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prby78
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Re: Strength Histogram Yes, I understand where it is on the chart and what its based on, but I was hoping for more information on how it is used in your method. As I recall from wading through the mess in that other forum the largest volumeframe was used to determine Primary Trend: Bull or Bear. Or am I mistaken? Does the Strength Histogram replace that? I noticed that most of the trades you've shown were taken in agreement with the color of the strength histogram. So do you use the strength histogram as a filter? Any insights you're willing to share are appreciated greatly.
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Great! What was the post number?
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Yes, please. I second the request.
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I don't receive Crude Oil data and am new to Multicharts, so I am having a little trouble following the chart template. Is the following correct? 1. The price portion of the chart is 343 volume bars with labels based on the prime trading oscillations on the next fastest chart, which would be 49 volume bars. 2. The second pane is the ERG and ERG histogram based on the 343 volume chart. 3. The bottom pane is the ERG histogram from the 2401 volume chart. 4. A change in the color of the ERG histogram on the bottom pane shows a change in SHORT term strength?