hacolt indicator settings for daytrading on lower

HACOLT is an indicator optimized for long-term trading, and it shows three levels: 0, 50, and 100. These levels suggest "an open short position," "no open position," and "an open long position."

For day trading on lower time frames, you can adjust the settings of the HACOLT indicator to better suit your trading strategy. One approach is to turn off the "longtermperiod" and adjust the default based on the main timeframe you use for trading, such as 5 minutes.

Another approach is to use a combination of indicators, such as the Heikin-Ashi indicator, to help you identify potential trading opportunities.

Ultimately, the best settings for the HACOLT indicator will depend on your specific trading style and the market conditions you are dealing with.