Free Forex Indicators (MT4), Trend Following Indicators
HLC Trend Indicator
By Arun Lama
Published On
HLC Trend Indicator is a simple trend-following forex trading indicator, used to determine the market trends in crossover methods. This indicator uses a single indicator window and plots the signals in a much convenient method so that everybody can read its signals. Besides, it can also be added to other trend-based strategies as a trend filter.
HLC Trend Indicator is a scalping indicator, therefore, it works better when applied on shorter timeframe charts like M1 to M15 within your MT4 trading platform. However, this indicator can be applied to trade all kinds of forex currency pairs in the financial markets.
HLC Trend Indicator applies its HLC average in duel parameters. Its 13 HLC moves above the 34 HLC means its a bullish crossover and signals for the bullish trend of the market.
On the other hand, 34 HLC moves above the 13 HLC represents the bearish crossover that signals for the bearish trend of the market.
Once a crossover signal is confirmed, traders should look for price action signals within the new trend direction for better accuracy. However, it does not signal for trade exits. We recommend you to exit the trade when it hits at least 1:1 to 1:2 risk to reward ratios.
HLC Trend: Buy Conditions
13 HLC moves above the 34 HLC
A bullish candle forms along with the bullish crossover signal
Buy triggers after the above conditions are done
Set stop loss below the recent low of the market
Exit long/take profit when your trade hits at least 1:2 risk to reward ratio
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
