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:

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