Dynamic 5DMA/EMA with Color for Multiple Products

🔹 Dynamic 5DMA/EMA with Slope-Based Coloring (All Timeframes)
This indicator plots a dynamic 5-period moving average that adapts intelligently to your chart's timeframe and product type — giving you a clean, slope-sensitive visual edge across intraday, daily, and weekly views.

✅ Key Features:
📈 Dynamic MA Length Scaling:
On intraday timeframes, the MA adjusts for your selected market session (RTH, ETH, VIX, or Futures), calculating a true 5-day average based on actual session length — not just a flat bar count.

🔄 Automatic Timeframe Detection:

Daily Chart: Uses standard 5DMA or 5EMA.

Weekly Chart: Applies a true 5-week MA.

Intraday Charts: Converts 5 days into bar-length equivalent dynamically.

🎨 Color-Coded Slope Logic:

Green = Rising MA (bullish slope)

Red = Falling MA (bearish slope)

Neutral slope = previous color held for visual continuity
No more guessing — direction is instantly clear.

⚠️ Built-In Slope Flip Alerts:
Set alerts when the slope of the MA turns up or down. Ideal for timing pullback entries or exits across any product.

⚙️ Session Settings for Proper Scaling:
Choose your product's market structure to ensure accurate 5-day conversion on intraday charts:

Stocks - RTH: 390 mins/day

Stocks - ETH: 780 mins/day

VIX: 855 mins/day

Futures: 1440 mins/day

This ensures the MA reflects 5 full trading days, regardless of session irregularities or bar interval.

📌 Why Use This Indicator?
Most MAs misrepresent trend direction on intraday charts because they assume static daily bar counts. This tool corrects that, then adds slope-based coloring to give you a fast, visual read on short-term momentum. Whether you’re swing trading SPY, scalping VIX, or position trading futures, this indicator keeps your view aligned with how institutions see moving averages across timeframes.

🔧 Best For:

VIX & volatility traders

Short-term SPY/SPX traders

Swing traders who value clean setups

Anyone wanting a true 5-day trend anchor on any chart