Dark Cloud Reversal
The bearish engulfing candle, strong and weak, the scanner
20 questions about Dark Cloud Reversal
Where is Dark Cloud Reversal in my members area?Open Dark Cloud Reversal in the menu on the left: its lessons are Tradingview Tools (the indicator and the scanner), Recommended Brokers, the Dark Cloud Reversal Strategy, the Masterclass and Dark Cloud Telegram Alerts.
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What does Dark Cloud Reversal mark?The bearish engulfing candle, strictly: a green candle, then a red one that opens above its close (a gap up) and closes under its open. Buyers pushed it up and sellers took all of it back.
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What is the difference between a strong and a weak Dark Cloud?Strong: the lowest low of the last 10 candles is at least 1.5% under the close, so there is room to fall. It is painted yellow, with a red line at that swing low and a red fade down to it. Any other is weak: orange, with an orange ✕.
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Is a Dark Cloud a signal to sell or short?Not on its own. We tested shorting the strong candles to the red line with the stop at the candle's high on every stock we scan, and on every chart it lost, as did every version we tried. So we use it as a heads-up, never a call.
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How do I install Dark Cloud Reversal on TradingView?Dark Cloud Reversal → Tradingview Tools: press the install link for the indicator (and the scanner), add each to your favorites, then pick them from Indicators → Favorites.
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What is the Dark Cloud scanner?The Bearish Engulfing Scanner (Multi-Ticker) is the second script in Tradingview Tools: it watches several symbols at once for the same candle, so you do not flip through charts.
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Can I get Dark Cloud alerts on TradingView?Yes: the script has two alerts, Strong Bearish Engulfing Alert and Weak Bearish Engulfing Alert. Press the alarm clock on your chart, pick the indicator as the condition and choose one.
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What do the Dark Cloud settings do?Swing Low Lookback Period (10) is how far back it looks for the swing low. Min Drop % to Show Line (1.5) is how far under the close that low must be for a strong candle. Fade Length, Enable Fade, Enable Target Lines and Highlight Weak Setups change what is drawn.
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Which timeframe should I use Dark Cloud on?It draws on any timeframe. We tested it on the daily, 4-hour and 1-hour, and the sells lost on all three, so no timeframe is called; most members read it on the daily.
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Is there a Dark Cloud Telegram group?The Dark Cloud Telegram Alerts lesson on your Dark Cloud Reversal page has its join. It is the old alert service, left as it was.
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Where is the Dark Cloud Reversal strategy?Dark Cloud Reversal → Dark Cloud Reversal Strategy, with the Dark Cloud Reversal Masterclass video beside it.
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How do I use Dark Cloud on stocks I own?When a stock you hold gaps up and closes under the last candle's open with a strong Dark Cloud, look again at your plan: tighten your stop, take some off, or hold if your own reasons still stand.
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Why does Dark Cloud not mark a candle that looks engulfing?Its rule is strict: the red candle must open above the green candle's close (a gap up) and close under the green candle's open. Without the gap, or closing a little short of the open, it is not marked.
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Does Dark Cloud repaint?The candle is marked once it closes as a bearish engulfing. While the candle is still open it can show and then go away if it closes differently.
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Does Dark Cloud work on futures, forex or crypto?On TradingView it draws on any symbol. Our test was on US stocks and ETFs.
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Which broker should I use with Dark Cloud?Any broker you like: the indicator runs on TradingView. The Recommended Brokers lesson on your Dark Cloud Reversal page has the ones we use.
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What can I pair Dark Cloud with?A system that calls buys. When one of its trades is open and a strong Dark Cloud prints, it is a reason to check your stop; the system's own exits still decide.
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Is Dark Cloud on Find Better Charts?It is built there and drawn, not called, but it is not open to owners yet. When it opens, it is in Systems at the top of the chart.
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How do I get the newest version of Dark Cloud?On TradingView, remove it from your chart and add it again from Favorites: that loads the newest version.
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Will Dark Cloud keep working on TradingView after November 1?Yes. The November 1 rule is about invite-only scripts sold outside TradingView's Marketplace; ours are published scripts.
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Still need a hand? Talk to a real person.Members: sign in and open Support, and Micheal and the team answer by email. Or email support@findbettertrades.com.
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