Highest High Value Indicator (HHV)

 Highest high value is the highest value of the market during the selected period.

Highest High Value = Maximum (High) of n−periods

Strategy: Combine it with a simple moving average for trading signals. In an uptrend: Buy when HHV goes above MA In a downtrend: Sell when the HHV crosses the MA from above to below.

High Minus Low indicator (HML)

 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.

For the link to the video, please click here!

High Low Bands Indicator (HBL)

My strategy for this indicator is as follow: Use 2 sets of indicators with different shift percentages. ( I use the period of 100 and shift percentages of 2 and 5 on daily charts for commodities and indices) ✔Buy in an uptrend! When the price crosses above the higher band of the indicator with a smaller shift percentage. Close buy: When the price goes back inside the indicator with a higher shift percentage. ✔Sell in a downtrend! When the price crosses below the lower band of the indicator with a smaller shift percentage. Close sell: When the price goes back inside the indicator with a higher shift percentage.

For the link to the video, please click here! 

Gopalakrishnan Range Index. (GAPO)

A low value of Gopalakrishnan Range Index means low volatility in a market where there are no gaps or significant changes in the charts. Whenever the charts start making strong moves or creating gaps the GAPO starts to rise.

We can not use this for a buy or sell signal.
It only gives an idea of the market volatility.
If you love to trade in a volatile market, look for a high value of GAPO and vice-versa.

Watch the video here.