Each pair fills a colored cloud between the short and long EMAs, with color changing based on which average is above the other. Users can enable or disable individual clouds and lines, adjust the leading period for clouds, set offset, and configure crossover alert notifications. It supports EMA or SMA calculation types and custom sources such as hl2. The script serves as a trend visualization tool for equities but applies to any market.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MA Type
string
EMA
matype
Short EMA1 Length
int
10
ma_len1
Long EMA1 Length
int
30
ma_len2
Short EMA2 Length
int
5
ma_len3
Long EMA2 Length
int
13
ma_len4
Short EMA3 Length
int
34
ma_len5
Long EMA3 Length
int
50
ma_len6
Short EMA4 Length
int
72
ma_len7
Long EMA4 Length
int
89
ma_len8
Short EMA5 Length
int
180
ma_len9
Long EMA5 Length
int
200
ma_len10
Source
source
hl2
src
Show all 22 settings
Setting
Type
Default
Variable
Offset
int
0
ma_offset
Show Long Alerts
bool
false
showlong
Show Short Alerts
bool
false
showshort
Display EMA Line
bool
true
showLine
Show EMA Cloud-1
bool
true
ema1
Show EMA Cloud-2
bool
true
ema2
Show EMA Cloud-3
bool
true
ema3
Show EMA Cloud-4
bool
true
ema4
Show EMA Cloud-5
bool
true
ema5
Leading Period For EMA Cloud
int
0
emacloudleading
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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