OPEN-SOURCE SCRIPT
Trend_Casper
EMA Cloud Indicator (9, 13, 20)
This indicator plots three Exponential Moving Averages (EMAs) with lengths of 9, 13, and 20. It also creates a dynamic cloud between the highest and lowest EMA values, with colors indicating market conditions:
• Green: Price is above the cloud (bullish signal).
• Red: Price is below the cloud (bearish signal).
• Gray: Price is within the cloud (neutral or consolidation).
Use it to identify trends early and make informed trading decisions based on price movement relative to the EMAs.
Let me know if you need any modifications!
This indicator plots three Exponential Moving Averages (EMAs) with lengths of 9, 13, and 20. It also creates a dynamic cloud between the highest and lowest EMA values, with colors indicating market conditions:
• Green: Price is above the cloud (bullish signal).
• Red: Price is below the cloud (bearish signal).
• Gray: Price is within the cloud (neutral or consolidation).
Use it to identify trends early and make informed trading decisions based on price movement relative to the EMAs.
Let me know if you need any modifications!
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