OPEN-SOURCE SCRIPT
Punji's Dynamic Monthly EMA/SMA 5,9,21,50
Punji's Dynamic Monthly EMA/SMA 5,9,21,50
Overview:
This indicator displays monthly timeframe moving averages as horizontal dotted lines extending to the right of your chart, regardless of what timeframe you're currently viewing. It includes four key monthly moving averages: EMA 5, EMA 9, EMA 21, and SMA 50.
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Key Features:
Clean Chart Design
Unlike traditional moving average lines that clutter your chart with curves across all candles, this indicator uses horizontal dotted lines that extend only from the current price level to the right edge of your screen. The dotted line style creates clear visual breaks while maintaining readability.
Multi-Timeframe Analysis
View monthly moving averages on any timeframe (1min, 5min, 15min, 1hr, 4hr, daily, weekly, etc.) without switching charts. Perfect for traders who want to see the highest timeframe context while trading any lower timeframe.
Fully Customizable
Professional Color Scheme
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Benefits of Horizontal Dotted Lines:
Reduced Visual Noise
Horizontal lines keep your price action clean and easy to read while still providing critical monthly support/resistance levels. The dotted style adds visual distinction without being overwhelming.
Focus on Current Monthly Levels
What matters most is where the monthly MAs are NOW relative to price - horizontal lines highlight this instantly without requiring you to trace curved lines backward through history.
Better Price Action Visibility
See candlestick patterns, volume profiles, and support/resistance levels clearly without MA lines crossing through them. Your chart remains uncluttered and analysis-ready.
Quick Reference for Monthly Context
Instantly identify if price is above or below key monthly moving averages without following curved lines across the chart. Perfect for all traders who need to respect monthly structure and major trend direction.
Professional Appearance
Clean, minimalist design with dotted lines preferred by institutional traders and technical analysts who value both aesthetics and functionality.
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Use Cases:
Position Traders & Investors
Monitor monthly moving averages for major trend direction and long-term support/resistance zones. Monthly levels are among the most significant in technical analysis.
Swing Traders
Track monthly moving averages as major dynamic support/resistance levels for position sizing and risk management. Monthly levels often represent the strongest market structure.
Multi-Timeframe Analysis
Combine with daily and weekly charts to see complete timeframe confluence. Monthly levels provide the macro trend context for all trading decisions.
Trend Identification
Quickly identify monthly trend direction and major reversal zones. When price is above all monthly MAs, the macro trend is bullish; below all MAs indicates bearish monthly structure.
Risk Management
Use monthly moving averages as ultimate stop-loss zones for long-term positions. Breaking monthly MAs often signals significant trend changes.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Technical Specifications:
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Best Practices:
Combine with PUNJI Dynamic Daily & Weekly EMA/SMA Indicators
For the ultimate multi-timeframe analysis, use this monthly indicator alongside "Punjis Dynamic Daily EMA/SMA 5,9,21,50,100,200 Levels" (solid lines) and "Punji's Dynamic Weekly EMA/SMA 5,9,21,50" (dashed lines). The three PUNJI indicators together provide complete insight into daily, weekly, and monthly market structure without cluttering your chart. Daily = Solid lines, Weekly = Dashed lines, Monthly = Dotted lines. This combination gives you a complete view of all major timeframe levels simultaneously.
Respect Monthly Structure
Monthly moving averages carry the most significant weight in technical analysis. Use them as major support/resistance zones and ultimate trend filters for all your trading decisions.
Customize to Your Strategy
Adjust the lengths and colors to match your personal trading methodology. Some traders prefer different EMA/SMA periods based on their market and investment timeframe.
Keep Charts Clean
Toggle off lines you're not actively using to maintain maximum chart clarity. The master toggle allows quick show/hide of all monthly levels.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
This indicator is perfect for traders and investors who want to maintain awareness of monthly market structure and major trend direction while keeping their charts clean, professional, and easy to read.
Overview:
This indicator displays monthly timeframe moving averages as horizontal dotted lines extending to the right of your chart, regardless of what timeframe you're currently viewing. It includes four key monthly moving averages: EMA 5, EMA 9, EMA 21, and SMA 50.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Key Features:
Clean Chart Design
Unlike traditional moving average lines that clutter your chart with curves across all candles, this indicator uses horizontal dotted lines that extend only from the current price level to the right edge of your screen. The dotted line style creates clear visual breaks while maintaining readability.
