Thinner cloud is easier to pass. Thicker cloud offers a greater resistance in take off.. This is a weekly chart setup. will be watching for strength in momentum. Speaking of strength, you will find all sort of divergences in Gold. One more thing I want to point out is how effective the "I Cloud" is in following trendlines. GL
Comments
ChrisMoody
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Great Post...If only I could get you to use my Custom Ichimoku Indicator...It would be an honor to have a coder like you use it...
UDAY_C_Santhakumar
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Sure, I will start using those, Its been a while since I used this setup. Will need to update my chart defaults. Thanks for the reminder.
pvasq1
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if you use the cloud + the vix + the ADX indicators that you both have created = powerful trading tools when we understand price action.
UDAY_C_Santhakumar
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DMI Oscillator - you mean?
pvasq1
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yes, that one! :-)
ChrisMoody
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Thanks for saying so...
ChrisMoody
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Just kidding with you....I'm doing major updates to the latest version anyway