OPEN-SOURCE SCRIPT
Black Belt cloud
The EMA Cloud indicator highlights market trend direction by filling the space between multiple exponential moving averages with dynamic color-coded clouds.
When the market is in a bullish alignment, the cloud turns green, signaling strong upward momentum.
When the market shifts into a bearish alignment, the cloud turns red, warning of downside pressure.
During periods of mixed or uncertain conditions, the cloud appears gray to indicate potential consolidation or indecision.
The indicator also includes alerts that trigger only on trend changes, helping traders react quickly when momentum shifts.
This tool makes it easy to:
Visualize trend strength at a glance
Avoid choppy, sideways market conditions
Combine with entry/exit strategies for improved decision-making
When the market is in a bullish alignment, the cloud turns green, signaling strong upward momentum.
When the market shifts into a bearish alignment, the cloud turns red, warning of downside pressure.
During periods of mixed or uncertain conditions, the cloud appears gray to indicate potential consolidation or indecision.
The indicator also includes alerts that trigger only on trend changes, helping traders react quickly when momentum shifts.
This tool makes it easy to:
Visualize trend strength at a glance
Avoid choppy, sideways market conditions
Combine with entry/exit strategies for improved decision-making
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.