Major Trend Correction Histogram mg
- Indicators
- Version: 2.21
- Activations: 10
Crypto_Forex Indicator "Major_Trend_Correction Histogram" for MT4, No Repaint.
- - Major_Trend_Correction Histogram indicator was designed to detect big trends.
- - Indicator can be in 2 colors: Red for bearish trend and Blue for bullish one (colors can be changed in settings).
- - At least 10 consecutive histogram columns of the same color means beginning of new trend.
- - Indicator has built-in Mobile and PC alerts.
- - Parameter "Period" is responsible for indicator's sensitivity.
For Buy trades:
- 1) Check for at least 10 consecutive histogram columns of Blue color, it means beginning of new Up-trend.
- 2) Then if there is 1 or 2 opposite Red color column(s) takes place which then followed by main trend's Blue color columns - that was up-trend correction.
- 3) Then after correction it is possible to open Buy trade.
For Sell trades:
- 1) Check for at least 10 consecutive histogram columns of Red color, it means beginning of new Down-trend.
- 2) Then if there is 1 or 2 opposite Blue color column(s) takes place which then followed by main trend's Red color columns - that was down-trend correction.
- 3) Then after correction it is possible to open Sell trade.
This is original product which is offered only on this MQL5 website.
