Trend Histogram Indicator for MetaTrader
Another nice indicator that is capable of detecting the trend changes and showing the current trend’s strength and direction was added to the list of MT4 indicators on my site. It’s a histogram indicator, meaning that it doesn’t trash your chart but rather displays itself in a separate window below the main chart window. Histogram uses lines to mark each bar of the chart directly below that bar. The red color is used for the downtrend and the green is used for the bullish trend. The length of the line signifies the strength of the tend — the longer are the lines the stronger is the trend. If the lines are becoming shorter and shorter then the trend change is probably near. You can read more about this trend histogram indicator and also download it for free:
Posted on Forex blog.
Trade with a leading Forex service provider — trade with Ava FX
Go to Source