The cloud
The fill between both averages, one colour per direction, thickness showing how far apart they are.
Trend · NinjaTrader 8
Screenshot of the tool running.
Direction, at a glance.
Two moving averages and the space between them filled in, with a colour for each side. No crosses to read, no lines to compare: the cloud changes colour and that is that.
Four kinds of average
Up to four types and their periods. The cloud is the space between fast and slow, so its thickness tells you how far apart they are pulling.
Optional second cloud
A second pair, usually slower, to keep the background frame without switching charts.
The turn, marked if you want
A triangle on the bar where the cloud changes side, with the option to add the price. It ships switched off: you turn it on.
Turning points
The triangles mark the bars where the cloud switched sides.
What each term means
The names the indicator uses, and what each one means.
- Cloud. The filled area between the fast and slow averages.
- Turn marker. The mark on the bar where the cloud changes direction.
- Secondary cloud. A second pair of averages for the background frame.
- Neutral zone. When price sits between both averages without committing.