Real Cloud Indicator
MT4 Trend TradingFree DownloadThe Real Cloud Indicator for MT4 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.
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:
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
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
