The Qv² Histogram - Indicator developed for traders with advanced experience. This indicator has two purposes:
1-) Identify price normality patterns (green color)
2-) Identify abnormal price patterns “outliers” (red color)
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Interpretation for trades in start trend:
Histogram (Green color) crossing the zero line upside - uptrend.
Histogram (Green color) crossing the zero line downside - bearish trend.
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Interpretation for trades at the end of the trend, looking for continuity or reversal “outliers”:
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Note: Important: in this case, it is recommended to use other indicators to help in take decision between trend or reversal, I recommend my seller section where you can find other indicators to match the operation model chosen by you. Click here to learn more.
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Histogram (red color) at positive Max Up (outlier signal)
• Top Outlier Signal = Possibility of bullish continuity
• Top Outlier Signal = Possibility of Bullish Reversal
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Histogram (red color) in negative min down (outlier signal)
• Outlier Min Down Signal = Possibility of bearish continuation
• Outlier Min Down Signal = Bearish Reversal Possibility
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Important note:
• This indicator use any timeframe.
• This indicator use any symbol.
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Good trades!
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