OPEN-SOURCE SCRIPT
TM Cloud 5/50EMAs
A collection of moving averages to form a green/red cloud/trend signal and areas of support and resistance accordingly
4 EMAs (5, 13, 21 & 50)
1 SMA (200)
Green/Red Cloud is formed based on location of 5ema and 50ema. Cloud is green when the 5ema is above the 50ema and red when the 5ema is below. The color of the cloud dictates support or resistance nature of the area.
4 EMAs (5, 13, 21 & 50)
1 SMA (200)
Green/Red Cloud is formed based on location of 5ema and 50ema. Cloud is green when the 5ema is above the 50ema and red when the 5ema is below. The color of the cloud dictates support or resistance nature of the area.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.