Hi guys, Check the Michael’s article on High/Low Moving Average Indicator.

Michael explains how this great tool used commonly by futures traders can be applied to binary options trading too!

The High/Low Moving Average indicator is a tool used by futures traders. This tool similar to moving average envelops and price channels but uniquely simple. This tool utilizes two moving averages, one based on high prices and one based on low prices. This is different from the typical moving average which is based solely on closing or typical prices. The average creates a price channel that can be used in a number of ways to generate signals and to confirm trends, support and resistance. Is this tool one that can be used by binary traders? I think so but like most indicators it does come with some caveats.