Multi-Period EMA Cloud — Trend Drop
The Multi-Period EMA Cloud stacks three EMA-pair clouds (fast, mid, macro) into one overlay so trend health is visible at a glance instead of cluttering the chart with raw moving averages. When all three clouds agree, you get an unambiguous "full bull" or "full bear" regime — when they disagree, you know to size down.
## What it does
- Plots four EMAs (default 8 / 21 / 55 / 200) and shades three clouds between them via Pine's `fill()`.
- Cloud color flips green/red on each pair's cross — fast = short-term momentum, mid = swing trend, macro = regime.
- Full-stack regime label pinned to the last bar shows FULL BULL / FULL BEAR / MIXED with the current EMA lengths.
- Optional `bgcolor` tint highlights bars where all three clouds agree.
- `alertcondition` lines for full-stack flips and the short-term (EMA1/EMA2) cross.
## Recommended settings
- EMA lengths: 8 / 21 / 55 / 200 (default)
- Source: close
- Show all three clouds: on
- Regime label: on
- Background tint: on
- Faster scalping variant: 5 / 13 / 34 / 89
- Slower swing variant: 10 / 30 / 100 / 200
## Ideal timeframe
Works on any timeframe; the default 8/21/55/200 stack is tuned for 15m–1D charts.
## How to use
Treat the clouds as a regime filter rather than a signal generator. When the macro (3-4) cloud is green and the mid (2-3) cloud is also green, only take long setups — let the fast (1-2) cloud time entries on pullbacks into it. Counter-trend trades become legitimate only when the macro cloud flips or when the mid cloud loses agreement. The full-stack alert is your "trend just confirmed in earnest" signal; the short-term flip alert is your early-warning that the underlying momentum is rotating.
## Pine Script v5 code
```
//@version=5
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// T1 T2 T3 T4 T5 T6
//
// Multi-Period EMA Cloud
// Three stacked EMA-pair clouds (fast/mid/slow) give a layered, color-coded read
// on short, intermediate, and macro trend in a single overlay. Cloud color flips
// when the faster EMA crosses the slower one within the pair; full bull / full
// bear regime is signaled when ALL three pairs agree.
// Free for non-commercial use. (c) MarketFragments.com
indicator("MF Multi-Period EMA Cloud", shorttitle="MF EMA Cloud", overlay=true, max_labels_count=50)
ema1Length = input.int(8, "EMA 1 (fast)", minval=1)
ema2Length = input.int(21, "EMA 2", minval=1)
ema3Length = input.int(55, "EMA 3", minval=1)
ema4Length = input.int(200, "EMA 4 (slow)", minval=1)
showCloud12 = input.bool(true, "Show Cloud 1<->2 (fast)")
showCloud23 = input.bool(true, "Show Cloud 2<->3 (mid)")
showCloud34 = input.bool(true, "Show Cloud 3<->4 (macro)")
showLabel = input.bool(true, "Show Regime Label")
bgTint = input.bool(true, "Background Tint on Full Stack")
src = input.source(close, "Source")
ema1 = ta.ema(src, ema1Length)
ema2 = ta.ema(src, ema2Length)
ema3 = ta.ema(src, ema3Length)
ema4 = ta.ema(src, ema4Length)
p1 = plot(ema1, color=color.new(color.white, 0), linewidth=1, title="EMA 1")
p2 = plot(ema2, color=color.new(color.yellow, 0), linewidth=2, title="EMA 2")
p3 = plot(ema3, color=color.new(color.orange, 0), linewidth=2, title="EMA 3")
p4 = plot(ema4, color=color.new(color.fuchsia, 0), linewidth=3, title="EMA 4")
cloud12Bull = ema1 > ema2
cloud23Bull = ema2 > ema3
cloud34Bull = ema3 > ema4
fill(p1, p2, color = showCloud12 ? (cloud12Bull ? color.new(color.green, 70) : color.new(color.red, 70)) : na, title="Cloud 1-2 (fast)")
fill(p2, p3, color = showCloud23 ? (cloud23Bull ? color.new(color.green, 80) : color.new(color.red, 80)) : na, title="Cloud 2-3 (mid)")
fill(p3, p4, color = showCloud34 ? (cloud34Bull ? color.new(color.green, 87) : color.new(color.red, 87)) : na, title="Cloud 3-4 (macro)")
allBull = cloud12Bull and cloud23Bull and cloud34Bull
allBear = not cloud12Bull and not cloud23Bull and not cloud34Bull
regime = allBull ? 1 : allBear ? -1 : 0
regimePrev = nz(regime[1], 0)
bgcolor(bgTint and regime == 1 ? color.new(color.green, 90) :
bgTint and regime == -1 ? color.new(color.red, 90) : na, title="Regime BG")
regimeText = regime == 1 ? "FULL BULL" : regime == -1 ? "FULL BEAR" : "MIXED"
regimeColor = regime == 1 ? color.green : regime == -1 ? color.red : color.gray
var label lbl = na
if showLabel and barstate.islast
label.delete(lbl)
lbl := label.new(bar_index, ema1,
"EMA Cloud: " + regimeText + " [" + str.tostring(ema1Length) + "/" + str.tostring(ema2Length) + "/" + str.tostring(ema3Length) + "/" + str.tostring(ema4Length) + "]",
style=label.style_label_left,
color=color.new(color.black, 60),
textcolor=regimeColor,
size=size.normal)
alertcondition(regime == 1 and regimePrev != 1, title="Full Bull Stack", message="EMA Cloud: Full Bull Stack")
alertcondition(regime == -1 and regimePrev != -1, title="Full Bear Stack", message="EMA Cloud: Full Bear Stack")
alertcondition(cloud12Bull and not cloud12Bull[1], title="Short-Term Bull Flip", message="EMA Cloud: Short-Term Flip Bull (EMA1 > EMA2)")
alertcondition(not cloud12Bull and cloud12Bull[1], title="Short-Term Bear Flip", message="EMA Cloud: Short-Term Flip Bear (EMA1 < EMA2)")
```
Drop your tweaks, screenshots, and questions below — that's how the library gets better.