The HLC Trend Indicator is a nifty confirmation tool that operates on a two-line crossover principle.
Buy Signal: When the long line (white) crosses above and closes above the short line (red), it’s time to consider going long.
Sell Signal: Conversely, if the short line (red) crosses above and closes above the long line (white), that's your cue to think about selling.
In terms of settings, you can tweak the MA method, high MA period, low MA period, and close MA period. While many traders prefer to use this indicator with exponential moving averages, it can also work well with other moving average types.
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