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ProfitTrader™ OSCILLATORS: HAL (High and Low) OB/OS Indicator

A market cycle is like an oscillator constantly shifting from one extreme to another -- extremes of being oversold to overbought to oversold. When these overbought and oversold levels occur, they often develop into trading cycle tops and bottoms. The HAL OB/OS Bands show when prices are at these extremes.

When occurring within a Timing Band and as the oscillator(s) is at an overbought or oversold level for a top or bottom, the HAL OB/OS indicator will greatly improve your odds of entering trades in the right direction.

The HAL OB/OS indicator plots in a separate panel. The green horizontal band indicates an overbought level; the red, an oversold level. Cycle tops and bottoms frequently occur in these bands.

Next: ProfitTrader™ MECHANICAL BUY/SELL SIGNALS: Double Stochastic Buy/Sell Signals