Purpose: Cloud Catcher leverages the Ichimoku Cloud offering clear visual representations of support and resistance levels, trend direction and momentum. This indicator is designed to provide users with a comprehensive visual market overview.

How to Apply: Choose “Cloud Catcher [Market Spotter]” through the “Invite-only scripts” on TradingView.

Characteristics: Distinguished by its multi-faceted approach, this indicator integrates components like the Conversion Line/Base Line for assessing short and medium-term trends. It incorporates Leading Span A/B and confirmation analysis to provide valuable insights for potential entry and exit points. The cloud component contributes to support and resistance analysis, identifying breakout opportunities, all uniquely presented visually for an enriched market analysis experience.

Alerts: TradingView alerts are notifications that keep traders informed about specific market conditions or price movements in real-time. Users can set them up based on parameters like price levels or technical indicators. These alerts help traders stay updated and make timely decisions to optimize their trading strategies. You can learn how to set alerts with our indicators by viewing this tutorial.