Highest High Value [ChartSchool] (2024)

Highest High Value [ChartSchool] (1)

Table of Contents

  • Highest High Value

    • What is the Highest High Value Indicator?

    • Charting the Highest High Value Indicator

    • Trading With HHV

What is the Highest High Value Indicator?

The Highest High Value indicator plots the highest price reached in a specific number of periods. The default period is 14 but you can change that in the StockChartsACP platform.

Charting the Highest High Value Indicator

The Highest High Value is plotted as an overlay on the price chart.

  • In the StockChartsACP platform, enter a symbol.

  • Scroll down in the Add Indicator section and select Highest High Value.

  • Under the HHV settings, select the number of periods to use, line style, opacity, color, and an overlay for the HHV.

  • The HHV is plotted as a line that touches the highest high values of the specified periods.

Highest High Value [ChartSchool] (2)

Trading With HHV

Since the Highest High Value represents the highest high observed over several periods, you could use it to make entry and exit decisions. For example, if price breaks through the upper band, it could indicate that price will continue moving higher if the Highest High Value continues to move higher. If the indicator flattens out and starts turning lower, it could indicate an overbought condition. This could be an alert to exit a long position.

To help determine an exit point, it helps to add the Lowest Low Value.

Highest High Value [ChartSchool] (2024)

FAQs

What is the highest high value indicator? ›

What is the Highest High Value Indicator? The Highest High Value indicator plots the highest price reached in a specific number of periods. The default period is 14 but you can change that in the StockChartsACP platform.

Which is the most successful stock indicator? ›

10 most popular indicators for trading
  1. Moving Average. ...
  2. Exponential Moving Average (EMA) ...
  3. Moving Average Convergence Divergence (MACD) ...
  4. Stochastic Oscillator. ...
  5. Bollinger Bands. ...
  6. Relative Strength Index (RSI) ...
  7. Fibonacci Retracement. ...
  8. Standard Deviation.

What is the most accurate technical indicator? ›

Stochastics are a favored technical indicator because they are easy to understand and have a relatively high degree of accuracy. It falls into the class of technical indicators known as oscillators. The indicator provides buy and sell signals for traders to enter or exit positions based on momentum.

What is the most powerful indicator in TradingView? ›

Best TradingView Indicators
  1. Best TradingView Indicators: Volume Profile HD. The Volume Profile HD indicator is a critical tool for visualizing trading activity in the futures market. ...
  2. Best TradingView Indicators: Supertrend Indicator. ...
  3. Best TradingView Indicators: RSI. ...
  4. Best TradingView Indicators: Bollinger Bands.
Feb 8, 2024

What are big 3 indicators? ›

Big 3 combines Taylor's checklists and favorite indicators to create the Big 3 signals. Big 3 stands for Trend, Structure, and Momentum. Criteria that when met can lead to powerful directional moves.

Which indicator has the highest accuracy? ›

The Moving Average Convergence Divergence (MACD) indicator is often considered one of the most accurate technical indicators. That is because it uses a combination of moving averages to spot potential buy and sell signals.

Which indicator is most profitable? ›

Best trading indicators
  • Moving average (MA)
  • Exponential moving average (EMA)
  • Stochastic oscillator.
  • Moving average convergence divergence (MACD)
  • Bollinger bands.
  • Relative strength index (RSI)
  • Fibonacci retracement.
  • Ichimoku cloud.

What is the most successful stock predictor? ›

AltIndex – We found that AltIndex is the most accurate stock predictor for 2024. Unlike other providers in this space, AltIndex relies on alternative data points, such as social media sentiment and website analytics. It also uses artificial intelligence to convert its findings into risk-averse stock picks.

Which indicator is better than MACD? ›

Relative Strength Index (Rsi) Indicator Explained

When it comes to identifying overbought and oversold conditions in the market, RSI performs better than MACD. RSI also generates signals based on the asset's price action, making it a reliable tool for traders looking to buy low and sell high or vice versa.

Which is the most predictive technical indicator? ›

1. Moving Average Indicator (MA) The moving average indicator is one of the most popular technical indicators and it's used to identify a price trend in the market. For example, if the short-term MA crosses over the long-term MA, this is an indication that there might be an upward trend coming up in the future.

Which indicator is more reliable? ›

Some of the most reliable momentum indicators are relative strength index (RSI), stochastic oscillator, and moving average convergence divergence (MACD). RSI is a popular indicator that ranges from 0 to 100 and shows how strong or weak the price is compared to its previous levels.

What chart do most day traders use? ›

Candlestick and Heikin-Ashi charts provide unique visualizations, aiding traders in the analysis of price dynamics and the identification of: Key price levels. Trends.

What is the number one indicator for trading? ›

1. Simple Moving Average (SMA) A simple moving average is… a trading indicator that takes the average of multiple price points over time to create a single trend line. This trend line can show whether the value of an asset is increasing (bullish) or decreasing (bearish).

What is the most profitable time to day trade? ›

The closest thing to a hard-and-fast rule is that the first hour and last hour of a trading day are the busiest, offering the most opportunities. But even so, many traders are profitable in the off-times as well.

What is the highest high and lowest low indicator? ›

Highest High and Lowest Low are two technical analysis indicators that do exactly what they say: plot the highest and the lowest asset price over the price chart in the form of two lines. These two simple yet effective indicators can turn into a powerful trading system when combined.

What are high level indicators? ›

High level indicators are usually the ones which are the most difficult to track. That is because they might need some work done in order to get them.

What is the best leading indicator? ›

Examples of Leading Indicators:
  • Relative strength Index. RSI oscillator is mainly used to measure the rate at which stock and other assets price movements occur. ...
  • Stochastic Oscillator. A stochastic oscillator is said to be one of the accurate indicators. ...
  • Commodity Channel Index.

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