Recognise the volatile market.
Figure out the trend direction.
Open your new positions.
HML indicator simply plots the difference between high and low.
High readings mean we are in a trendy market.
Low readings mean we are moving sideways in a range.
My strategy:
✔Combine this with a volume indicator (Like Accumulation/Distribution Indicator)
✔High reading HML and increasing volume mean we are in an uptrend.
✔High reading HML and decreasing volume mean we are in a downtrend.
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