those values on your current timeframe without recalculating them locally. This means the band always represents the true daily 12/21 EMAs, regardless of the chart you are viewing.
Key Features:
Fixed daily 12/21 EMA band, visible on all timeframes
Faded lines and fill to keep focus on your active intraday tools
Simple, minimal inputs (fast length, slow length, colors, band visibility)
Ideal as a higher-timeframe “backdrop” for systems built around EMA trend, rejections, or liquidity sweeps
How to Use
Add the indicator on any symbol and timeframe
Keep your normal intraday EMAs (e.g., EMA 12/21) for execution
Note: You can change the bands to not just be 12 or 21, you can change them if needed for your own systems or emas that you use.
This tool is intentionally lightweight: it does one job—showing the true daily EMA structure across all timeframes—and leaves trade execution logic to your primary system.
This indicator projects the daily 12 and 21 EMAs onto any timeframe as a soft, semi-transparent band. It is designed to give a constant higher-timeframe bias and dynamic support/resistance reference while you execute your systems on lower timeframes (4H, 1H, 15m, etc.).
The script uses request.security() to calculate the 12/21 EMAs on the daily chart only, then overlays those values on your current timeframe without recalculating them locally. This means the band always represents the true daily 12/21 EMAs, regardless of the chart you are viewing.
Key Features:
Fixed daily 12/21 EMA band, visible on all timeframes
Faded lines and fill to keep focus on your active intraday tools
Simple, minimal inputs (fast length, slow length, colors, band visibility)
Ideal as a higher-timeframe “backdrop” for systems built around EMA trend, rejections, or liquidity sweeps
How to Use
Add the indicator on any symbol and timeframe
Keep your normal intraday EMAs (e.g., EMA 12/21) for execution
Note: You can change the bands to not just be 12 or 21, you can change them if needed for your own systems or emas that you use.
This tool is intentionally lightweight: it does one job—showing the true daily EMA structure across all timeframes—and leaves trade execution logic to your primary system.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.