Price (HLC) breaks indicator

Trading

Maybe one of the most effective indicator that I use on daily basis, Price breaks.

Again and again you can see how previous day/week/month's high/low and especially close act as support/resistance and how price bounces off these levels.

The shapes:

  • month's high/low/close are marked with circles

  • week's high/low/close marked with crosses

  • day's high/low/close with lines

The colors:

  • red - the highs

  • green - the lows

  • blue - the closes

../../img/price-breaks.png

Trade long and prosper!

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