Kumo Cloud Heatmap Indicator MT5 Download – Free – [TradingFinder]

The Kumo Cloud Heatmap Indicator is based on the concepts of the Ichimoku indicator, but instead of showing the complex details of the system, it presents the market conditions in a simplified manner.
This indicator displays price movements across different timeframes in the form of a colored heatmap. In its structure, green means a dominant bullish trend, red indicates the continuation of a bearish trend, and gray represents a neutral or directionless market phase.

Specification Table of Kumo Cloud Heatmap Indicator

The table below displays the specifications of the Kumo Cloud Heatmap Indicator:

Kumo Cloud Heatmap at a Glance

Coloring in the Kumo Cloud Heatmap is determined by the price position relative to the Ichimoku Cloud area:

• Green: Bullish dominance, price stabilized above the Kumo Cloud
• Red: Bearish dominance, price moving below the Kumo Cloud
• Gray: Neutral/ranging market condition, price positioned inside the Kumo Cloud

Bullish Trend Condition

According to the 1-hour chart of Euro to Japanese Yen (EUR/JPY), the "H1" section in the heatmap is displayed in green, which indicates a bullish signal. Moreover, the alignment and green color of most other timeframes also emphasize the strength and continuation of the existing bullish trend.

Bearish Trend Condition

Based on the 30-minute chart of New Zealand Dollar to Japanese Yen (NZD/JPY), the "M30" timeframe in the heatmap is shown in red, which signals a bearish trend. In addition, the repetition of red color across most timeframes confirms the selling pressure in the market.

Settings of Kumo Cloud Heatmap Indicator

The settings of the Kumo Cloud Heatmap Indicator are as follows:

• Symbols to use: List of selected symbols to display in the heatmap
• Timeframes to use: Timeframes used for analysis
• Rsi period: Number of periods for RSI calculation
• Tenkan Period: Calculation period for Tenkan-Sen line
• Kijun Period: Calculation period for Kijun-Sen line
• Senkou Period: Calculation period for Senkou Span
• Bar to Calculate: Number of candles considered for calculation
• Strong Up level: Threshold for detecting strong bullish trend
• Strong Down level: Threshold for detecting strong bearish trend
• Weak Up level: Range for weak bullish trend
• Weak Down level: Range for weak bearish trend
• Strong Up Color: Color assigned to strong bullish trend
• Strong Down Color: Color assigned to strong bearish trend
• Weak Up Color: Color assigned to weak bullish trend
• Weak Down Color: Color assigned to weak bearish trend
• No Move Color: Color for neutral/no-movement conditions
• Color for Non-Existant Symbol: Color for non-existing symbols
• Button Text Color: Color of button texts
• Button Border Color: Color of button borders
• Button Background Color: Color of button background
• Display Corner: Position of the indicator on the chart

Note: In the "Symbols to use" setting, symbol names must match the names provided by the broker.

Conclusion

The Kumo Cloud Heatmap Indicator is one of the specialized tools in technical analysis that simplifies the Ichimoku Cloud presentation.
By using a heatmap, this indicator specifies bullish, bearish, or neutral market conditions.
Moreover, its settings section allows customization of calculation parameters and adjustment of element colors, offering traders flexibility.