OPEN-SOURCE SCRIPT
Noro's OverCloud v1.1
Upper cloud = overbought
Lower cloud = oversold
Lime color = uptrend
Red color = downtrend
Blue line = 50% of ATR
In OverCloud 1.1 added:
1) % of ATR of cloud (from 5% to 50%)
2) borders of cloud
3) 50%-line
Lower cloud = oversold
Lime color = uptrend
Red color = downtrend
Blue line = 50% of ATR
In OverCloud 1.1 added:
1) % of ATR of cloud (from 5% to 50%)
2) borders of cloud
3) 50%-line
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.
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