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A Cloud Trend Indicator Combining Bulls Power, Bears Power, and Bollinger Bands

Article MQL5 code base

Summary

This document describes a trend indicator that displays market direction and strength as a colored cloud. The cloud’s color represents the direction of the trend, while its width is intended to show the trend’s force. Its construction combines three technical indicators: iBearsPower, iBullsPower, and Bollinger Bands.

The text identifies the indicator’s original implementation and publication date, but gives no calculation details, parameter guidance, trading rules, or performance evidence. It therefore offers a concise description of the visual concept rather than enough information to reproduce or evaluate the method. The cloud may help summarize several indicator inputs on a chart, but the document does not establish that its signals predict future price moves or explain how to manage entries and exits.

Key ideas

  • The indicator presents trend direction and strength through a colored cloud.
  • Cloud color indicates direction, and cloud width represents trend force.
  • Its inputs are iBearsPower, iBullsPower, and Bollinger Bands.
  • The document provides no trading rules or performance results.

Tags

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