This indicator will help you to have an objective analysis of the trend.
Let's start .....
In this indicator Bears and Bulls go their separate ways.
-The Bull line (bullish green) always goes above zero. -The Bear line (bearish red) always goes below zero.
With a quick glance, you will know who is winning.
There are two zones of tendency force:
- Above 2 for bulls: when the Bull line crosses its + 2 level upwards, an uptrend begins to have strength. - Below 2 for bears: when the Bear line crosses its -2 level down, a downward trend begins to gain strength.
Trend Confirmation:
- When a histrogram bar appears the trend is confirmed.
When a positive histogram appears, it indicates that the Bull line is above its + level and the Bear line is above its level -. When it is a negative histogram that appears, it indicates that the Bear line is below its level - and the Bull line is below its + level.
The TREND line (in black) is the difference between the Bull line and the Bear line. Its crosses above / below zero serve us to track the trend, as well as turning points where we could put a stop loss .
This indicator generates multiple signals as position management, I leave it to fall in love with it and find all that.
Thanks to Jose Callao for this great idea.
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Phát hành các Ghi chú
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a user asked to smooth Trend Line add the option by applying a regression, you can activate it in the configuration and change the length at your discretion
Outstanding indicator. I use the histogram as part of my entry signal on the 1 minute chart.
UnknownUnicorn41446308
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@Mark_LeBreton, tell us your whole strategy so we can follow it too.
dsouzajimmy
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@Mark_LeBreton, Hey Mark. I also quite like the histogram for confirmation. Just found it lagging sometimes in 1 minutes scalping (not too much just by 2-3 minutes). Any feedback would help.
Bro this is the deadly with Binary Options. 1min Chart with 2min Options. I run CCI 20 Steroid for Oversold and Overbought, and extremes. 200 and -200. Heiken Ashi Charts works well with this. I spent the last couple of days on my Demo Account traded 72 FLIPS from a Dominant Trend to the Other Extremity. DAMN! 65/72 wins :D Also an awesome thing about this script you have CCI going to 100s or -100s then does a pull back you can tell if it's a fake or not.
THANK YOU SO MUCH...
Mnbrass549
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@Mnbrass549, ... Update BACKTESTED the 5min candles on 12 pairs today. for 3 months each. Great Signals come from the flip on 89 and 200EMAs
I spent the last couple of days on my Demo Account traded 72 FLIPS from a Dominant Trend to the Other Extremity. DAMN! 65/72 wins :D
I don't know if i was on drugs or something when i did these but i got really lucky on most entries.
Proper way is add this same Indicator onto to the chart and overlay it on top of the first and set the 2 and -2 lines at 1 and -1 choose your colors. When the Bar closes above this on the Pictogram $$$ money trade...$$$ 87% wins rate today. Don't take the trade if no trend confirmation.
BillyNare
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@Mnbrass549, How's the strategy working for you? Using it on a live account now?