One sign that I trust a lot and I like to see in an analysis is the divergence (blue lines on STO and prices), especially if it is in the histogram, or MACDH. In the case of this analysis, it is possible to see a with implication in STOH. In addition, the STO (lines) have already signaled sale in the overbought region, a strong signal. Meanwhile, the already signals selling in the overbought region as well, and its histogram, RSIH, has been slowing down and should soon do a top reversal, as the restraining signal for this is its line. On the other hand, however, the opposite occurs with MACDH, the line suggests signaling sale soon, while its histogram, MACDH, has already signaled a decrease (the histogram here is the line tracker). BuySell Trend indicator could signal sale (black signal line crossing down red short-term ) as well, and if it does, it will mean that the short-term uptrend is over and the short-term downtrend will be triggered. Finally, the Price Spread indicator suggests the direction of the spread, which in this case is the beginning of negative spread (the black line has already triggered the negative spread, only the histogram confirmation is missing).
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- ADVANTAGES: Not all line oscillating indicators have a histogram that allows you to easily and smoothly interpret the behavior of aa asset forces.
- UNDERSTAND: The analysis of forces allows us to identify the possible moments of the trend reversal in order for a decision making and action taking.
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