OPEN-SOURCE SCRIPT
200 DEMA Cloud
200 DEMA Cloud — TradingView Indicator
This indicator plots a cloud band using the 200-period Double Exponential Moving Average (DEMA) calculated on both the high and low of each candle. It is intended as a visual aid to help identify trend direction and dynamic support/resistance zones.
How to install:
Open TradingView and go to the Pine Script Editor at the bottom of the chart
Delete any existing code in the editor
Paste the script into the editor
Click Save and give it a name
Click Add to chart
What it shows:
The cloud is formed between the 200 DEMA of the candle highs and the 200 DEMA of the candle lows
Cloud turns green when price closes above the upper band, suggesting bullish conditions
Cloud turns red when price closes below the lower band, suggesting bearish conditions
When price is inside the cloud, the market may be in a consolidation or transition phase — use additional confluence before making decisions
Settings:
DEMA Length — default is 200, adjustable to any period
Bullish Cloud Color — default green, fully customizable
Bearish Cloud Color — default red, fully customizable
Important disclaimers:
This script is for educational and informational purposes only
It does not constitute financial advice or a recommendation to buy or sell any asset
Past performance of any indicator does not guarantee future results
Always use proper risk management and combine this tool with your own analysis
The author is not responsible for any trading losses incurred from using this script
Tips for best use:
Works on any timeframe and any asset class
Most effective when used on higher timeframes such as the daily or weekly chart
Best used as a trend filter alongside other confluence factors such as price action, volume, or support and resistance levels
A candle close above or below the cloud carries more weight than a wick
This indicator plots a cloud band using the 200-period Double Exponential Moving Average (DEMA) calculated on both the high and low of each candle. It is intended as a visual aid to help identify trend direction and dynamic support/resistance zones.
How to install:
Open TradingView and go to the Pine Script Editor at the bottom of the chart
Delete any existing code in the editor
Paste the script into the editor
Click Save and give it a name
Click Add to chart
What it shows:
The cloud is formed between the 200 DEMA of the candle highs and the 200 DEMA of the candle lows
Cloud turns green when price closes above the upper band, suggesting bullish conditions
Cloud turns red when price closes below the lower band, suggesting bearish conditions
When price is inside the cloud, the market may be in a consolidation or transition phase — use additional confluence before making decisions
Settings:
DEMA Length — default is 200, adjustable to any period
Bullish Cloud Color — default green, fully customizable
Bearish Cloud Color — default red, fully customizable
Important disclaimers:
This script is for educational and informational purposes only
It does not constitute financial advice or a recommendation to buy or sell any asset
Past performance of any indicator does not guarantee future results
Always use proper risk management and combine this tool with your own analysis
The author is not responsible for any trading losses incurred from using this script
Tips for best use:
Works on any timeframe and any asset class
Most effective when used on higher timeframes such as the daily or weekly chart
Best used as a trend filter alongside other confluence factors such as price action, volume, or support and resistance levels
A candle close above or below the cloud carries more weight than a wick
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。