Understanding the implementation of CLOP HICL CLLO

[geraldoki]

Hi All,
For those of you who might be newbies like myself, I asked TRO about the use of CLOP, HICL, CLLO which we can all see on the TRO-DASHBOARD 2017
Since most of the earleir Videos covered HOLO, RAT and ATR ZONES with less details on these parameters, I felt i should ask in detail how this should be interpreted when looking for a trade setup and this is what he had to say below: I guess you will find this answers very useful
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This was TRO's Initial Reply to my question:

CLOP = close - open which is how far price is from the open

HICL = high - close which is how far price is from the high

CLLO = close - low which is how far price is from the low

Now you know where price is relative to these 3 levels. That's what I call them my PRICE GPS.

For me, I look at HICL and CLLO to see if a pair is in the RAT ZONE. And CLOP tells me if a pair is in the BUY ZONE.

Of course I have other indicators that give that info too, but I like digital gauges.

So, these indicators are use to show me where price is so I can determine if a pair is ready to trade. Understand?

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My Second Question to was Reply was this:
I understand the concept as you have explained , but I will be MOST GRATEFUL if put nos to this Parameters, so that it can further explain what you mean?

1) For example, What numbers should HICL/CLLO Read for MN(0), W1(0) and D1(0) read for you to know it's now in the RAT Zone

2) The CLOP is straight forward from your explanation. If its +ve , then its a buy if -ve is a Sell

3) Thirdly, since we use current candles for Day, Week and Month, How is the CLOSE value determined when the candle has not closed?

4) Finally from your explanation above, are you asserting that HICL and CLLO was strictly designed for RAT Zone trade only or can it be used for other strategies.
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This was his second reply, which really clarified things

1) Rat zone is within 20 pips of the high/low... put 20 in the threshold input.

2) No. Put 5 in the threshold input... when it is within 5 pips of the open, then you can prepare to trade the open cross.

3) Close = current price.. Close is not the same as CLOSED.

4) No. HICL and CLLO are just gauges to tell you where price is.


He has told me to share this on this forum for all others who need clarity on the subject
Hope you found this useful !

[TheRumpledOne]

TRO002.png (83.92 KiB) Viewed 1977 times

A picture may help.

Using the thresholds helps me to know when price is at a level where I might want to place a trade or NOT place a trade.

Magenta color indicates price has met the threshold.

This setup is used to select which pairs to consider to trade.

CLOP magenta - BUY ZONE

HICL/CLLO - RAT ZONE and possible HOLO ZONE and WICK ZONE.