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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.
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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.
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