MohdTZ - Simplified Indicator

Added EMA 36 Band Cloud:
Created a new "EMA 36 Band Settings" group with:
ema36_band_multiplier: A float input (default 0.43, min 0.1, step 0.1) to control the band width relative to ATR.

ema36_band_color: A color input (default gray with 39% transparency) for the band fill.

Calculated the bands using the EMA 36 value plus/minus the ATR (fixed at 14 for simplicity) multiplied by the user-defined multiplier.

Plotted the upper and lower bands as invisible lines (linewidth=0) and filled the area between them with a semi-transparent color (80% transparency).

Kept Other Features:
Retained the customizable EMA 13, 36, and 200 with adjustable lengths, colors, and line widths.

Kept the watermark functionality unchanged.

Simplified Approach:
Used a fixed ATR length (14) for the band calculation to keep it simple. If you want the ATR length to be customizable, let me know, and I can add it as an input.

How to Use
Add to TradingView:
Paste the script into TradingView’s Pine Editor.

Ensure you’re using Pine Script v5.

Click "Add to Chart."

Customize EMAs and Bands:
EMA Settings: Adjust "EMA 13 Length/Color/Line Width," "EMA 36 Length/Color/Line Width," and "EMA 200 Length/Color/Line Width" as desired.

EMA 36 Band Settings: Modify "EMA 36 Band Multiplier" to change the band width and "EMA 36 Band Color" to change the fill color.

Watermark settings remain available for customization.

Test on Chart:
Apply to a chart (e.g., BTC/USD on 1H).

Verify the EMAs (13, 36, 200) plot with the chosen settings.

Check that the EMA 36 band cloud appears around the EMA 36 line, with the fill color and width adjustable via the multiplier.

Notes
Band Logic: The cloud is based on ATR multiplied by a user-defined factor, similar to the original ATR bands. This creates a volatility-based envelope around the EMA 36.

Customization: The band multiplier and color are adjustable. If you want a fixed offset instead of ATR-based bands, or a customizable ATR length, let me know!

Performance: Adding the band cloud is lightweight and shouldn’t impact performance significantly.

Upgrade to v6: If you’d like to move to Pine Script v6 to address deprecation warnings (e.g., transp to color.new()), I can update the script accordingly.

If you need further adjustments (e.g., different band calculation, additional features), please let me know!

learn about ATR bands

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