This indicator is derived from my previous one called High – Low Trend Indicator (Expo), but the difference is that this one generates Long signals and detects market changes. These two indicators are intended to be used in the same chart for better accuracy and validation of signals. The indicator is perfectly used to identify pullbacks in positive trends!
HOW TO USE
When a signal appears, consider enter long, or look for confirmation patterns. Such confirmation could be seen in the High – Low Trend Indicator (Expo) when the red cloud disappears or when the black price line crosses out from the red cloud, or when the black price line crosses up over the blue midline.
So,
1. Use the indicator to identify Long signals.
2. Use the indicator to find Entry points in positive trends.
3. Use the indicator to detect market changes.
4. Combine it with High – Low Trend Indicator (Expo).
INDICATOR IN ACTION
The indicator is best presented live, the graphs below are a good guide.
EURUSD
DAX
WALL STREET
GOLD
Subscribe to our membership
Access the High – Low Trend Indicator Signal Indicator on TradingView
ACCESS THE INDICATOR ON TRADINGVIEW!
“Boost” the script and add it to your Favorites! Please leave a comment if you like it!
