Quad Trend Cloud [@Mishu]
Quad Trend Cloud combines four moving averages into a single trend score and a colored cloud.
How it works
- Four freely configurable moving averages (EMA, SMA, WMA, HMA or RMA; default EMA 20, SMA 50, SMA 100, SMA 200).
- Trend score from -4 to +4: one point each for close > MA 1, MA 1 > MA 2, MA 2 > MA 3, MA 3 > MA 4 (minus one point if not).
- The cloud between MA 1 and MA 4 is colored on a gradient from bearish (-4) to bullish (+4).
- The table shows the score and the distance of price to each MA in percent.
- Crosses of MA 2 and MA 4 can be marked on the chart.
Alerts
Full bullish stack (+4), full bearish stack (-4), MA 2 crossing above / below MA 4. All alerts are evaluated on bar close.
Limitations
The score describes the current order of the averages. It does not predict how long a trend will last, and moving averages always lag price.
This is a rewritten successor of my earlier "4-Lines" scripts (Pine Script v6).
This script is an analysis tool. It does not provide financial advice or trade recommendations.
How it works
- Four freely configurable moving averages (EMA, SMA, WMA, HMA or RMA; default EMA 20, SMA 50, SMA 100, SMA 200).
- Trend score from -4 to +4: one point each for close > MA 1, MA 1 > MA 2, MA 2 > MA 3, MA 3 > MA 4 (minus one point if not).
- The cloud between MA 1 and MA 4 is colored on a gradient from bearish (-4) to bullish (+4).
- The table shows the score and the distance of price to each MA in percent.
- Crosses of MA 2 and MA 4 can be marked on the chart.
Alerts
Full bullish stack (+4), full bearish stack (-4), MA 2 crossing above / below MA 4. All alerts are evaluated on bar close.
Limitations
The score describes the current order of the averages. It does not predict how long a trend will last, and moving averages always lag price.
This is a rewritten successor of my earlier "4-Lines" scripts (Pine Script v6).
This script is an analysis tool. It does not provide financial advice or trade recommendations.
Mishundare – Pine Script developer (IntelligenceFlow). My scripts are analysis tools: no signals, no financial advice, no performance promises. Questions or bugs? Leave a comment under the script.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Mishundare – Pine Script developer (IntelligenceFlow). My scripts are analysis tools: no signals, no financial advice, no performance promises. Questions or bugs? Leave a comment under the script.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.