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.

Trading signal

$GBPCAD  Nicely fits in a channel.
Sell at 1.7560
TP: 1.7250 & 1,7100
SL: 1.7650