Real Cloud Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the Real Cloud Indicator

The Real Cloud Indicator is a great choice for trend-following traders. The Real Cloud comes in handy when one needs to confirm the current market trend-momentum. What’s more a trader can use successfully use it for any possible trend reversals detection. It can be applied for scalping, day trading, and even swing trading purposes.

The Real Cloud Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

Anatomy of the Real Cloud Indicator

The Real Cloud Indicator is calculated using 9 and 76-day moving average on both exponential and linear weighted methods. In the result of these calculations, we get that beautiful trend-follwing cloud. The signals provided by the gauge are really simple. An aqua cloud indicates a bullish trend, while a pink cloud suggests a bearish trend. When you load up the indicator in your MT4 it will look like that:

In case you need some individual adjustments , this is the settings window:

Real Cloud Indicator: Buy Signal

Follow these steps for a long trade:

An ongoing clear upward trend takes places
A bullish candle forms right above the indicator cloud
A color of cloud changes from pink to aqua
Set stop loss a few pips below the most recent market low point
Take profit after reaching positive risk to reward ratio or when cloud changes color

Real Cloud Indicator: Sell Signal

Follow these steps for a short trade:

An ongoing clear downward trend takes places
A bearish candle forms right below the indicator cloud
A color of cloud changes from aqua to pink
Set stop loss a few pips above the most recent market high point
Take profit after reaching positive risk to reward ratio or when cloud changes color

How to set up the Real Cloud indicator in MetaTrader (MT4)?

Installation Guide

Download the Real Cloud.rar archive at the bottom of this post, unpack it, then copy and paste the Real Cloud.ex4 or Real Cloud.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Summary Of That Forex Indicator

The Real Cloud indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.