"Qcloud" Indicator

The Qcloud indicator is QuantVue’s own moving average indicator.

The Qcloud indicator can be used on all charts, futures, forex, stocks, etc. Qcloud can also be used on pretty much any bar type including candlesticks, renkos, QuantVue’s Qrenko, etc.

Using Qcloud indicator can give you insight into where the market is heading by smoothing price action and reducing noise. This can help suggest if the market is trending or chopping.

SETTINGS

Colors

• BearColor – Select the color of the Qcloud plots when moving in the bearish direction.

• BullColor – Select the color of the Qcloud plots when moving in the bullish direction.

Moving Averages

• Use InpPeriod1(2,3,4…) – Check the box if you wish for the moving average to be plotted on the chart. It does not matter which order you select or deselect, any combination will work.

• InpPeriod1(2,3,4…) – Input an integer value for your desired Qcloud period. Lower numbers will cause the Qcloud to move faster, higher numbers will cause the Qcloud to move slower. It does not matter in which order you input values.

Parameters

• Alerts – When this option is selected a sound will play and an alert popup box will appear when all visible Qcloud plots are moving in the same direction (Bullish or Bearish). This can be used independently of the Signals parameter.

• Signals – When this option is selected a text placard will be plotted onto the chart when all visible Qcloud plots are moving in the same direction (Bullish or Bearish). This can be used independently of the Alerts parameter.

Setup

• Calculate – This option should be set at OnBarClose only. Any other setting will cause the indicator to malfunction and display incorrect, skewed data.

• Name – Change the name of the indicator on the chart as you wish.

• Maximum Bar Lookback – This is set to 256 by default and should remain this way.

Visual

• Auto Scale – When checked the chart will scale to show all of the Qcloud indicator within the chart timeframe.

• Displacement – Input an integer value to move the indicator plots to the left (+) or the right (-)

• Display in Data Box – Outputs the Qcloud plot values to the Data Box

• Panel – Should remain “Same as input panel” if you would like the indicator on the current chart.

• Price Markers – Deselecting this will hide the price markers from the chart’s price scale

Plots

• V1(2,3,4…) – Within these settings you can change the look of the Qcloud plots to your liking.