Trend Tracer [Cloud] (Expo)

2023년 1월 16일

█ Overview

The Trend Tracer [Cloud] (Expo) indicator identifies and predicts the future market direction. The cloud is designed to make it easier to see when a market is trending in one direction or another and to help traders identify potential entry and exit points, as well as trend changes. It is a visual representation of the price's momentum, price action, and volatility by using the trend range in a cloud-like pattern. The bigger the cloud, the more momentum the price has.


█ How is the trend tracer cloud calculated?

The primary function used in the code is an extension of traditional single-smoothed moving averages, using a more sophisticated weighting system to reduce the effect of short-term fluctuations and provide a clearer view of the underlying trend. Using this function, we get a unique leading trend tracer while maintaining a robust long-term trend tracer. This allows for more accurate trending signals and helps reduce the amount of noise in the data.


█ Trend Cloud Trading

Trend Cloud Trading is a type of trading based on technical analysis that uses a tool called a trend cloud. A trend cloud is a graphical representation of how a certain asset or instrument is trending over a specific period of time. The trend cloud will highlight areas where there is high volatility, low volatility, and the current trend direction and its strength.


█ How to use

One way of using the indicator is to look for a "cloud break," which is when the cloud turns from red to green (or vice versa) and indicates a change in the trend.

S/R Levels

• The Trend Tracer Cloud can be used to find support in a bullish trend and resistance in a bearish trend. If the cloud is sloping downwards in a bearish trend, traders can look for potential resistance levels at the highs of the cloud. Similarly, if the cloud is sloping upwards in a bullish trend, traders can look for potential support levels at the lows of the cloud.
  

Volatility

• The width of the cloud is used to determine if there is high or low volatility.
  

Strength

• The deviation between the leading trend advisor line and the price determines whether a trend is strong or weak. The larger the deviation, the stronger the trend move.
  

█ Indicator Features

Trend Cloud

• It highlights the trending range, current volatility, and trend direction.
  

Trend Advisor - leading and trending + cloud

• The leading trend advisor highlights the short-term trend strength and momentum, while the trending trend advisor highlights the underlying long-term trend.
  

Trend Tracker

• The Trend Tracker is a fast-moving trend-following line that combines long-term and short-term trend characteristics.
  

Trend Candlesticks

• The Bar coloring uses momentum to highlight the current trend direction.
  

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Disclaimer

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