Repaints MTF Moving Average With Range Bands For ThinkOrSwim

[JamesRobertson]

Hello, I am not a coder and hoping to get some help here. I am wanting to get a cloud indicator (upper chart study) build with the following conditions.

1- I will be using this indicator on 5 min chart
2- The indicator should refer to 21 EMA on 30 minutes chart
3- Cloud should always run with the price candle and draw +70% and -70% range based on the 21 EMA on the 30 minutes chart.

Thank you

 

[SleepyZ]

Try this.
Inputs to change variables at Input Screen
Cloud colors can be changed at Globals at Input Screen
The range was adjusted from 70% to .7% at input for better fit.
The stair step vs smooth lines is how TOS displays higher timeframe aggregation lines on a lower aggregation chart

#ExpAvg_MTF_Cloud_Based_Upon_Range

input agg     = AggregationPeriod.THIRTY_MIN;
input range   = .7;
input length  = 21;
input avgtype = AverageType.EXPONENTIAL;

plot ema      = MovingAverage(avgtype, close(period = agg), length);
plot emah     = ema + (ema * range) / 100;
plot emal     = ema - (ema * range) / 100;

input showcloud = yes;
DefineGlobalColor("H", Color.LIGHT_RED);
DefineGlobalColor("L", Color.LIGHT_GREEN);
AddCloud(if showcloud then emah else Double.NaN, ema, GlobalColor("H"), GlobalColor("H"), showBorder = yes);
AddCloud(if showcloud then ema else Double.NaN, emal, GlobalColor("L"), GlobalColor("L"), showBorder = yes);

@JamesRobertson

 

[JamesRobertson]

Try this.
Inputs to change variables at Input Screen
Cloud colors can be changed at Globals at Input Screen
The range was adjusted from 70% to .7% at input for better fit.
The stair step vs smooth lines is how TOS displays higher timeframe aggregation lines on a lower aggregation chart

#ExpAvg_MTF_Cloud_Based_Upon_Range

input agg     = AggregationPeriod.THIRTY_MIN;
input range   = .7;
input length  = 21;
input avgtype = AverageType.EXPONENTIAL;

plot ema      = MovingAverage(avgtype, close(period = agg), length);
plot emah     = ema + (ema * range) / 100;
plot emal     = ema - (ema * range) / 100;

input showcloud = yes;
DefineGlobalColor("H", Color.LIGHT_RED);
DefineGlobalColor("L", Color.LIGHT_GREEN);
AddCloud(if showcloud then emah else Double.NaN, ema, GlobalColor("H"), GlobalColor("H"), showBorder = yes);
AddCloud(if showcloud then ema else Double.NaN, emal, GlobalColor("L"), GlobalColor("L"), showBorder = yes);

@JamesRobertson

Thanks a ton. One slight change request please. I changed the cloud from RED and Green to Gray color but can't figure out the code that draws the upper, middle, and lower lines for the cloud. Can you please add settings to display/not display those lines on the cloud or remove the code that draws those lines? I got too many EMA lines already on the chart and these adds 3 more. I just want to see the cloud in Gray. Thank you

 

[SleepyZ]

Thanks a ton. One slight change request please. I changed the cloud from RED and Green to Gray color but can't figure out the code that draws the upper, middle, and lower lines for the cloud. Can you please add settings to display/not display those lines on the cloud or remove the code that draws those lines? I got too many EMA lines already on the chart and these adds 3 more. I just want to see the cloud in Gray. Thank you

This should do those things

#ExpAvg_MTF_Cloud_Based_Upon_Range

input agg     = AggregationPeriod.THIRTY_MIN;
input range   = .7;
input length  = 21;
input avgtype = AverageType.EXPONENTIAL;
input hideplots = yes;

plot ema      = MovingAverage(avgtype, close(period = agg), length);
plot emah     = ema + (ema * range) / 100;
plot emal     = ema - (ema * range) / 100;

ema.SetHiding(hideplots);
emah.SetHiding(hideplots);
emal.SetHiding(hideplots);

input showcloud = yes;
DefineGlobalColor("H", Color.GRAY);
DefineGlobalColor("L", Color.GRAY);
AddCloud(if showcloud then emah else Double.NaN, ema, GlobalColor("H"), GlobalColor("H"));
AddCloud(if showcloud then ema else Double.NaN, emal, GlobalColor("L"), GlobalColor("L"));