Showing Heffae's clouds predictive prowess on ETHUSD.
ETHUSD is fighting to break through this resistance level which is visualized by Heffae Clouds predictive paths. The Daily cloud top is functioning as strong resistance, and intercloud support (tight bands) are dropping fast, with realtime LOW as an intermediate support @~650.
Heffae Clouds, is a granular indicator that draws predictive clouds, or paths that the price may follow with realtime and predictive paths. It is similar to ichimoku , but the big difference between Heffae's clouds and Ichi is the path-fitting formula.
Ichimoku is a very simple indicator that was developed in order to calculate with pen and paper back in 1969. Heffae clouds has over 250 lines of code and uses complex arithmetic that requires heavy computation.
The vision of the Ichimoku is alive more than ever with Heffae clouds, Heffae Clouds is essentially "Ichimoku Modernized" with elegant formulas that fit paths based on the past behaviour of the asset, Instead of a high/low average over a period of time (ichi default 9 candles). Heffae's functions are complex yet elegant and simple in implementation, this indicator is not over-complicated or noisy.
Here are some prior examples of Heffae Clouds path-fitting on ETHUSD:
The settings for ETHUSD are 45 peroids Path Adjust: 10 -2 7 0 22
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