EMA Cloud

A simple Leading EMA Cloud Indicator.

This indicator shows an EMA cloud comparing a short and long EMA , charted ahead by (default) 26 candles for quick analysis of trend. The cloud is red when bearish and green when bullish .

How to use:

Watch for candles breaking out of the cloud for trend analysis. Also watch for cloud colour and cloud colour changes for trend analysis. Many other possibilities should be immediately apparent, for example setting the short to 50 and the long to 200 on a daily chart will instantly display death crosses.

As always, comments and ideas welcome.

Tips and Donations are always welcome!

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Apr 01
Versionshinweise: Added color changing to EMA lines for a bit more information.
May 04
Versionshinweise: Changed default leading perod, added signals for long and short possible buys, added alerts, a couple of bug fixes.
May 13
Versionshinweise: Bugfixes and simplified the logic for buy/sell signals.
May 13
Versionshinweise: Changed default leading period for more accurate signals.
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Nice works Zamboniman, your leading EMA Cloud look similar to Ichimoku cloud too.

Appreciated your efforts and generous =D
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