Hourly High And Hourly Low Strategy

#41
Hi doss,

Your Histogram chart looks interesting. Can you pls tell me how do you trade based on this chart?
  • Do you sell when candles turn red ( HISTOGRAM<0) and buy when it turns green (HISTOGRAM>0)?
  • How do you fix SL and Target point?
  • Also, when do you reverse the trade?
 

doss186

Well-Known Member
#42
The equilibrium point is mid point of previous day high and low, you can buy if the price is above equilibrium and histogram green, you can short if the price is below equilibrium and histogram red.
 

asnavale

Well-Known Member
#43
The hourly Hi-Lo histogram sometimes leads to repainting signals. That means, sometimes the signal appears initially but disappears after some candles. How do you handle this situation ?

-Anant
 

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