Clouds and Diamonds

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CLOUDS AND DIAMONDS INDICATOR
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OVERVIEW
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A visual trend analysis tool displaying four moving average "clouds" on your
chart, each representing a different time horizon. Helps identify trend
direction and current trend state at a glance.

THE CLOUDS
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Each cloud is formed by the space between an EMA and SMA of the same period.
Color-coded by "metal" for quick timeframe identification:

Cloud | Default | Color | Purpose
------------|---------|--------|----------------------
Period 1 | 21 | Pink | Short-term trends
Period 2 | 50 | Bronze | Medium-term trends
Period 3 | 100 | Silver | Longer-term trends
Period 4 | 200 | Gold | Major long-term trends

Cloud border colors indicate trend direction:
- Green border = Bullish (EMA above SMA)
- Red border = Bearish (EMA below SMA)

THE SIGNALS
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At the end of the chart, each cloud displays its current trend state:

Signal | Shape | Meaning
----------|-------|----------------------------------------
Diamond | * | Currently bullish (EMA above SMA)
X-Cross | X | Currently bearish (EMA below SMA)

Note: Markers appear only on the last bar, providing a clean summary of current
trend conditions across all timeframes. Signal sizes increase with period
length — larger signals represent longer-term trends.

HOW TO USE IT
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1. Identify the trend — Look at cloud border colors. Multiple green = strong
uptrend; multiple red = downtrend.

2. Check the end-of-chart signals — Diamonds = bullish, X = bearish. Multiple
diamonds across timeframes = strong bullish alignment.

3. Weigh by timeframe — A diamond on Gold (200) carries more weight than
Pink (21). Look for multi-timeframe confirmation.

4. Gauge trend strength — Price above all clouds = strong trend. Clouds
converging or price entering them = momentum slowing.

QUICK REFERENCE
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Green cloud borders Bullish trend for that timeframe
Red cloud borders Bearish trend for that timeframe
Diamond (at end) Currently bullish
X-Cross (at end) Currently bearish
Larger marker Longer-term timeframe
All diamonds Strong bullish alignment
All X-crosses Strong bearish alignment
Mixed signals Consolidation or transition

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Versionshinweise

Added option to move diamonds to the actual crossover bar.

Versionshinweise

Tweak the colors.

Versionshinweise

Add an optional Status Table

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.

alex_7750815

Haftungsausschluss

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Open-source Skript

alex_7750815