The general trading rules of this indicator are as follows:
1. if the histogram is > 0 and above the line and is green; buy
if the histogram is > 0 and is below the line (green or gray); sell buy position
2. if the histogram is < 0 and below the line and is red; sell
if the histogram is <0 and above the line (red or gray); buy-back sell position
I'll assume the red and green bars are buy and sell but they do not seem to match the rules listed above
oram I missing something.
Does this study work on shorter bars 30 or 60 minute
In reality hows the draw down and or profitability of this method.
thanks Capt. Bob and Merry Christmas and Happy New year.