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Instrument: REA_Clouds
Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

The Clouds indicator is based on two Moving Averages: Fast and Slow. The Fast has a smaller period, by default it is 21 in the color Red, and the Slow has a larger period, by default it is 50 in the color Blue.

When the Fast, red line, is above the Slow, Blue line, then it is presumable that we are in an up trend and the whole space, between the Moving Averages, is colored green.

Conversely, it is colored Red between the two Moving Averages if the Fast, red line, is below the Slow, Blue line, i.e. where a Down Trend is presumable.

It is also recommended to use this indicator with the support of other indicators. Otherwise, buy entries can be hypothesized when the Fast, red line, crosses the Slow, blue line from bottom to top, and Sell entries if the Fast, red line, crosses the Slow, blue line from top to bottom.

With the latest version update we have implemented arrows at each intersection and the possibility of sending signals on a telegram channel.

It is strictly forbidden to resell the indicator signals, unless approved and/or collaborated. Any infringements will involve reporting and sanctions. To request collaboration, write to partner@reavolution.com

Downloads

Download the REA_Clouds for the cTrader platform
License:
FREE

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