Purple Cloud

The above lines calculate several intermediate values used in the indicator's calculations. Here's a breakdown of each variable:

a1: Represents a modified Exponential Moving Average (EMA) of the high price series, subtracted by a Simple Moving Average (SMA) of the low price series.
a2: Takes the square root of the lowest value between the highest close price over the last 200 bars and the current close price, multiplied by a1.
b1: Represents a modified EMA of the low price series, subtracted by an SMA of the high price series.
b2: Takes the square root of the highest value between the lowest close price over the last 200 bars and the current close price, multiplied by b1.
c1: Represents the square root of a2 multiplied by b2.
These lines create multiple plots using the plot function. Each plot represents a displaced version of c1 by a certain multiple of the Average True Range (ATR) multiplied by a constant factor (0.1, 0.2, 0.3, etc.). The transparency (transp) is set to 100 for all plots.

發行說明

Add Alpha

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Added Pink Green Yellow bar.
Green Bar--->Buy
Pink Bar--->Sell
Yellow Bar--->Unstable

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I added Maybe Pump Maybe Dump

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Added Rsi Background Color

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Deleted Clouds

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Added Bomb Pump Dump

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Changed All

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Change Name

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added alert and funcs

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Added colour

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Added MMD Bands

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Added Supertrend and Ema 200 50 20

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Added Buying Pressure Threshold % and Selling Pressure Threshold % and changed formula

muratm82

開源腳本

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 publications is governed by House rules. 您可以收藏它以在圖表上使用。