Noro's VangaCloud 1.0
Other way of visualization of my trend indicator Vanga. The same method as in my ElectroVanga-indicator and in my WOW-indicator, but it is made in the form of a cloud. It will be so more convenient to perhaps some users.
Two indicators Vanga are used. Fast and slow. Therefore there is no sense to establish identical length in settings.
If fast Vanga is higher than slow Vanga - UpTrend - lime color of a cloud
If fast Vanga is lower than slow Vanga - DownTrend - red color of a cloud
Thickness of a cloud prompts stability of a trend.
It is very similar to crossing of moving averages, however instead of moving averages Vanga is used. Vanga is much more useful than SMA or EMA.
Two indicators Vanga are used. Fast and slow. Therefore there is no sense to establish identical length in settings.
If fast Vanga is higher than slow Vanga - UpTrend - lime color of a cloud
If fast Vanga is lower than slow Vanga - DownTrend - red color of a cloud
Thickness of a cloud prompts stability of a trend.
It is very similar to crossing of moving averages, however instead of moving averages Vanga is used. Vanga is much more useful than SMA or EMA.