Forex
indicator Absolute Strength Histogram is designed to determine
the change of market trends and is a histogram, painted in red and green.
Settings indicator forex Absolute Strength Histogram let you change the the
method of calculating the moving average, view of histogram, signal type and price,
as well as the smoothness of the histogram and the number of bars used to
calculate the indicator.
Characteristics
of Absolute Strength Histogram
- Platform: Metatrader4
- Currency pairs: Any, recommended
major
- Trading Time: Around the clock
- Timeframe: Any
Rules of
trade by Absolute Strength Histogram
As a signal
to enter the market is considered a change of color histogram:
- histogram bars turn green - the
entrance to the Long trade;
- histogram bars turned red - the
entrance to the Short trade:
Thus it is
necessary take into account the one feature of the appearance of signal
indicator Absolute Strength Histogram. If a buy signal appears on
indicator, is lower than the previous signal, such signal should be ignored.
With the sell signals situation mirrored.
Absolute
Strength Histogram settings
- Mode = 0 - RSI
method; 1 - Stoch method
- Length = 9 - Period
- Smooth = 1 - Period of
smoothing
- Signal = 4 - Period of
Signal Line
- Price = 0. Price
mode : 0 - Close, 1 - Open, 2 - High, 3 - Low, 4 - Median, 5 - Typical, 6
- Weighted
- ModeMA = 3 - Mode of
Moving Average
- Mode_Histo = 3
Absolute Strength Histogram Indicator can not be used as an independent source of signal. More appropriate and effective to use it as a filter in trend trading strategies.
absolute_strength_histogram .rar
