Cloud Bunching [5ema]

24 mar 2023

Reused some functions from (i believe made by):

• ©paaax: The table position function.
• QuantNomad: The function calculated value and array screener for 40+ instruments.
  

How it uses:

• Gives signal when the cloud is bunching with ratio smaller than the set ratio and the close price breaking out the cloud.
  
• Track 40 different symbols, on any timeframe to follow and alert.
  
• When a symbol has a signal, it will display on the chart and send an alert.
  

How it works:

• The cloud created by 5 EMA (20, 50, 200, 460, 610). Upper Cloud is max EMA , Lower Cloud is min EMA . Center line is averange (5 EMA )
  
• If the ratio upper / lower < input bunching (%) -> change color of cloud.
  
• Get the signal if: the close price break out cloud (with bar is shooting, or hammer ,...) and high volume (or not).
  
• With another symbols (max 40 ) also use that function with any time frame. By request.security() and array function.
  

How it setting:

• Change the bunching rate (%) of the clouds for any symbols.
  
• Change the percentage (%) of the close price that breaks out of the bunching cloud.
  
• Choose volume condition.
  
• Show or turn off the cloud, table.
  
• Select the symbol to follow.
  
• Choose a timeframe to follow other symbols.
  

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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

27 mar 2023

Informacje o Wersji

Change signal shape and color
Reason Pine update not support.
Thanks!

27 mar 2023

Informacje o Wersji

Change Option Volume condition: Yes - > No

17 sie 2023

Informacje o Wersji

Update:

1. 1. Change signal shape, delete text singal, change size.
   
2. 2. Change Bar condition
   
3. 3. Change cloud style, color
   
4. 4. Delete center line cloud