Made a new version of my trading system. I have added a cloud that is made with 45 EMA and 104 MA. Now you can choose where to set trailing stop. As shown in the example you set trailing stop under the cloud.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
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//Created By User Hausky study(title="Ichimoku-Hausky_v2", shorttitle="Ichi-Hausky_v2", overlay=true) turningPeriods = input(50, minval=1, title="Tenkan-Sen") standardPeriods = input(100, minval=1, title="Kinjun-Sen") EMA = input(45, minval=1, title="EMA") MA = input(104, minval=1, title="MA") sts = input(true, title="Show Tenkan-Sen") sks = input(true, title="Show Kinjun-Sen") //Definitions for Tenkan-Sen (50 Period), Kinjun-Sen (100 Period) donchian(len) => avg(lowest(len), highest(len)) turning = donchian(turningPeriods) standard = donchian(standardPeriods) //Plot Kijun-sen and Tenkan-sen plot(sts and turning ? turning : na, title = 'Tenkan-Sen', linewidth=2, color=green) plot(sks and standard ? standard : na, title = 'Kinjun-Sen', linewidth=2, color=blue) //Definitions for EMA fPivot = ((high + low + close)/3) fEMA = ema(fPivot, EMA) //Definitions for MA cMA = sma(close, MA) //Plot EMA and MA cloud p1=plot(fEMA, color=fuchsia, title="EMA", linewidth=2) p2=plot(cMA, color=orange, title="MA", linewidth=2) //Fill fill(p1, p2, color=blue, transp=75)