A popular and flexible indicator that displays support and resistance, momentum and trend direction of the market.
It provides a clearer picture of price action at a glance. It can identify the direction of a trend, gauge momentum and signal trading opportunities based on line crossovers and where the price is relative to these lines. These signals help traders to find the most optimal entry and exit points. The indicator consists of five lines (each representing a different time interval) and was developed by Goichi Hosoda, who was a journalist that spent a long time improving this technical analysis technique before sharing it publicly in the late 1960s.
– Automatically adjusting the right margin of the chart to see future segments
– Shading of clouds with an option to set colour and opacity
– Can be used with any bar and chart type
– Fully configurable
1.0.2 (August 18, 2020) - Security and stability improvements 1.0.1 (July 4, 2020) - Fixed: conflicts during importing the assembly 1.0.0 (June 12, 2020) - Released