This tool is visualizing Mariusz Maciej Drozdowski's (MMD) clouds; it's is based on pairs of EMA + SMA that define the trend and potential resistance & support zones.
Diamond marking is tuned to show only very clear formations consisting on one inner diamond (swing diamonds are out). This way you get much better (reliable) diamonds, but miss some less obvious.
Release Notes
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* tickerid is used instead of ticker so that synthetic instruments are supported (A/B, etc.) * Updated the script to V4
Release Notes
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Cleared section for calculating diamonds and make it more strict