OPEN-SOURCE SCRIPT

EMA clouds (5/12 and 34/50)

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This is a custom ema cloud script with a 5/12 cloud and a 34/50 cloud.

Personally, I used to trade with the 20 ema and 50 ema, but wanted something with a little more robust. These clouds are especially great for the first hour of market open since strong bullish stocks that have gapped up overnight tend to follow these trends.

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For example, Tesla opened above the clouds and used them as support before running all day.

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NIO happened to do a similar move.

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