Rush Point Histograma

Rush Point Histogram

Continuity force indicator.

Operation:

After a breach of support or resistance of an asset, the trader can understand by reading the histogram if such a move tends to continue, thus filtering false breaks or short breaks without trend formation.

Through a simple, level-based reading, the trader can make a decision based on the histogram, where:

Below 21: No trend formation
21 to 34: Weak trend
34 to 55: Strong Trend
55 to 89: Strong tendency

Suggested Reading:

Observed disruption of support or resistance, check:

Histogram is over 21
The histogram is up in the last 2 bars

Under these conditions, statistically, it is possible that the trend is set.

Note: Below level 21, even if ascending, the indicator is detecting consolidation.