add cloud to the stacked EMA

5rings

New member
looking for a cloud between 10ema and the 22ema

#Written by TOS Indicators 2023
#Home of the Volatility Box
#Indicator: Stacked Moving Averages Indicator
#Full Tutorial Link: tosindicators.com/indicators/stacked-moving-averages

#10 EMA, 22 EMA, 34 EMA, 50 SMA, 200 SMA

plot EMA10 = ExpAverage(close, 10);
EMA10.SetDefaultColor(Color.CYAN);

plot EMA22 = ExpAverage(close, 22);
EMA22.SetDefaultColor(Color.MAGENTA);

plot EMA34 = ExpAverage(close, 34);
EMA34.SetDefaultColor(Color.YELLOW);

plot SMA50 = SimpleMovingAvg(close, 55);
SMA50.SetDefaultColor(Color.YELLOW);
SMA50.SetStyle(Curve.SHORT_DASH);

plot SMA200 = SimpleMovingAvg(close, 200);
SMA200.SetDefaultColor(Color.WHITE);
SMA200.SetStyle(Curve.SHORT_DASH);


def bullStacked = EMA10 > EMA22 and EMA22 > EMA34 and SMA50 > SMA200;
def bearStacked = EMA10 < EMA22 and EMA22 < EMA34 and SMA50 < SMA200;

plot bullStackedPlot = bullStacked and !bullStacked[1];
bullStackedPlot.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
bullStackedPlot.SetDefaultColor(Color.LIGHT_GREEN);
bullStackedPlot.SetLineWeight(5);

plot bearStackedPlot = bearStacked and !bearStacked[1];
bearStackedPlot.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
bearStackedPlot.SetDefaultColor(Color.LIGHT_RED);
bearStackedPlot.SetLineWeight(5);
 
Last edited by a moderator:
10ema and the 22ema
Too many clouds can be very confusing. I use clouds on my AGAIG_BestTradingChartSetup but limit the clouds to the 8/20 EMS (the 21 EMA is a Fibonacci Level and I use the 20 EMA as a heads up since the 21 EMA is a frequent turning point). My suggestion would be to pick you two favorites and cloud them My chart also has an upper label showing whether there are stacked EMAs or not?
 
Last edited by a moderator:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
214 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top