Forex Color RSI Histo – The Best Trading System To Help You Find High Probability Trades

ForexWOT Color RSI Histogram Reversal System – You cannot have a magical system that will work to give only profit continuously. But this “ForexWOT Color RSI Histogram Trading System” is a simple system with high probability trading setups.

ForexWOT Color RSI Histogram System is a trend reversal trading system with high accuracy trend filter indicators.

It’s a trend reversal momentum strategy for scalping, intraday and swing trading.

  • Scalping trading time frames: 1 min to 5 min
  • Intraday trading time frames: 60 min to 240 min
  • Swing trading time frames: 60 min, 240 min, and daily

 

RSI Histogram & Momentum Filter

Color RSI Histogram and Momentum indicator is a very simple and easy to use as trend reversal filter.

How effective is the combination of Color RSI Histo and Momentum indicator to help traders recognize the high probability trade setups…?

Take a look at the image below.

Below are RSI Histogram & Momentum Filter high probability setups:

  • BUY Setup
    • Color RSI Histo green color and higher than +10 level
    • Momentum line upward and above 100 level
  • SELL Setup:
    • Color RSI Histo red color and lower than -10 level
    • Momentum line downward and below 100 level
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ForexWOT Color RSI Histogram “Reversal” System

 

This ForexWOT Color RSI Histogram “Reversal” System works on all time frames but the most recommended time frames are H1, H4, and Daily.

MetaTrader Trading Indicators
  • Color RSI Histo Zeroline
  • Momentum
  • Signal Trend
  • ZigZag Arrow
  • Arrows and Curves
  • Tenkan-Sen Ichimoku Kinko Hyo

 

BUY Rules

  • Lime color ZigZag Arrow
  • Color RSI Histo green color and higher than +10 level
  • Momentum line upward and above 100 level
  • Price upward above EMA 21 line and Tenkan-Sen line
  • Signal Trend green color bars

 

SELL Rules

  • Red color ZigZag Arrow
  • Color RSI Histo red color and lower than -10 level
  • Momentum line downward and below 100 level
  • Price downward below EMA 21 line and Tenkan-Sen line
  • Signal Trend red color bars
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Trading NOTES

The ZigZag Arrow is a very basic indicator which attempts to reduce the amount of “noise” in a trending security.

Your FIRST trading signal in this system is ZigZag Arrow.

When the ZigZag Arrow appears to signal a trend reversal, your next step is recognizing “the same direction” high probability trade setup.



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