In the chart attached you can choose the time frame of 5 Min. for intra day and Daily for positional or any t/f as you wish. The histograms (vertical lines) minus 5 points should be SL for longs and Histogram +5 points SL for shorts. Until the price enters inside the histogram, market is in bullish phase and when it enters inside histogram it will become bearish. For intra day the red and blue lines cross over gives first signal and price entry inside histogram OR exit from histogram as confirmation. Now NS is in bearish phase so positional short suggested, as per Daily chart. Please back test the chart and familiarize yourselves before taking any decision.
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This strategy can be used for all indices, scripts, commodities, forex all over the world in any market.
Comments
ashokk
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how to plot this histogram
Sarsans
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@ashokk, trading view chart 9,12.26 EMA's and 12,26 macd
murthyonline
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@ashokk,
If you open format near EMA you can get histogram. Use it in 26 ema and u can get histogram.
SURENsTA
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thanks for sharing sir
Sarsans
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Outside the histogram- bearish, inside the histogram bullish? Correct Guruji?