Sipho Hlatshwayo
New Member
3. High Low (HL Channel indicator)
The HL Channel indicator and as the all of the channel indicator uses the highest high and lowest low
of the price to determine the upper and lower bands of the channel.
In the HL Channel The channel is calculated according to the given period of calculation and the time
frame of the used chart, and the channel is self-adjusted (Like the Bollinger Bands).
As you can see below there are two thick lines that indicates the upper and lower channel and a dashed
center line.
Actually you can’t trade with the HL Channel indicator alone, it will not tell you when to enter the
trade neither when to exit, The HL Channel indicator telling you the overall direction of the price trend
and the channels with the middle line warn you how much the trend. Make sure you apply the appropriate TF
The HL Channel indicator and as the all of the channel indicator uses the highest high and lowest low
of the price to determine the upper and lower bands of the channel.
In the HL Channel The channel is calculated according to the given period of calculation and the time
frame of the used chart, and the channel is self-adjusted (Like the Bollinger Bands).
As you can see below there are two thick lines that indicates the upper and lower channel and a dashed
center line.
Actually you can’t trade with the HL Channel indicator alone, it will not tell you when to enter the
trade neither when to exit, The HL Channel indicator telling you the overall direction of the price trend
and the channels with the middle line warn you how much the trend. Make sure you apply the appropriate TF
