Hodrick Prescott indicator is forex trading indicator. It is a moving average based trading indicator. The Hodrick Prescott indicator is actually a trading setup that is backed by two moving averages. The Hodrick Prescott indicator is useful for the experienced traders as well as for the beginner traders.
The Hodrick Prescott indicator is a trend following trading indicators which generate buy and sell signals based on the moving averages. The trend of the market is major concern of these trading indicators. These indicators let us know the direction of the market and enter in the direction of the market.
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