Murad EMA Clouds

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Version:

• V1

Description:

The Murad EMA Clouds indicator is designed to help traders visually assess short-term and long-term momentum shifts using dynamic EMA clouds and color-coded cues. By integrating five key EMAs (5, 10, 50, 100, 200) and VWAP, this tool highlights bullish or bearish market structures through color-shifting clouds. It simplifies trend detection by focusing on the relationship between fast and slow moving averages.

The cloud turns green when the 5 EMA (blue) and 10 EMA (yellow) are above the 50 EMA (purple), indicating bullish momentum. It turns red when both the 5 EMA and 10 EMA are below the 50 EMA, indicating bearish momentum. Neutral or crossover zones are not shaded, reducing noise.

Features:

1. Trend Detection via EMA Clouds

• Displays green clouds when the 5 EMA & 10 EMA are above the 50 EMA (bullish condition).

• Displays red clouds when the 5 EMA & 10 EMA are below the 50 EMA (bearish condition).

2. Layered EMA Structure

   • 5 EMA (Blue)

   • 10 EMA (Yellow)

   • 50 EMA (Purple)

   • 100 EMA (Red)

   • 200 EMA (Green)

   • VWAP (White)

3. Dynamic Cloud Visualization

• Cloud fills between 5 EMA and 10 EMA, colored based on relation to 50 EMA.

• Clean visualization to quickly interpret current momentum direction.

4. VWAP Overlay

   • VWAP (white line) overlays price action to provide volume-weighted average context.

5. Clear Momentum Signals

   • Trend shifts are instantly recognizable as cloud colors flip.

   • Helps identify early entry/exit signals based on EMA structure.

6. Customizable Settings

   • Input parameters for all EMAs and cloud logic can be adjusted.

   • Easily integrate into any trading strategy timeframe (1m, 5m, etc.).

Disclaimer: Trading options involves substantial risk. This script is for informational purposes only and is not a guarantee of success. Always conduct thorough due diligence, and practice proper risk management.