Multi MA Clouds
EMA Clouds are used for identifying trends. It helps to see moving averages as in a range especially when you look at them in Micro time frames like 1/5/10/15/30 mins. So these Clouds could be used for Intraday trading for identifying trends and pullbacks.
For example, on a 10min chart, once you see a parabolic move, don't take trade until the bar touches 5/13 or 8/9 EMA clouds.
There are other EMA cloud scripts available but this one gives you option to choose MA Type and Source in addition to providing all well known MA range in one script. You can modify the MA length as you wish. So you can disable one you don't want to see on the chart.
Please look at my other scripts at www.tradingview.com/u/ssksubam/
For example, on a 10min chart, once you see a parabolic move, don't take trade until the bar touches 5/13 or 8/9 EMA clouds.
There are other EMA cloud scripts available but this one gives you option to choose MA Type and Source in addition to providing all well known MA range in one script. You can modify the MA length as you wish. So you can disable one you don't want to see on the chart.
Please look at my other scripts at www.tradingview.com/u/ssksubam/
Release Notes:
Added a feature so that you can choose whether or not show each MA Cloud. For instance, if you don't want EMA5 cloud (180-200), you can uncheck it in the settings to hide it.
Release Notes:
Adding more detailed explanation on pullback and also how you could use DTR vs ATR label along with MA clouds.
Release Notes:
Updating to v5 and also modified the script to use real OHLC if chart is set to Heikin Ashi candles.