OPEN-SOURCE SCRIPT
[JL] High-Low Cloud
Just got this idea and made this one.
Default use 1-hour chart to watch 5-hour, daily and weekly high-low. Of course you can set up any parameters as you like.
It is more like an art. So I do not really know how to use it to trade at this moment. If you have good ideas, feel free to post comments. Thanks.
- Green cloud, SMA - Weekly HL ~ SMA - Daily HL
- Lime cloud, SMA - Daily HL ~ SMA - 5-Hour HL
- White cloud, SMA - 5-Hour HL ~ SMA + 5-Hour HL
- Organge cloud, SMA + 5-Hour HL ~ SMA + Daily HL
- Red Cloud, SMA + Daily HL ~ SMA + Weekly HL
To watch it, probably take care of :
- Angles
- cloud size changes
- divergence
- Oversold, overbought
Default use 1-hour chart to watch 5-hour, daily and weekly high-low. Of course you can set up any parameters as you like.
It is more like an art. So I do not really know how to use it to trade at this moment. If you have good ideas, feel free to post comments. Thanks.
- Green cloud, SMA - Weekly HL ~ SMA - Daily HL
- Lime cloud, SMA - Daily HL ~ SMA - 5-Hour HL
- White cloud, SMA - 5-Hour HL ~ SMA + 5-Hour HL
- Organge cloud, SMA + 5-Hour HL ~ SMA + Daily HL
- Red Cloud, SMA + Daily HL ~ SMA + Weekly HL
To watch it, probably take care of :
- Angles
- cloud size changes
- divergence
- Oversold, overbought
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