Reading of the chart,
1.for long term investors,
a.Bullish when you see the sun(Yellow zone)
b.Bearish when you see the dark cloud(Black
zone)
c.Turning point from bullish to bearish:When
red line break into the yellow zone.
d.Turning point from bearish to bullish: When
red line break through the dark cloud.
2.for short term trading,
reading the changes between the white line and
the red line
Long2 =EMA( ( HHV( H, 20 ) + LLV( L, 20) )/2,20);
Long1 =EMA( ( HHV( H, 5 ) + LLV( L, 5) )/2,10);
K=(H+2*C+L)/4;
Z= ( HHV( H, 3 ) + LLV( L, 3) )/2 ;
SP=IIf(K>=Z*1.05,1.10*Z,IIf(K<Z*1.05 AND K>=Z,1.0*Z,IIf(K<Z,0.9*Z,0.9*Z)));
M=IIf(Long1>long2,Long2,Long1);
Plot(C,"Close",colorBlack,ParamStyle( " Style",1));
SetChartBkGradientFill( ParamColor("Sky",ColorRGB( 128, 128, 255 )),ParamColor("Sky lower", colorGrey40),ParamColor("Text", colorLightGrey));
PlotOHLC( Long1 , Long1 , m, Long1 ," ", ParamColor("Left Side",ColorRGB( 213, 213, 0 )),styleCloud );
PlotOHLC( Long2 , Long2 , m, Long2 ," ", colorGrey40,styleCloud );
PlotOHLC( Long1 , Long1 , m, Long1 ," ", ParamColor("Land",ColorRGB( 115, 61, 54 )),styleArea );
Title=Name() + " Sun & Cloud : \n"+WriteIf(Long1>long2,"Rising Sun","Dark Cloud Cover");
GfxSelectSolidBrush(colorOrange);
GfxCircle( 100, 85 , 28 );
GfxSelectSolidBrush(colorYellow);
GfxSelectPen( colorRed );
GfxCircle( 100, 85 , 20 );
_SECTION_END();
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