An overlay indicator that draws a cloud around a selectable volume-based moving average, with positive and negative band multipliers setting the upper and lower edges.
1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
193 lines of Pine Script v6 from indicator/olg_7_6_26/LyroRS/11.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
The signal type setting chooses how the trend is read, with the cloud as the default, and the cloud is colored by direction. Optional signs mark changes on the price chart. Inputs include the average type, its length and color palette choices.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
source
Select Moving Average
string
EMA
ma_type
Moving Average Length
int
30
ma_length
Positive Band Multiplier
float
1.8
pbm
Negative Band Multiplier
float
-0.85
nbm
Select Signal Type
string
Cloud
signal_type
Custom Color Palette
string
Mystic
ColMode
Use Custom Palette
bool
true
cpyn
Custom Up
color
#00ff00
cp_UpC
Custom Down
color
#ff0000
cp_DnC
Display Signs
bool
true
d_signs
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.
This indicator calculates Kaufman's Adaptive Moving Average (KAMA) on a chosen price source and determines trend direction based on the slope across a configurable lookback window. Signals can be filtered by short-term volatility expansion using ATR comparison
This indicator generates trend-following trade signals on the price chart by combining moving average crossovers with multi-factor filters. It triggers entry alerts when fast and slow EMAs cross in the direction of a baseline trend EMA, confirmed by non-extrem
This overlay indicator plots a SuperTrend using a 10-period ATR with a multiplier of 3, drawing up and down stop lines and a faint trend fill on the price chart. It compares a 9-period EMA with an 18-period EMA and a 12/26/9 MACD against its signal, and it req
Bte Acc is a chart indicator form of the PineCoders Backtesting and Trading Engine. It seeks an entry trigger from a main or alternate entry method, then checks trade direction, filters, date range, ATR readiness, and remaining capital before filling on the ne
This indicator plots a volume-weighted moving average as a central trend baseline and surrounds it with ATR-based volatility bands. It colors the trend and optional price bars according to whether price is on the bullish or bearish side of those bands. Users c
ACCVOL 1j (SMA5 + SMA10) - AD/B is a price chart overlay indicator designed to identify volume accumulation and bullish swing trading setups. It evaluates current bar price gains, volume expansion, and volume relative to a moving average against historical pri