McClellan Histogram Silver Technical Analysis & McClellan Histogram Trading Signals

The McClellan Histogram is a graphical representation of the McClellan Oscillator and its signal line. This difference between the two is drawn as a histogram.

This is an oscillator indicator, the center line is the zero crossover mark which is used to generate buy & sell silver signals.

McClellan Histogram

XAGUSD Technical Analysis & Generating Trading Signals

The Histogram is momentum indicator. Signals are generated using the center-line cross-over method.

• Bullish signal- Above Zero
• Bearish Signal - Below Zero

There are two fundamental techniques for using this indicator to generate silver signals.

Zero-Level Crossover- When the histogram crosses above zero a buy silver signal is generated. Otherwise, when the histogram oscillator crosses below zero a sell xagusd trade signal is generated.

Technical Analysis in XAGUSD Trading

Divergence Silver Trading - divergence trading between this indicator & the xagusd trading price chart can prove to be very effective silver trading strategy in identifying potential silver trend reversal silver signals and silver trend continuation signals.

There are several types of Silver Trading Divergence XAGUSD Trading Signals:

Silver Trend Reversal Signals - Classic Divergence Signals

• Silver Trading Classic Bullish Divergence Signals - Lower lows on xagusd price chart & higher lows in the McClellan Histogram

• Silver Trading Classic Bearish Divergence Signals - Higher highs on xagusd price chart and lower highs in the McClellan Histogram

Silver Trend Continuation Signals - Hidden Divergence Signal

• Silver Trading Hidden Bullish Divergence Signals- Lower lows in McClellan Histogram and higher lows in xagusd trading price chart

• Silver Trading Hidden Bearish Divergence Signals- Higher highs in McClellan Histogram and lower highs in xagusd trading price chart

To Learn more about divergence navigate to the divergence trading topic on this website