cloudTheory

Library "cloudTheory"

// OBJECTTIVE: A Combination of EMA to Draw Cloud Pattern on Chart
//
// The "2-EMA Line System" is one of the most oldest and durable
// frameworks in technical analysis where we plot one "fast" (short)
// and one "slow" (long) exponential moving average line on the same
// chart and their relationships determine the state of the security.

drawCloud(fastLength, slowLength, src)
Parameters:
fastLength (simple int): - Fast EMA Length, the shorter length which
typically determines the current rhythm of the security.

slowLength (simple int): - Slow EMA Length, the longer length which
determines the underlying drift of the security.

src (float): - Which value of the candle should be used to calculate
the moving average; defaults to candle close value.

Returns: [emaFast, emaSlow, isBullish, isBearish, isNeutral] - EMA
Values and the flags to determine the current sentiment.

릴리즈 노트

Updated:
drawCloud(fastLength, slowLength, src)
Parameters:
fastLength (simple int): - Fast EMA Length, the shorter length which
typically determines the current rhythm of the security.

slowLength (simple int): - Slow EMA Length, the longer length which
determines the underlying drift of the security.

src (float): - Which value of the candle should be used to calculate
the moving average; defaults to candle close value.

Returns: [emaFast, emaSlow, mktSentiment] - EMA Values and a flag
to determine the market sentiment. The sentiment flag can be read
as: (I) '1' the security is bullish, (II) '-1' the security is
bearish and (III) '0' denotes the security is neutral.

릴리즈 노트

v3

Added:
priceAction(fastLength, slowLength, src, atrLength)
Parameters:
fastLength (simple int)
slowLength (simple int)
src (float)
atrLength (simple int)

Updated:
drawCloud(fastLength, slowLength, src)
Parameters:
fastLength (simple int): - Fast EMA Length, the shorter length which
typically determines the current rhythm of the security.

slowLength (simple int): - Slow EMA Length, the longer length which
determines the underlying drift of the security.

src (float): - Which value of the candle should be used to calculate
the moving average; defaults to candle close value.

Returns: [emaFast, emaSlow, mktSentiment, *Cross] - EMA Values and
a flag to determine the market sentiment. The sentiment flag can be
read as: (I) '1' the security is bullish, (II) '-1' the security is
bearish and (III) '0' denotes the security is neutral. The last two
values returned are the "EMA Cross" points. These values can be
directly used to determine the trend and set and altert.
------------------------------------------------------------------

릴리즈 노트

v4

Updated calculation of Price Action Values (experimental), now in bounded range of [-1, 1] which denotes the bearish to bullish market sentiment for the clouds. Recommend values are [-1, -0.25) can be considered as bearish, (-0.25, 0.25) as neutral market action while (0.25, 1] can be considered as bullish price action.

5일 전

릴리즈 노트

cloudTheory is a visualization extension of "2-EMA Line System", which can be used to provide visual confirmation based on the price action of the underlying. In addition, the library provides methods for calculating momentum using (I) the traditional method, and (II) Baz et al. CTA method.

✨ Getting Started

The public (open-source) library is available at TradingView, and a rich documentation and usage guide is available at blog website. Import the library as below:

Pine Script®

Then you can directly create editable fields and value control fields to implement the logic. To design the color schemes, it is recommended to use a three-toned system, and cross-over markings can be implemented as follows:

Pine Script®

🔮 Drawing EMA Cloud

Use the function drawCloud() that returns the value of slow and fast moving averages along with the market sentiment and up/down crossing points.

Pine Script®

📊 Price Action Value

The movement indicator and a tentative indication of the movement and entry point can be calculated using priceAction() function (check the function documentation for details).

Pine Script®

파인 라이브러리

트레이딩뷰의 진정한 정신에 따라, 작성자는 이 파인 코드를 오픈소스 라이브러리로 게시하여 커뮤니티의 다른 파인 프로그래머들이 재사용할 수 있도록 했습니다. 작성자에게 경의를 표합니다! 이 라이브러리는 개인적으로 사용하거나 다른 오픈소스 게시물에서 사용할 수 있지만, 이 코드의 게시물 내 재사용은 하우스 룰에 따라 규제됩니다.

ZenithClown

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면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

파인 라이브러리

ZenithClown

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