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MTF Absolute Stregth Histogram with Signals
Hi all there.
You will find the Histogram version of MTF Absolute Strength with signals onto the zero line.
The meaning of the colors is:
Normal situations:
Blue = Strongth Up
DodgerBlue = Up Correction
Red = Strongth Down
Indian Red = Down Correction
Transitions situations:
White = No Trade (There are no interest of bulls and bears)
Gold = Two Forces are Interested (There are interest of bulls and bears at the same time, but usually one of them is more strong and finally it take the domain of the market)
Like any other indicator, it needs practice and observation to obtain from it the best results.
I would like to give the thanks to fxbs for its reviews in order to obtain the final indicator. And also, I would like to give the thanks to igorad (from TrendLaboratory), for allow us to have its free version of Absolute Strength.
Regards.
Cattus
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