The foreign exchange cloud indicator sketches clouds on top or beneath the currency price. Beneath the price demonstrates that the trend is shifting upwards, on top of the price illustrates that the trend is shifting downwards.
For purchase: Pause for the price to shift on top of the grey dotted borderline. The foreign exchange cloud must be green.
For auction: Pause for the price to shift beneath the grey dotted borderline. The foreign exchange cloud must be red in color.
Many forex traders position a protective stop-loss on top (auction) or beneath the cloud (purchase)
- This forex indicator can be utilized in any currency pairs.
- The recommended time frame is five minutes chart and beyond.
- Around the clock is the endorsed trading session for this forex indicator.
- Time Frame, dotted line color, up color and down color are the configurable options for this indicator.
The AUD/NZD Daily Instance Time Frame
Utilize this forex Indicator at your own risk. WindsorForex cannot be responsible for any losses associated with utilizing any forex indicator presented on the site. It’s not recommended to utilize this indicator on the real account without testing it on demo first.