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Logical Histogram

This is a trend-following momentum indicator.

When blue line falls below red line, it's a bearish signal.

When blue line rises above red line, it's a bullish signal.

The mechanism is similiar with MACD.

But the calculation method is a little different from MACD.

Combined with Professional Trading Signal, it could work as a filter.

Also it could work alone to identify the market trend direction.

If you have some other questions, please leave your comments here. I'll reply within 24 hours.

Good Luck!
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