BT Cloud is a trading system with an advanced chart overlay showing a very reliable Trend Indicator based off Price, Trend, Momentum, and Market Structure.
Inspired by the Ichimoku Cloud, Parabolic SAR, and Exponential Moving Averages the BT Cloud removes the unnecessary fluff and focuses on the Golden Zone 0.618 to 0.50 Levels on the current time frame for typical RSI length (14) settings.
User should pay attention to where the cloud reverses directions. These areas are 50% ranges of significance and have a high chance of acting like target zones for support and resistance in the future.
This indicator will allow the user to make observations around how extended the trends against each other as well as serving as basis for divergence and trendline studies drawn in manually by the user. The oscillator will turn green/red as observable on the main chart overlay.
Inspired by the Ichimoku Cloud, Parabolic SAR, and Exponential Moving Averages the BT Cloud removes the unnecessary fluff and focuses on the Golden Zone 0.618 to 0.50 Levels on the current time frame for typical RSI length (14) settings.
User should pay attention to where the cloud reverses directions. These areas are 50% ranges of significance and have a high chance of acting like target zones for support and resistance in the future.
This indicator will allow the user to make observations around how extended the trends against each other as well as serving as basis for divergence and trendline studies drawn in manually by the user. The oscillator will turn green/red as observable on the main chart overlay.