The Brian HH/LL Daily Indicator is a basic indicator that places pivot points in the charts. The pivot points reveal the currency pair’s high, low, and closing price of the day before and serve as resistance and support. It plots dots to indicate these pivot points.
The indicator operates for 24 hours. Therefore, the indicator works best when it is used on a daily timeframe. However, traders can use the indicator for shorter timeframes, too.
Brian H. Daily Indicator of LL BUY/SELL Signals
To find the buy signal or signals for selling, traders have to identify the resistance and support levels. The indicator plots green dots that indicate levels of support. When the indicator plots these green dots, it is indicating an uptrend. Traders are able to enter long or short positions.
On the other hand, the indicator draws red dots in order to indicate those levels of resistance. If you see a dot red, investors are able to either take short or exit long positions. If the indicator shows green and red dots, traders need to wait for price action to follow its direction before taking positions.
Conclusion
The Brian HH Daily Indicator illustrates pivot points in addition to the resistance and support levels. The traders can pinpoint the exact entries and out points using the assistance of the levels. You can also download the indicator at no cost on our website.
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