The Real Cloud is a forex trend indicator especially developed for day trading in MT4. It plots trend clouds based on both exponential and simple moving averages.
This indicator mostly suits retail forex traders looking for accurate day trading signals in live markets. According to our review, trading with Real Cloud is as simple as using a single moving average. You are only required to follow the buy/sell conditions of the indicator properly for making steady profits in day trading.
Real Cloud Indicator Overview
Real Cloud applies simple blue and white clouds to indicate the current trend situation, which is easy to read and follow. Besides, this indicator supports multi-timeframe chart analysis on MetaTrader charts.
It uses a 9-day EMA and a 76-day SMA for plotting the clouds. Once the cloud changes its color, we consider it a trend reversal condition.
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Real Cloud Indicator Explanation
When the indicator deploys a white cloud we consider it as a bullish trend signal. During an uptrend condition, the price will use the white cloud as dynamic support and a possible zone for retracements.
According to the trend-following trading strategy, we’ll look for buy signals when the price revisits the cloud zone during a bullish market trend.
Conversely, the blue cloud signals a bearish trend. When the indicator confirms a downtrend market, look for sell opportunities every time the price rejects the cloud zone as resistance.
Buy Signal Generation with Real Cloud Indicator
- The blue cloud turns into white color
- The price rebounds above the cloud
- SL below the current low of the cloud support
- Exit long when the cloud becomes blue
Sell Signal Generation with Real Cloud Indicator
- The cloud turns into blue color
- The price treats the cloud zone as resistance
- Stop-loss above the cloud’s high
- Exit sell whenever the color turns into white