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HLC Trend - Vertex FX Indicator
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[QUOTE="OmSaiTech, post: 186931, member: 35060"] [IMG]https://www.hybridsolutions.com/components/com_mtree/img/listings/o/3601.png[/IMG] HLC Trend is a price-following indicator that identifies market trends and volatility. It plots 2 main lines, up bias line and down bias line along with a separate neutral line which is always set at zero for reference. The up bias line is calculated from the difference between the average close price and average high price. The down bias line is calculated from the difference between the average low price and the average close price. Here, the average close price is more sensitive for the shortest average period whereas the average high price is less sensitive for the longest average period. The gap between the up bias line and a down bias line represents market volatility. The wider gap means the market has higher volatility. Moreover, if both lines are close together and are nearly or equal to zero indicate that the market is running on the sideway. The Indicator also represents the Volatility Strength of the market with Over Bought & Over Sold situations. The line’s slope represents the market momentum strength. A higher slope indicates higher volatility whereas, a flat line after a high slope indicates that the market is about to reverse. For example, when up bias is greater than zero and stays flat after a high slope, it is an indication of an overbought situation. The market will have a strong uptrend when up bias is greater than zero and down bias is less than zero. HCL Indicator generates a buy signal when up bias is greater than zero and cross above down bias line. Similarly, the Market will have a strong downtrend when the up bias is less than zero, and the downward bias is greater than zero. The more both lines are away from zero represents the stronger trend. The indicator generates a sell signal when the up bias is lower than zero and cross below down bias line. [URL]https://www.hybridsolutions.com/plugins/client-vtl-plugins/free/hlc.html[/URL] [URL='https://www.hybridsolutions.com/index.php?option=com_mtree&task=att_download&link_id=1551&cf_id=24']Download HLC Trends[/URL] [/QUOTE]
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