DPO Histogram Indicator

Platform: MT4 Type: Trend

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Last update: December 7, 2024

The DPO Histogram Indicator for MT4 provides a short-term bi-colored trading signals that can be used for scalping and swing trading purposes. The readings fluctuate above and below its zero level. Histogram values above the zero level indicate the short-term uptrend, and conversely, histogram values below the zero level suggest the short-term downtrend.

Example trade with the DPO Histogram Indicator

We have added the 100 Exponential Moving Average to define the overall market trend. In that example, we utilized the pullback opportunity, when the histogram values turned negative. Keep in mind that the general trend was up. The trade was triggered when the histogram turned positive once again. Then the price continued to rise.

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