The Dat Cloud indicator is an advanced tool for identifying bullish and bearish market trends, built on the moving average indicator in MetaTrader 5.
Technical traders can use this tool to analyze market trends and, if the price pulls back to the cloud drawn by the indicator, use it as an initial entry point or a re-entry into the trade.
Dat Cloud Indicator Table
The following section contains information about the Dat Cloud Indicator.
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Indicator Categories:
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Support & Resistance MT5 Indicators
Trading Assist MT5 Indicators
Bands & Channels MT5 Indicators
Moving Average MT5 Indicators
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Platforms:
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MetaTrader 5 Indicators
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Trading Skills:
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Elementary
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Indicator Types:
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Trend MT5 Indicators
Reversal MT5 Indicators
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Timeframe:
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M15-M30 Timeframe MT5 Indicators
H1-H4 Timeframe MT5 Indicators
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Trading Style:
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Intraday MT5 Indicators
Scalper MT5 Indicators
Day Trading MT5 Indicators
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Trading Instruments:
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Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators
Indices MT5 Indicators
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Dot Cloud Indicator at a Glance
The Dat Cloud indicator is a practical tool for forex traders. By calculating two moving averages with different periods, it illustrates trend direction and overall market movement.
The indicator shows the difference between the two moving averages as a cloud, marking support and resistance areas. Traders can use this cloud as a basis for entering buy or sell trades.
Uptrend in the Dot Cloud Indicator
On the 15-minute AUDUSD chart, traders can apply the Dat Cloud indicator to detect an uptrend.
When the price moves above the cloud and the cloud color changes to blue, a buy signal is triggered, allowing traders to enter long positions.
Downtrend in the Dot Cloud Indicator
On the 30-minute ETHUSD chart, the market trend shifts from bullish to bearish, which is visible through the cloud color changing from blue to red.
In these conditions, when the price moves below the cloud, traders can consider it a sell signal and enter short trades.
Additionally, if the price pulls back to the red cloud, it may be used as a new or additional entry point for short trades.
Dat Cloud Indicator Settings
The following section contains the execution settings of the Dat Cloud Indicator:
- SHORT_PERIOD: Set the calculation for the short-term (fast) period;
- LONG_PERIOD: Set the calculation for the long-term (slow) period;
- SHIFT: Adjusts the displacement of the indicator to the right or left (in candles);
- MAX_BARS: Maximum number of candles for displaying the indicator;
- ALERT: Enable/disable alerts when a trend change occurs;
- EMAIL: Enable/disable email alerts when a trend change occurs;
- NOTIFICATION: Enable/disable push notifications to mobile when a trend change occurs;
- MESSAGE_TIMEOUT: Set the time interval between alert messages;
- MESSAGE_SUBJECT: Set the subject of the alert or custom message.
Conclusion
The Dat Cloud Indicator is a practical tool for traders who aim to identify market trend direction using trading strategies.
By calculating two different moving average periods, it displays bullish trends as a blue cloud and bearish trends as a red cloud, simplifying trend detection for traders.
It also issues alerts during trend changes, enabling traders to make better decisions.
Additionally, traders can use the cloud as a reaction zone during pullbacks, making it a suitable entry or re-entry area for trades.
Dat Cloud Indicator in MetaTrader 5 PDF
Dat Cloud Indicator in MetaTrader 5 PDF
Click to download Dat Cloud Indicator in MetaTrader 5 PDF
What is the Dat Cloud Indicator?
The Dat Cloud Indicator is an advanced tool in MetaTrader 5 that uses two moving averages with different periods to detect bullish and bearish trends and display them as a cloud on the chart.
How does the Dat Cloud Indicator display market trends?
It plots the difference between two moving averages as a cloud. A blue cloud represents a bullish trend, while a red cloud represents a bearish trend.