MT4-ConfiTrend

This is an oscillator indicator unlike other.

All the value is more than 0.

Value between 0-20, trend are weak :- do not trade.

When the value is more than 20 :- Open trade depend on color.

Long Setup :

1. DirectTrend is above 20
2. There are two consecutive Green histograms
3. The second Green histogram is higher than the first
4. A trader Long the third candlestick on the open

Short Setup :

1. DirectTrend is above 20
2. There are two consecutive Red histograms
3. The second Red histogram is higher than the first
4. A trader Short the third candlestick on the open

Exit Position :

1. Exit the position when histograms change color.

OR.

1. There are 2 consecutive histograms Lower than the first
2. Exit the position the third candlestick on the open.

Note:  In this case Exit position doesn't care the histograms color, just only value.

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