In the world of investment, Open High Low (OHL) is used as a tool and its purpose is to find patterns and opportunities in financial markets. It looks among assets like stocks or currencies to look after opening, highest, and lowest prices. This tool mainly works as a computer program or a website that helps traders and investors make smarter choices.

Now let's identify what it does in simpler terms:

Looking at data: It watches out for the prices of different things like stocks and commodities mainly it shows how much something costs when the trading starts, the highest price it reaches, and the lowest price it goes down.

Finding Patterns: These types of scanners are able to find certain patterns in prices. For example when the price has started and when it has touched its lowest price so that it can be determined what its pattern is showing and most importantly it can also tell traders useful things about what might happen next.

Picking What Matters: Those people who use Open High Low can really tell what they are looking for. For example, they might need to find the stocks that are used to start way higher than ever before and are still going higher. Then eventually scanner shows a list of things that match these rules.

Quick Updates: Usually open high low scanners work really fast, the newest traders are using the newest information. This usually helps traders a lot to act quickly if the market changes.

Making it Yours: To fit your own style you can change how the OHL scanner works. You can easily check and choose how often to check prices, what kind of price changes you are supposed to pay attention to, and which things to scan.

Getting Alerts: Many Open High Open Low scanners can send alerts on their own. These messages tell a trader when something important is used to happen. It clearly means that traders need to watch all the time.

Smarter Choices: With an Open High Low scanner, investors and traders can very easily find good times to start or stop trading too. And with the help of this, you will be able to get ideas mostly about what people are thinking and where prices might go.

Being Safe: OHL scanners are a very good tool that helps traders to know when they are supposed to stop trading which will eventually help to avoid losing too much money if things go bad by any chance.

In short, an Open High Open Low scanner is a useful tool for traders and investors. It helps them find important patterns in prices quickly. This lets them make better choices and react fast when they see chances or dangers in the market. But remember, using these tools wisely along with understanding how trading works is key to doing well.

Overall, for traders and investors Open High Low Scanner is a very useful tool that helps them out in a major way like a scanner that helps them to find important patterns in prices quickly. 

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Conclusion

The information provided in this blog is for educational purposes only and should not be considered financial or investment advice. Trading in stocks and securities involves risks, and individuals should carefully evaluate their financial situation and consult with professionals before making any trading decisions, you can take the help of Finskool advisory service which will increase your chances of earning profit.