The Dat Cloud Metatrader 4 indicator is a powerful signals indicator that is comprised of the Tenkan, Kijun and Senkou lines.
They are deployed in defining the direction of price trend and gauge momentum at the same time.
With the help of the Tenkan, Kijun and Senkou lines, the Dat Cloud indicator is able to define short-term, medium-term and long-term volatility over the 9, 26 and 52 period.
The use of the three lines on the Dat Cloud yields a less daunting chart display that delivers an amazing simplicity for easy overall interpretation.
- The Dat Cloud Indicator can be used in virtually all financial markets, which includes the Forex, futures and options markets, indices, and precious metals (silver and gold).
- The Dat Cloud indicator offers traders enhanced clues on the direction of the price movement, trend strength and its probable strength.
- Two types of clouds are formed around price bars to give users a vivid picture of the trend in view i.e. the cornflower blue and violet cloud pops up below and above the candlesticks respectively.
Feel free to explore the Dat Cloud indicator’s different parameters and settings to create your own personalized indicator setup.
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Dat Cloud Forex Indicator Chart (USD/CAD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Dat Cloud MT4 Indicator
Buy Signal: Go long when the cornflower blue cloud of the Dat Cloud MT4 indicator gets printed somewhat below the candlesticks.
When the light sea green line of the Commodity Channel Index breaks and stays above the zero-horizontal level, it is a buy signal confirmation.
Sell Signal: Go short when the violet cloud of the Dat Cloud Forex indicator gets printed fairly above the candlesticks.
When the light sea green line of the Commodity Channel Index breaks and stays below the center signal level, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Dat Cloud indicator pops up a violet cloud on the activity chart. Else, the light sea green line of the CCI indicator readjusts to dip below the 0.00 level.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Dat Cloud indicator pops up a cornflower blue cloud on the activity chart. Else, the light sea green line of the CCI indicator breaks above the 0.0 horizontal level.
Tips: The Data Cloud indicator holds price bars below or above its cloud in a move that typifies bearish or bullish market sentiments.
When the Dat Cloud becomes wider, it is a signal that the market is getting stronger.
When the Dat Cloud becomes narrower, it is a signal that the market is getting weaker.
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Colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trend/Momentum
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.