Facilitating Haurlan Index
The best way to be successful in forex market is to select the perfect set of indicators which are suitable for the trading style for a particular trader. But we all know that finding the exact indicators is a very hard task.
Haurlan Index is a technical indicator which was first introduced in forex market in 1960 and it is one of the overbought indicators. Moreover, Haurlan Index has mainly three elements and those are short term, intermediate term and long term. In short term if the signal shows that market is dropped by -150 than it will not show any more signals. On the contrary, if the index is above 100 then it means you can sell or buy in the market. However, intermediate tem is the most useful index among the three and it shows the changes of the market of 20 days. In this index if the market is crossing its usual trend line then it is the time to sell and if the market is below the trend line then it is time to buy. Long term is mainly used to find out the trends of the market. Moreover, it shows the primary and future trends of the market.
Finally, we would like to say that Haurlan Index is an over sold indicator and it is used by the traders over a long time.