Kurutoga HistogramKurutoga Histogram based on Kurutoga Cloud.
This indicator is measuring price divergence from the 50% level over the last selected base length (default 14) of candles on current time frame and higher time-frame.
You can get Kurutoga Cloud here:
Kurutogaclouds
Kurotoga CloudKurutoga Cloud is a cousin-inpired cloud of the Ichimoku Kinko Hyo.
It removes the unnecessary fluff and just focus drawing the 50% levels on current mainframe for the typical RSI standard length (14) settings on current time-frame (Lead A) and the Higher time-frame (Lead B)
User should pay particular attention to where the cloud will draw longer straight-lines. Those ranges are 50% ranges of significance and likely to act as target zones for support/resistances in the future.
The cloud can also act a a very reliable trend indicator.
Intraday = D
D = W
W = M
M = 4M
