OPEN-SOURCE SCRIPT

[JL] High-Low Cloud

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Just got this idea and made this one.

Default use 1-hour chart to watch 5-hour, daily and weekly high-low. Of course you can set up any parameters as you like.

It is more like an art. So I do not really know how to use it to trade at this moment. If you have good ideas, feel free to post comments. Thanks.

- Green cloud, SMA - Weekly HL ~ SMA - Daily HL
- Lime cloud, SMA - Daily HL ~ SMA - 5-Hour HL
- White cloud, SMA - 5-Hour HL ~ SMA + 5-Hour HL
- Organge cloud, SMA + 5-Hour HL ~ SMA + Daily HL
- Red Cloud, SMA + Daily HL ~ SMA + Weekly HL

To watch it, probably take care of :
- Angles
- cloud size changes
- divergence
- Oversold, overbought

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.