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Trading the Trend Histogram Uses Color Changes for Signals

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Summary

The document introduces a histogram indicator based on Andrew Abraham’s “Trading the Trend” article in TASC. It says the indicator aims to follow the original article’s description, in contrast to renamed or modified versions of the system. The displayed tool is described as a simple histogram, with trading signals generated when its color changes.

The source provides no formula, parameter settings, market examples, or explanation of how histogram colors map to entries and exits. It also presents no backtest or performance evidence. As a result, it conveys only the broad signal concept; a trader would need the original article or indicator details to reproduce the method and assess its behavior, risks, and suitability across markets.

Key ideas

  • The indicator is presented as an implementation of Andrew Abraham’s trend system described in TASC.
  • The histogram is intended to follow the original article rather than later renamed variants.
  • Signals are based on changes in histogram color.
  • The document does not explain the calculation, parameters, or exact trading rules.
  • No performance evidence or market-specific guidance is supplied.

Tags

Trend followingTechnical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.