ADVANCED CLOUD STRATEGY
Ichimoku trend cloud set
Advantages: Can display up to four different time clouds on one chart. Turn them on and off individually. Also contains a strategy long/short signal to assist with reversals & managing profits
TradingView account needed: free
How to gain access to this script: https://www.ceo.codes/custom-indicators-alerts-by-ceocodes/advanced-cloud
DESCRIPTION & HOW TO USE THE INDICATOR:
Advanced Cloud Strategy automatically derives signals from live & historical data to shows a directional signal on the chart. An Ichi Moku style cloud enhances the signal for trend trades.
These Cloud Strategy is derived from a combination of live and historical data which allows the code to have increased stabily and reduce the amount of repaint.
By visually laying out the signal on the chart Cloud Strategy allows complex Trend levels and also Support & Resistance levels to be identified and used correctly.