PROTECTED SOURCE SCRIPT
2 EMA Cloud by LuigiTradez
☁️ Dynamic Color EMA Cloud (v6) Indicator Description
This Pine Script v6 indicator creates a visually powerful EMA Cloud that dynamically changes color based on the prevailing short-term trend, making it an excellent tool for trend confirmation, support, and resistance identification.
Key Features
Dynamic Cloud Coloring: The cloud automatically changes its fill color when the Fast EMA crosses the Slow EMA.
Bullish Cloud: Activated when the **Fast EMA is above the Slow EMA** (uptrend).
Bearish Cloud: Activated when the **Fast EMA is below the Slow EMA** (downtrend).
Full Customization: All key parameters are exposed in the indicator settings for easy adjustment.
Trend Background: An optional, very light background color is plotted to reinforce the current trend direction across the entire chart.
🛠️ How to Use the Indicator
The EMA Cloud primarily serves as a visual filter and a dynamic zone of support/resistance.
1. Trend Confirmation: Use the cloud color to confirm the trend direction. A green (bullish) cloud suggests an uptrend is in effect, while a red (bearish) cloud suggests a downtrend.
2. Support and Resistance: The cloud itself acts as a dynamic zone.
* In an uptrend, prices pulling back into the Bullish Cloud often find support there.
* In a downtrend, prices rallying into the Bearish Cloud often find resistance there.
3. Crossover Signal: The moment the cloud color flips (e.g., from red to green), it signals a potential major trend shift as the fast-moving EMA has crossed the slower-moving EMA.
This Pine Script v6 indicator creates a visually powerful EMA Cloud that dynamically changes color based on the prevailing short-term trend, making it an excellent tool for trend confirmation, support, and resistance identification.
Key Features
Dynamic Cloud Coloring: The cloud automatically changes its fill color when the Fast EMA crosses the Slow EMA.
Bullish Cloud: Activated when the **Fast EMA is above the Slow EMA** (uptrend).
Bearish Cloud: Activated when the **Fast EMA is below the Slow EMA** (downtrend).
Full Customization: All key parameters are exposed in the indicator settings for easy adjustment.
Trend Background: An optional, very light background color is plotted to reinforce the current trend direction across the entire chart.
🛠️ How to Use the Indicator
The EMA Cloud primarily serves as a visual filter and a dynamic zone of support/resistance.
1. Trend Confirmation: Use the cloud color to confirm the trend direction. A green (bullish) cloud suggests an uptrend is in effect, while a red (bearish) cloud suggests a downtrend.
2. Support and Resistance: The cloud itself acts as a dynamic zone.
* In an uptrend, prices pulling back into the Bullish Cloud often find support there.
* In a downtrend, prices rallying into the Bearish Cloud often find resistance there.
3. Crossover Signal: The moment the cloud color flips (e.g., from red to green), it signals a potential major trend shift as the fast-moving EMA has crossed the slower-moving EMA.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
LuigiTradez
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
LuigiTradez
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.