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A Cloud Indicator Built from Two Fractal Keltner Channels

Article MQL5 code base

Summary

The document introduces an indicator that displays two fractal Keltner channels as a cloud. This gives traders a combined visual representation of channel-based price structure, potentially useful for inspecting how the two channel boundaries relate over time.

Beyond naming the construction, the text provides no formula, parameter settings, interpretation rules, trading signals, or example results. It points readers to the author's blog for a fuller explanation, so the source itself does not establish how the cloud should be used or whether it has predictive value. Treat it as a brief description of a technical indicator rather than a tested trading method.

Key ideas

  • The indicator displays two fractal Keltner channels as a cloud.
  • The document does not specify calculation details or parameter settings.
  • It provides no rules for turning the cloud into entries or exits.
  • No performance evidence or limitations beyond the brief description are discussed.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.