Daveatt

BEST Cloud ALL MA

Hello traders

Hope you're all doing well

This script is a generic cloud generator using a pre-selected set of moving averages (I probably forgot a lot but listed all the ones I used at least once).

A cloud is a visual representation of the gap between two moving averages - it shows right away how big in that gap (=how far they are from each other)
The challenge is to find a cloud such as the price often stay stuck between those 2 MA - and when it's getting finally out (up or down), it would be strong enough to signal a beginning of a trend.
This is a cool intellectual challenge for all aspiring traders

For that script, I defined a trend according to how the 2 MAs are located relative to each other (MA1 > MA2 or MA1 < MA2) and if the price gets out of the cloud.

You'll get :

- the option to color the candles based on a trend
- cool triangles entry signals
- and alerts on those triangles

All the BEST
Dave
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
💰 Results/Blogs: https://bit.ly/2ULUtjo

⏩ Signals/Pricing: https://best-trading-indicator.com/pages/pricing

🐦 Twitter: https://twitter.com/bti_trading

👉 Get a $30 discount on TradingView: https://bit.ly/2UM5OA0

📺 Youtube: https://bit.ly/3bKvnZu

Comments

try with 3 EMA same EMA150/EMA250/EMA350. It is called as TURTLE TRADING STRATEGY. if we see in DAY chart green tick then it is sure shot call for multibagger returns. Hardly in any index or stocks we will get opportunity only two times but i can say it is sure shot entry.
+6 Reply
Hi, I'm new to Pine script. How can I add a second source option to this indicator so there will be one for each MA. For example, I want the first MA to be based on price high and the second MA on price low.
+3 Reply
Daveatt wsjiii
@wsjiii, something like this will do the job

MA1 = f_ma(typeofMA1, high, length_ma1)
MA2 = f_ma(typeofMA2, low, length_ma2)
+2 Reply
Hello Thank u for the beautiful script, i like it a lot, but cant get any info out what the color.fuchsia candles are...is that choppy price action?
+1 Reply
Daveatt thesoi6
@thesoi6, I colored the candles in fuchsia when the Moving Average 1 is below the Moving Average 2
Talking about the 2 Moving Averages creating this cloud
Reply
Thank you very much. a good indicator! sincerely, Nikolay
+1 Reply
Daveatt pazornik
@pazornik, thanks :)
Reply
nice ribbon
+1 Reply