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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릴리즈 노트

Added option to move diamonds to the actual crossover bar.

릴리즈 노트

Tweak the colors.

릴리즈 노트

Add an optional Status Table

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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.

오픈 소스 스크립트

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