Each UT, the color histogram time frame averages 4 - 4 2 price trends histo identifies only two market conditions: up or down.
The direction of the trend is identified by an oscillator averages - 4 price trends 2 histo
The averages - 4 price trends histo 2 is a binary color histogram identifying only two market conditions: up or down.
The direction of the trend is determined by the indicator Averages - 4 price trends.
The Averages - 4 price trends allows to represent chandeliers prices calculated based on the datas of Averages indicator.
The stock indicator Averages offers optional multiple methods of calculating the moving average and multiple types of applied prices.
The algorithm for calculating the indicator Averages - 4 price trends uses the 4 basic price (Up, Down, Opening, Closing) to calculate averages Averages and 4 and identify the trend.
included
4 time frame averages - 4 price trends 2.ex4
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Interpretation Rules - Signals from Trading
Buy: Signal uptrend
. Positive green bar: formation averages chandelier - 4 positive price trends - bullish trend on the corresponding time frame
. All squares are positive - Strong uptrend
* Short selling: bearish signal
. Negative orange bar: formation averages chandelier - 4 negative price trends, orange - Trend bearish on the corresponding time frame
. All squares are negative - Strong bearish trend
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time and time unit UT - Time Frame: 30 Minutes M30
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