Multi-Timeframe EMA Distance & % Change Table

15. Aug.

Description of Multi-Timeframe EMA Distance & % Change Table

The Multi-Timeframe EMA Distance & % Change Table indicator is designed to display the distance and percentage change between the current price and the Exponential Moving Averages (EMAs) on multiple timeframes. It creates a table to show these values, with customizable options for decimal precision.

Key Features:

• Inputs:
  - Timeframes (tf1, tf2, tf3, tf4): User-defined timeframes for EMA calculations (e.g., 1 minute, 15 minutes, daily, etc.).
  - EMA Levels (emaLevel, emaLevel2, emaLevel3): User-defined periods for three different EMAs.
  
  
• EMA Calculations:
  - Computes EMAs for the specified levels (50, 100, 200) on each of the user-selected timeframes.
  
  
• Plotting:
  - Plots the EMAs on the chart with distinct colors: Orange, Teal, and Green for different EMAs.
  
  
• Display Options:
  - Checkbox (displayAsPercentage): Allows the user to toggle between displaying distances or percentage changes.
  - Decimal Precision:
  - decimalPlacesDistance: Specifies the number of decimal places for rounded distance values.
  - decimalPlacesPercentage: Specifies the number of decimal places for rounded percentage values.
  
  
• Table Creation:
  - Location: Table is placed in the top-right corner of the chart.
  - Headers: Includes columns for each timeframe and EMA distance/percentage.
  
  
• Distance and Percentage Calculations:
  - Distances: Calculated as the difference between the current price and the EMA values for each timeframe.
  - Percentages: Calculated as the distance divided by the EMA value, converted to a percentage.
  
  
• Decimal Rounding:
  - Custom Rounding Function: Ensures that distance and percentage values are displayed with the user-specified number of decimal places.
  
  
• Color Coding:
  - Distance Values: Colored green if positive, red if negative.
  - Table Entries: Display either the rounded distance or percentage, based on user selection.
  
  
• Table Update:
  - The table is dynamically updated with either distance or percentage values based on the user's choice and rounded to the specified number of decimal places.
  

This indicator provides a comprehensive overview of EMA distances and percentage changes across multiple timeframes, with detailed control over the precision of the displayed values.