High Low Indicator

Default period: 52

In the High Low indicator, there are two lines plotted on the chart.

The upper line represents the 52-period high and the lower line represents the 52-period low. A rising upper line indicates that the price is in a new high zone, which is considered bullish. The falling lower line is bearish because it shows that prices have entered a new bearish zone.

On a weekly chart, the 52-period indicator can be used to analyse 52-week highs and lows. By increasing the value to 250, it can also be used on daily charts. The user has the option of changing the period.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.