Purpose: Signal Cloud leverages the Ichimoku Cloud to provide users with clear visual representations of trend direction, dynamic support and resistance levels, and entry signals. Designed for traders of all levels, this indicator offers a comprehensive market overview, simplifying decision-making with actionable insights.

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

Characteristics: Distinguished by its dynamic and intuitive design, Signal Cloud focuses on:
Trend Direction: The indicator uses the cloud color to determine the market’s trajectory, with red clouds indicating bearish trends and green clouds signaling bullish trends.
Entry Signals: Color-coded circles provide precise entry points:
Green Circle: Suggests a potential long entry as the price breaks above the cloud.
Red Circle: Suggests a potential short entry as the price breaks below the cloud.
Support and Resistance: The future Kumo serves as a dynamic support or resistance zone, identifying potential breakout opportunities.
All of these features are visually represented to give traders an enriched and easy-to-interpret market analysis experience.

Alerts: With TradingView alerts, users can stay updated on specific market conditions in real time. Set alerts based on entry signals or price interactions with the cloud to receive notifications directly to your device. These alerts enable traders to make timely, informed decisions and optimize their strategies. Check out our tutorial for a step-by-step guide on setting up alerts with Signal Cloud.