Real Cloud Indicator
Info
The Real Cloud Indicator is a Indicator for MetaTrader 4 that this indicator utilizes two moving averages: one for the current timeframe and another for an upper timeframe. It can be used to identify the trend on the current chart.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Real Cloud Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator utilizes two moving averages: one for the current timeframe and another for an upper timeframe.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: i market price 2.1 - real-time price information indicator - another powerful indicator for MetaTrader 4 traders.
This indicator utilizes two moving averages: one for the current timeframe and another for an upper timeframe. It can be used to identify the trend on the current chart. The indicator features automatic adjustment of the upper timeframe when the chart timeframe is changed.Also recommended: DF Profit Monitor: Real-time Account Profit Tracking - similar indicator with strong performance on MetaTrader 4.
Recommendations:
It is advisable to use the default settings whenever possible.
Attention: This indicator may not function correctly on the monthly chart.
The next planned release is "Real Time Pivot".
You may also like: real value - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 magenta
#property indicator_color2 aqua
#property indicator_width1 4
#property indicator_width2 4
extern int timeframe1=1440,
timeframe2=0,.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.