Multi-Timeframe 20 EMA Horizontal Lines

Overview
This Multi-Timeframe 20 EMA indicator provides intelligent trend analysis by displaying your current timeframe EMA alongside relevant higher timeframe EMA levels as horizontal support/resistance lines. On lower timeframes, you see all higher EMA levels for comprehensive multi-timeframe confluence, while on higher timeframes, it filters out lower timeframe noise to maintain focus on macro trends. This allows traders to align short-term entries with long-term market structure, identifying high-probability setups where multiple timeframe EMAs converge while using the current timeframe EMA for precise timing.

Feature
Multi-Timeframe Horizontal EMA Lines
The indicator fetches and displays 20 EMAs from five higher timeframes:

• Daily (D): Daily 20 EMA
  
• Weekly (W): Weekly 20 EMA
  
• Monthly (M): Monthly 20 EMA
  
• Quarterly (Q): 3-Month 20 EMA
  
• Half-Yearly (HY): 6-Month 20 EMA
  

Intelligent Timeframe Filtering

• Smart Display Logic: Only shows EMAs from timeframes higher than your current chart timeframe
  
• Prevents Redundancy: Automatically filters out lower timeframe EMAs to avoid clutter
  

Example: On a 4-hour chart, you'll see Daily, Weekly, Monthly, Quarterly, and Half-Yearly EMAs, but on a Weekly chart, you'll only see Weekly and higher timeframes

Half-Yearly (HY): 6-Month 20 EMA
Shows only current timeframe EMA with half-yearly horizontal line, filtering out all lower timeframes.


Quarterly (Q): 3-Month 20 EMA
Displays current timeframe EMA with quarterly and higher horizontal lines, hiding monthly, weekly, and daily EMAs.


Monthly (M): Monthly 20 EMA
Shows current timeframe EMA with monthly and higher horizontal EMAs, excluding weekly and daily timeframes.


Weekly (W): Weekly 20 EMA
Displays current timeframe EMA with weekly and higher horizontal EMA lines, filtering out daily timeframe.


Daily (D):
Shows current timeframe EMA with all higher timeframe horizontal EMAs (daily, weekly, monthly, quarterly, half-yearly).



Note: Make sure to enable Price-Line in Style Settings after Importing Script.