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Dynamic Range Cloud

Dynamic Range Cloud is a powerful tool for identifying trends and finding entries. This indicator works in both TRENDING and NON-TRENDING markets. False signals can be easily filtered using multi-timeframe analysis. When the cloud is blue, the trend is up. When the cloud is red, the trend is down.

Dynamic Range Cloud also comes with a tiny dashboard for multi-time frame analysis. It can be easily enabled or disabled from the indicator's input properties.

On the dashboard, when the arrow is up, the market is trending upwards. When the arrow is down, the market is trending downwards.

When the arrow is up and the emoticon next to it is green (smile face) it means the trend is up and the price is above the cloud. When the arrow is up and the emoticon next to it is yellow (neutral face) that means the market is trending upwards but the price is in the cloud. When the arrow is up and the emoticon next to it is red (sad face), it means the market is trending upwards; however, the price is below the cloud.

When the arrow is down and the emoticon next to it is red (smile face) it means the trend is down and the price is below the cloud. When the arrow is down and the emoticon next to it is yellow (neutral face) that means the market is trending down but the price is in the cloud. When the arrow is down and the emoticon next to it is green (sad face) it means the market is trending downwards; however, the price is above the cloud.


Features of Dynamic Range Cloud

  • Works in trending as well as non-trending market.
  • Easier and quicker analysis with the multi time frame dashboard.
  • False signals can be filtered using multi time frame analysis.
  • Can be combined with other trading systems.
  • Recommended for both manual and automated trading.
  • Supports popup alerts, email alerts and mobile push notifications.


Input Parameters

  • DrcPeriod = Period used to calculate the Dynamic Range Cloud.
  • Multi TF Dashboard = Enable or disable the multi time frame dashboard.
  • Trend Alerts = Enable or disable popup alerts when the trend changes.
  • Email Alerts = Enable or disable email alerts when the trend changes.
  • Mobile Push Notifications = Enable or disable push notifications to your mobile when the trend changes.
  • Board Title Color = The color of the title (time frame) on the board.
  • Board Uptrend Arrow Color = The color of the up arrow on the dashboard.
  • Board Downtrend Color = The color of the down arrow on the dashboard.
  • Board Trending Emoticon Color = The color of the up trending emoticon. (Price above the cloud)
  • Board Neutral Emoticon Color = The color of the neutral emoticon. (Price is in the cloud)
  • Board Opposite Trending Emoticon Color = The color of the down trending emoticon. (Price below the cloud)
genadi
69
2016.10.15 22:38 
 

User didn't leave any comment to the rating

fabbry72
1131
2016.10.14 10:57 
 

Good indicator.

Please add possibility to move pannel on the chart.

Fab.

Version 1.2 - 2017.01.13
- Added new input parameter to choose dashboard's corner.
- Fixed minor bugs
- Improved code