THEORY / METHODOLOGY:
If the uptrend is strong, the later high will have a greater number than the previous high indicating an opportunity to go long. In a downtrend the lower high should have a lower than the previous lower high indicating an opportunity to go short. If it does not, it is an indication that the trend is weakening.
If the has higher highs and Higher lows and a strengthening , look for Long opportunities on the lower time frame. If the has lower highs and lower lows and a weakening , look for Short opportunities on the lower time frame.
This methodology works best and produces the most opportunities when the markets are active, i.e. between 6AM-11AM EST
Thanks to Tr0sT for the original High-Low indicator.
High Low Indicator:
Updated the Screenshot to adhere more to community standards (oops!)
Fixed a few typos in the comments
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