Moving Average & Volatility Clouds
The SimpleAlgo volatility cloud can be enabled in the SimpleAlgo settings dashboard. The purpose of this feature is to measure present market volatility. If the cloud is expanding then you are in a trending market, if the cloud is contracted / smaller then you are looking at a sideways market. There are many ways to take advantage of the Volatility Cloud. It can be used to time both entries and exits.
The Moving Average Cloud can be used to analyze market uptrends and downtrends. If price is trading above the Moving Average Cloud then it is at an uptrend. If price is trading below the Moving Average Cloud then it is in a downtrend. If the Moving Average Cloud is going through price then it is in a sideways market.