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HISTO
The Histogram based oscillator is a momentum indicator that transforms the traditional Relative Strength Index (RSI) into a centered oscillator around the zero line, displayed as a histogram.
While the standard RSI ranges from 0 to 100 and is typically interpreted with thresholds (70 = overbought, 30 = oversold), the zero-based histogram approach provides a more intuitive way of reading momentum shifts:
Values above zero indicate that bullish momentum (gains) outweighs bearish momentum (losses).
Values below zero indicate that bearish momentum dominates.
The height of the histogram bars represents the strength of the imbalance between buying and selling pressure.
🔹 Why use a histogram-based RSI?
Easier visual interpretation: Instead of judging levels like 70/30, traders can simply see whether momentum is positive or negative relative to zero.
Trend confirmation: A consistent series of positive histogram bars signals sustained bullish conditions; negative bars highlight bearish trends.
Signal timing: Crosses above/below the zero line act as momentum shift signals, similar to how MACD’s histogram is used.
🔹 Sensitivity and adjustments
Like the standard RSI, the oscillator depends on the chosen period length:
Shorter periods → more sensitive, faster signals, but also more noise.
Longer periods → smoother, more reliable signals, but slower to react.
Some traders enhance this further by:
Using multiple histogram RSIs (short-term vs long-term) to confirm signals.
Applying color coding (e.g., green for rising momentum, red for falling) to highlight acceleration or deceleration in trend strength.
Combining with other oscillators (MACD, Stochastics) for confirmation.
🔹 Applications
Trend identification: Stay aligned with the direction of the histogram (above zero = long bias, below zero = short bias).
Divergence spotting: If price makes a new high but the histogram weakens, it may signal exhaustion.
Momentum crossovers: Zero line crosses can serve as entry/exit signals, especially when confirmed by volume or price action.
While the standard RSI ranges from 0 to 100 and is typically interpreted with thresholds (70 = overbought, 30 = oversold), the zero-based histogram approach provides a more intuitive way of reading momentum shifts:
Values above zero indicate that bullish momentum (gains) outweighs bearish momentum (losses).
Values below zero indicate that bearish momentum dominates.
The height of the histogram bars represents the strength of the imbalance between buying and selling pressure.
🔹 Why use a histogram-based RSI?
Easier visual interpretation: Instead of judging levels like 70/30, traders can simply see whether momentum is positive or negative relative to zero.
Trend confirmation: A consistent series of positive histogram bars signals sustained bullish conditions; negative bars highlight bearish trends.
Signal timing: Crosses above/below the zero line act as momentum shift signals, similar to how MACD’s histogram is used.
🔹 Sensitivity and adjustments
Like the standard RSI, the oscillator depends on the chosen period length:
Shorter periods → more sensitive, faster signals, but also more noise.
Longer periods → smoother, more reliable signals, but slower to react.
Some traders enhance this further by:
Using multiple histogram RSIs (short-term vs long-term) to confirm signals.
Applying color coding (e.g., green for rising momentum, red for falling) to highlight acceleration or deceleration in trend strength.
Combining with other oscillators (MACD, Stochastics) for confirmation.
🔹 Applications
Trend identification: Stay aligned with the direction of the histogram (above zero = long bias, below zero = short bias).
Divergence spotting: If price makes a new high but the histogram weakens, it may signal exhaustion.
Momentum crossovers: Zero line crosses can serve as entry/exit signals, especially when confirmed by volume or price action.
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Skrypt chroniony
Ten skrypt został opublikowany jako zamknięty kod źródłowy. Możesz jednak używać go swobodnie i bez żadnych ograniczeń – więcej informacji tutaj.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.