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ConfiTrend

This is an  oscillator indicator unlike other.

All the value is more than 0.

Value between 0-20, trend are weak :- do not trade.

When the value is more than 20 :- Open trade depend on color.

Long Setup :

  1. DirectTrend is above 20
  2. There are two consecutive Green histograms
  3. The second Green histogram is higher than the first
  4. A trader Long the third candlestick on the open

Short Setup :

  1. DirectTrend is above 20
  2. There are two consecutive Red histograms
  3. The second Red histogram is higher than the first
  4. A trader Short the third candlestick on the open

Exit Position :

  1. Exit the position when histograms change color.

OR.

  1. There are 2 consecutive histograms Lower than the first
  2. Exit the position the third candlestick on the open.
Note:  In this case Exit position doesn't care the histograms color, just only value.
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