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Trend Cloud [Tcs] | ALGO

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The TCS CLOUD has been developed to provide information about trend direction and potential buy/sell entry points in the market.

The cloud is a momentum and ATR-based indicator that removes all the noise that MAs usually provide, improving the simplicity of reading market direction. It can be adjusted based on a trader's own trading ideas through look-back adjustment and a multiplier.
Minor values are more indicated for scalpers.

It can be useful to find entry for trend continuation and has been designed to provide accurate points of retracement.
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The middle line, based on Donchian concepts and plotted in dots, and candlestick color are based on the price action of highs and lows compared to past highs/lows.
Dots and candles can be green (strong bullish), light green (bullish), gray (non-directional), purple (strong bearish), and light purple (bearish).
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Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.

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