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
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。