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Trend Correction Histogram m

Forex Indicator "Trend Correction Histogram" for MT4

  • Trend Correction Histogram can be in 2 colors: red for bearish trend and blue for bullish one
  • 7 consecutive histogram columns of the same color means beginning of new trend
  • Trend Correction Histogram indicator designed with the main purpose - to minimize losses and maximize profit
  • It has parameter - "Period", responsible for indicator's sensitivity
  • Built-in Mobile and PC alerts 
  • Trend Correction Histogram can be use as a simple but profitable trading system, See below:
HOW TO USE indicator:

1)  Check for at least 7  consecutive histogram columns of the same color, it means beginning of new trend. For example, there are more than 7 blue columns on the picture below.
2)Wait for just 1 (ONE) opposite color column, red in our case, which is changed again to blue one right after it. It means that it was trend correction.
3) Open Long trade when blue column take place, after just one red column before. It means that order was opened to the direction of main trend after correction.

4) Arrange SL (see pictures) and TP. TP should be at least 3 times bigger than SL. In this case you will be profitable even if you win only 30%.

5) Vice versa for Sell (short) trades (see pictures) 

// More great Expert Advisors and Indicators are available here: https://www.mql5.com/en/users/def1380/seller

It is original product which is offered only on this MQL5 website.

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Daniel Stein
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Indicateurs
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Advanced Currency Strength28 Indicator
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4.9 (652)
Indicateurs
ACTUELLEMENT 26% DE RÉDUCTION La meilleure solution pour tout débutant ou trader expert ! Cet indicateur est un outil de trading unique, de haute qualité et abordable car nous avons incorporé un certain nombre de caractéristiques exclusives et une nouvelle formule. Avec seulement UN graphique, vous pouvez lire la force de la devise pour 28 paires Forex ! Imaginez comment votre trading va s'améliorer parce que vous êtes capable de repérer le point de déclenchement exact d'une nouvelle tendan
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Indicateurs
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Indicateurs
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Adaptive Scalper EA ms
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Anti Scalping Trader mg
DMITRII GRIDASOV
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DMITRII GRIDASOV
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RSI for 8 Symbols mr
DMITRII GRIDASOV
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DMITRII GRIDASOV
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DMITRII GRIDASOV
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STOCHASTIC FLAT Detector    - is an efficient auxiliary tool in trading! I offer you to upgrade your trading methods with this great indicator for MT4. Indicator   shows price Flat areas   on the chart.  It has    "Flat" parameter   -  responsible for flat detection sensitivity. STOCHASTIC FLAT Detector   can be used   for Price Action   entries confirmation,   Divergence   or   OverSold/OverBought   signals You can use it   for trend following   systems to detect flat and avoid trading there
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Moving Average Price Meter md
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DMITRII GRIDASOV
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DMITRII GRIDASOV
Indicateurs
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MACD with Trend ZigZag mp
DMITRII GRIDASOV
Indicateurs
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Alligator Higher Time Frame mp
DMITRII GRIDASOV
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Force Index with 2 Moving Averages mw
DMITRII GRIDASOV
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DMITRII GRIDASOV
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DMITRII GRIDASOV
Indicateurs
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DMITRII GRIDASOV
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Correction Breakout pattern m
DMITRII GRIDASOV
Indicateurs
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Trend Histogram mr
DMITRII GRIDASOV
Indicateurs
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Version 1.7 2024.03.27
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