MA clouds by ®Alpachino

3일 전

I created this indicator for generally improved trend determination using a fast-responding EMA and a slower-responding RMA.

The indicator has two modes.

Single cloud:

• EMA(high-low)
  

Double cloud:

• EMA/RMA(high-high)
  
• EMA/RMA(low low)
  

Usage:
Sell: Price action below both clouds.
Buy: Price action above both clouds.
Clouds together -> strong trend.
Clouds separated -> range/weak trend.

Suitable for filtering signals from other indicators.