OPEN-SOURCE SCRIPT

WMA 5/10/30/40/80/100

30
6 WMAs on the chart: 5, 10, 30, 40, 80, and 100 — each in its own color.

This indicator plots multiple Weighted Moving Averages (WMA) on the price chart: 5, 10, 30, 40, 80, and 100.
Shorter WMAs (5 & 10) react quickly to price changes and are useful for short-term trend detection.
Longer WMAs (30, 40, 80, 100) help identify medium- to long-term trends and dynamic support/resistance zones.
Traders often watch for crossovers between short-term and long-term WMAs as potential trade signals.

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