Lux Algo V3 allows the user to display two different indicators on the price chart via the indicator settings in the "Indicator Overlay" dropdown menu. Options include the "Reversal Zones" and "EQ Cloud", as well as a "Both" option to display both indicators together.
When enabled, a simple "cloud" like indicator will be displayed on your chart. The EQ Cloud is similar in effect to an Ichimoku Cloud, and can determine the current trend as well as behave like a trailing support and resistance.
The cloud is filled with a gradient color showing the current trend relative to the cloud.
When enabled, one upper and one lower zone will be displayed on your chart, each zone is designed to help the user find tops and bottoms whether market is ranging or trending (however the indicator will still be more effective during ranging markets).
These zones can be great areas to take profit or find early entries to use alongside the confirmation or contrarian signals.
Enabling "Both" allows the user to display both indicators at the same time.