OPEN-SOURCE SCRIPT
Multi Time Frame EMA Cloud
Updated
EMA cloud for multiple time frames.
Change settings for time frame u need. Default is 4 hrs. Original credit to Junij
Change settings for time frame u need. Default is 4 hrs. Original credit to Junij
Release Notes
Description:This is an extension of the Ripster EMA Clouds. This indicator gives you the ability to have Ripster clouds from any time frame on your chart, even if your chart is in a different time frame. For example, if you have a 10-minute chart and you want to see Ripster 34/50 clouds from a 1-hour EMA on a 10-minute chart, this can show you that. Just adjust the Resolution to that time frame.
This indicator comes default with Daily 20/21 and 50/55 EMAs, which I personally use to watch daily clouds when day trading on a 10-minute chart. You can use any combo; you can replicate the indicator to show you one-hour clouds if you want. The tweaks and settings are endless and use as you want.
The rest of the logic is the same as explained in the original Ripster EMA Clouds code. Refer here:
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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