MA CloudMA Cloud - a highly configurable cloud for Moving Averages
Creates a cloud from max. 5 Moving Averages.
Users can freely decide, for each average wether it should be SMA,EMA or WMA and also for the time period.
They shades and colors can be freely chose for each combination of MA's, giving you a maximum freedom to configure your cloud.
Smacloud
Multi MA CloudsEMA 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
