DMA Histogram

Period 1: 10

Period 2: 20

Below the chart, a histogram bar shows the distance between the moving averages.

Two moving averages are used to calculate this indicator. When the shorter moving average is higher than the longer period moving average, then the histogram value will be higher than 0. Histogram values will be below zero if the short moving average is below the longer period moving average.

If the current histogram bar is greater than the previous bar, the color of the histogram is bullish. In the event that the current bar is smaller than the previous bar, the color will be bearish

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.