OPEN-SOURCE SCRIPT
EMA HI/LO Cloud Shift + Extra EMA

//version=6
indicator("EMA HI/LO Cloud Shift + Extra EMA + Shift EMA Line", overlay=true, max_lines_count=6, max_labels_count=0)
// ------------------------
// Inputs
// ------------------------
emaLength = input.int(22, "Main EMA Length", minval=1, maxval=200)
emaLineColor = input.color(color.blue, "Main EMA Lines Color")
// Main Cloud colors
cloudAboveColor = input.color(color.new(color.green, 80), "Main Cloud Color (Price Above)")
cloudBelowColor = input.color(color.new(color.red, 80), "Main Cloud Color (Price Below)")
cloudInsideColor = input.color(color.new(color.orange, 80), "Main Cloud Color (Price Inside)")
// ------------------------
// Shift EMA (new logic)
// ------------------------
showShiftEMA = input.bool(true, "Show Shift EMA Line?")
shiftEMALength = input.int(26, "Shift EMA Length", minval=1, maxval=500)
shiftEMASource = input.source(close, "Shift EMA Source") // fully customizable source
shiftEMAColor = input.color(color.purple, "Shift EMA Color")
shiftEMAWide = input.int(2, "Shift EMA Line Width", minval=1, maxval=5)
shiftEMAOffset = input.int(0, "Shift EMA Offset", minval=-100, maxval=100)
// ------------------------
// Second EMA (independent)
// ------------------------
showSecondEMA = input.bool(true, "Show Second EMA?")
secondEMALength = input.int(200, "Second EMA Length", minval=1, maxval=1000)
secondEMAColor = input.color(color.yellow, "Second EMA Color")
secondEMAWide = input.int(2, "Second EMA Line Width", minval=1, maxval=5)
// ------------------------
// Main EMA Cloud Calculations
// ------------------------
emaHigh = ta.ema(high, emaLength)
emaLow = ta.ema(low, emaLength)
// ------------------------
// Main Cloud logic
// ------------------------
priceAboveMain = close > emaHigh
priceBelowMain = close < emaLow
priceInsideMain = not priceAboveMain and not priceBelowMain
cloudColorMain = priceAboveMain ? cloudAboveColor : priceBelowMain ? cloudBelowColor : cloudInsideColor
p1_main = plot(emaHigh, title="Main EMA High", color=emaLineColor, linewidth=2)
p2_main = plot(emaLow, title="Main EMA Low", color=emaLineColor, linewidth=2)
fill(p1_main, p2_main, color=cloudColorMain, title="Main EMA Cloud")
// ------------------------
// Shift EMA Line (replaces cloud offset)
// ------------------------
shiftEMA = ta.ema(shiftEMASource, shiftEMALength)
plot(showShiftEMA ? shiftEMA : na, title="Shift EMA Line", color=shiftEMAColor, linewidth=shiftEMAWide, offset=shiftEMAOffset)
// ------------------------
// Second EMA Plot (Independent)
// ------------------------
secondEMA = ta.ema(close, secondEMALength)
plot(showSecondEMA ? secondEMA : na, title="Second EMA", color=secondEMAColor, linewidth=secondEMAWide)
indicator("EMA HI/LO Cloud Shift + Extra EMA + Shift EMA Line", overlay=true, max_lines_count=6, max_labels_count=0)
// ------------------------
// Inputs
// ------------------------
emaLength = input.int(22, "Main EMA Length", minval=1, maxval=200)
emaLineColor = input.color(color.blue, "Main EMA Lines Color")
// Main Cloud colors
cloudAboveColor = input.color(color.new(color.green, 80), "Main Cloud Color (Price Above)")
cloudBelowColor = input.color(color.new(color.red, 80), "Main Cloud Color (Price Below)")
cloudInsideColor = input.color(color.new(color.orange, 80), "Main Cloud Color (Price Inside)")
// ------------------------
// Shift EMA (new logic)
// ------------------------
showShiftEMA = input.bool(true, "Show Shift EMA Line?")
shiftEMALength = input.int(26, "Shift EMA Length", minval=1, maxval=500)
shiftEMASource = input.source(close, "Shift EMA Source") // fully customizable source
shiftEMAColor = input.color(color.purple, "Shift EMA Color")
shiftEMAWide = input.int(2, "Shift EMA Line Width", minval=1, maxval=5)
shiftEMAOffset = input.int(0, "Shift EMA Offset", minval=-100, maxval=100)
// ------------------------
// Second EMA (independent)
// ------------------------
showSecondEMA = input.bool(true, "Show Second EMA?")
secondEMALength = input.int(200, "Second EMA Length", minval=1, maxval=1000)
secondEMAColor = input.color(color.yellow, "Second EMA Color")
secondEMAWide = input.int(2, "Second EMA Line Width", minval=1, maxval=5)
// ------------------------
// Main EMA Cloud Calculations
// ------------------------
emaHigh = ta.ema(high, emaLength)
emaLow = ta.ema(low, emaLength)
// ------------------------
// Main Cloud logic
// ------------------------
priceAboveMain = close > emaHigh
priceBelowMain = close < emaLow
priceInsideMain = not priceAboveMain and not priceBelowMain
cloudColorMain = priceAboveMain ? cloudAboveColor : priceBelowMain ? cloudBelowColor : cloudInsideColor
p1_main = plot(emaHigh, title="Main EMA High", color=emaLineColor, linewidth=2)
p2_main = plot(emaLow, title="Main EMA Low", color=emaLineColor, linewidth=2)
fill(p1_main, p2_main, color=cloudColorMain, title="Main EMA Cloud")
// ------------------------
// Shift EMA Line (replaces cloud offset)
// ------------------------
shiftEMA = ta.ema(shiftEMASource, shiftEMALength)
plot(showShiftEMA ? shiftEMA : na, title="Shift EMA Line", color=shiftEMAColor, linewidth=shiftEMAWide, offset=shiftEMAOffset)
// ------------------------
// Second EMA Plot (Independent)
// ------------------------
secondEMA = ta.ema(close, secondEMALength)
plot(showSecondEMA ? secondEMA : na, title="Second EMA", color=secondEMAColor, linewidth=secondEMAWide)
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.