OPEN-SOURCE SCRIPT
[JL] High-Low Cloud
Just got this idea and made this one.
Default use 1-hour chart to watch 5-hour, daily and weekly high-low. Of course you can set up any parameters as you like.
It is more like an art. So I do not really know how to use it to trade at this moment. If you have good ideas, feel free to post comments. Thanks.
- Green cloud, SMA - Weekly HL ~ SMA - Daily HL
- Lime cloud, SMA - Daily HL ~ SMA - 5-Hour HL
- White cloud, SMA - 5-Hour HL ~ SMA + 5-Hour HL
- Organge cloud, SMA + 5-Hour HL ~ SMA + Daily HL
- Red Cloud, SMA + Daily HL ~ SMA + Weekly HL
To watch it, probably take care of :
- Angles
- cloud size changes
- divergence
- Oversold, overbought
Default use 1-hour chart to watch 5-hour, daily and weekly high-low. Of course you can set up any parameters as you like.
It is more like an art. So I do not really know how to use it to trade at this moment. If you have good ideas, feel free to post comments. Thanks.
- Green cloud, SMA - Weekly HL ~ SMA - Daily HL
- Lime cloud, SMA - Daily HL ~ SMA - 5-Hour HL
- White cloud, SMA - 5-Hour HL ~ SMA + 5-Hour HL
- Organge cloud, SMA + 5-Hour HL ~ SMA + Daily HL
- Red Cloud, SMA + Daily HL ~ SMA + Weekly HL
To watch it, probably take care of :
- Angles
- cloud size changes
- divergence
- Oversold, overbought
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
遁一子交易入道 jesselau.com/
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.