Forex Cloud Trend Prediction Indicator
As the name of the indicator implies, the forexcloud indicator draws clouds above or below the currency price. Below the price means that the trend is moving upwards, above the price means that the trend is moving downwards.
Buy: Wait for the price to move above the grey dotted line. The forex cloud must be green.
Sell: Wait for the price to move below the grey dotted line. The forex cloud must be red.
Tip: Many traders place a protective stop-loss above (sell) or below the cloud (buy).
Currency pairs: any
Preferred Time frames: Suitable for 5 min charts and above.
Sessions: Around the clock
Configurable Indicator Options
TimeFrame, up color, down color, dotted line color,…