Accurately grasping trends is the foundation for profitable trading. There is a saying among traders "The trend is your friend", and for good reason because it can be very dangerous to trade against the trend.
The Simple Harmonic Index (SHI) is useful tool for trend analysis. By using the SHI, you can easily see whether the market is in an up-trend or in a down-trend.
Let's introduce such an SHI indicator here.
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