CloudRest ATR based cloud — Indicator by Lancelot_Augur

volatilitystop ichimokuclouds averagetruerange cryptocurrency crypto trendfollowing atr btc xbt btcusd xbtusd

This is an indicator I have been working on for the past 2 years, developed specifically for cryptocurrency.
It is primarily a trend following indicator with great success and it performs the best in 4hrs to the weekly chart.

There are two components of this indicator.
The baseline from Ichimoku cloud and volatility stop .
baseline period = 26
volatility stop = 1.5ATR, 3

You can view this as the main component of a trend following system but you will need other confirmation indicators to confirm your entry.
Feel free to modify the script for your own system.

Feel free to follow me on twitter @Lancelot_Auger
I will be posting more content in the future, stay tuned.

And lastly,

Free hong kong, the revolution of our time!

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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