This type of MA Indicator for weekly, monthly or quarterly?

Anyone here has this type of MA for the weekly or monthly or quarterly?
It really helps me trading daily but if weekly and monthly ma is shown.
More information would be made and can help to know direction and positioning.

Here is a picture where the purple resets everyday.


Any price above the ma is a buy for the day until the day ends or sell if below.
If this can be done weekly or monthly that would really help me

Indicator is attached for those willing to help.

Hi,
Can you explain how you trade with the indicator? If it's not too complicated I might be able to help

Regards

Hi laikos. According to where I got the indicator. It is used for intraday trading(useful day to day trading).

The purple line is a MA calculated from the start of the day and resets everyday.
Any price above the ma is a buy and any price below is a sell. (Trend Trading)
When its goes back and forth up and down from the ma, then the day is ranging.

If you can help me get a version for weekly and monthly that would be helpful.

@laikos
I've uploaded the 15 minute TimeFrame and the Daily TimeFrame of EURUSD for comparison. so, that you would understand better.
This is the most recent price action. Last 2 Trading Days.

15MIN TF


Broker Start Time for the Day is 00:00. That is what the two Vertical lines are for.
You can see ma resets at the start of the day with the sudden rise.

As you can see on Day One. Any price lower is a sell and any price higher is a buy.
Day Two is ranging but most price bars are lower than MA. So, you have a higher chance of a sell.

Daily TF


This is what those two days look like in the daily.

This indicator is good for Intraday trading.(Day to day)
I'm looking to make it weekly and monthly but I don't know how.
Anyone willing to help me?

Hi Lechugas,

I look into the code for the indicator is EMA 24 that 19/18 that reset everyday. To change to a weekly, on D1 it is similar with EMA 7
and for Monthly it will be EMA 30 on D1.

Regards

Hello, laikos. Thanks for replying but I do not get what you are saying.
What is 19/18?
Also, The indicator has this option in default.
"Ma_method=1"
0- SMA 1- EMA 2- SMMA 3-LWMA


Using the regular MA by MT4 is not equal to the day indicator.
I have an example attached.
15 Min TF 96MA = 1440 mins. 1440 mins = 1 day.
Yellow is MT4 EMA 96 Period applied to close
Purple is the Day Indicator EMA (Period is the indicator's calculation for that day which starts at broker's start time 00:00) applied to close.



This means using the regular MT4 MA for weekly or monthy purposes will not actually equal to the weekly or monthly ma computation for this indicator.
So, D1 TF 30 EMA for monthly computation will not equal to the supposed "reset every week/month ma" indicator.

Hi Lechugas,
What I mean is something something like in the chart below:

Regards
Laikos

I don`t have the indicator you need, as a matter of fact your post is probably the second I ever saw on the concept of trading purely intraday.
However that`s a wonderful idea in my opinion, its logical and objective. I also seek to trade the price activity only in the context of the current day (sometimes in relation to the previous day). This helped me greatly due to the fact that I don`t have to look for old forgotten support/resistance. I am able to trade in the moment by taking in to consideration the swing lows/highs made through out the day.

Something like this...showing the rolling MA for the week, resetting at the start of each week?

Yeah like that.

This is an old indicator that shows the rolling weekly MA. It is hard-coded for a NYC-time broker. Seems to be working fine on H1 and below charts. I'll leave it up to you to adapt for your specific needs.