Higher Highs & Lower Lows Indicator
The Higher Highs & Lower Lows is a momentum indicator–based system that helps determine the direction of a trend. This HHLLS indicator can be used to spot emerging trends, define correction periods and anticipate reversals. Signals can also be generated by looking for divergences and crossovers. Because the HHS & LLS indicator is range-bound, it can also be used to identify overbought and oversold levels.