Multi-Timeframe Analysis
View monthly moving averages on any timeframe (1min, 5min, 15min, 1hr, 4hr, daily, weekly, etc.) without switching charts. Perfect for traders who want to see the highest timeframe context while trading any lower timeframe.
Fully Customizable
- Toggle each moving average on/off independently
- Adjust the period length for each MA (default: 5, 9, 21, 50)
- Customize colors for each line (default gradient: green → teal → yellow → red)
- Master toggle to show/hide all monthly lines at once
- All lines use dotted style for clear visual distinction
Professional Color Scheme
- EMA 5: Bright Green (#4CAF50)
- EMA 9: Teal (#009688)
- EMA 21: Yellow (#FFEB3B)
- SMA 50: Light Red (#FF6B6B)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Benefits of Horizontal Dotted Lines:
Reduced Visual Noise
Horizontal lines keep your price action clean and easy to read while still providing critical monthly support/resistance levels. The dotted style adds visual distinction without being overwhelming.
Focus on Current Monthly Levels
What matters most is where the monthly MAs are NOW relative to price - horizontal lines highlight this instantly without requiring you to trace curved lines backward through history.
Better Price Action Visibility
See candlestick patterns, volume profiles, and support/resistance levels clearly without MA lines crossing through them. Your chart remains uncluttered and analysis-ready.
Quick Reference for Monthly Context
Instantly identify if price is above or below key monthly moving averages without following curved lines across the chart. Perfect for all traders who need to respect monthly structure and major trend direction.
Professional Appearance
Clean, minimalist design with dotted lines preferred by institutional traders and technical analysts who value both aesthetics and functionality.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Use Cases:
Position Traders & Investors
Monitor monthly moving averages for major trend direction and long-term support/resistance zones. Monthly levels are among the most significant in technical analysis.
Swing Traders
Track monthly moving averages as major dynamic support/resistance levels for position sizing and risk management. Monthly levels often represent the strongest market structure.
Multi-Timeframe Analysis
Combine with daily and weekly charts to see complete timeframe confluence. Monthly levels provide the macro trend context for all trading decisions.
Trend Identification
Quickly identify monthly trend direction and major reversal zones. When price is above all monthly MAs, the macro trend is bullish; below all MAs indicates bearish monthly structure.
Risk Management
Use monthly moving averages as ultimate stop-loss zones for long-term positions. Breaking monthly MAs often signals significant trend changes.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Technical Specifications:
- Pine Script v5
- Timeframe: Monthly (M)
- Moving Averages: EMA 5, EMA 9, EMA 21, SMA 50
- Line Style: Dotted (all lines)
- Line Width: 2
- Overlay: True (displays on main chart)
- Resource Usage: Minimal (4 security calls)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Best Practices:
Combine with PUNJI Dynamic Daily & Weekly EMA/SMA Indicators
For the ultimate multi-timeframe analysis, use this monthly indicator alongside "Punjis Dynamic Daily EMA/SMA 5,9,21,50,100,200 Levels" (solid lines) and "Punji's Dynamic Weekly EMA/SMA 5,9,21,50" (dashed lines). The three PUNJI indicators together provide complete insight into daily, weekly, and monthly market structure without cluttering your chart. Daily = Solid lines, Weekly = Dashed lines, Monthly = Dotted lines. This combination gives you a complete view of all major timeframe levels simultaneously.
Respect Monthly Structure
Monthly moving averages carry the most significant weight in technical analysis. Use them as major support/resistance zones and ultimate trend filters for all your trading decisions.
Customize to Your Strategy
Adjust the lengths and colors to match your personal trading methodology. Some traders prefer different EMA/SMA periods based on their market and investment timeframe.
Keep Charts Clean
Toggle off lines you're not actively using to maintain maximum chart clarity. The master toggle allows quick show/hide of all monthly levels.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
This indicator is perfect for traders and investors who want to maintain awareness of monthly market structure and major trend direction while keeping their charts clean, professional, and easy to read.
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.
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.
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.