HCS Bands denote the range bounds for the intraday market. A range bound market will typically oscillate between the HCS Bands. Breakouts will typically see price extension at least until the bands catch up with the price.
HCS Bands are generic and can be used on multiple assets but recommended only for /ES (and /MES) and /NQ (and /MNQ).
Sample /ES chart
Sample /NQ chart
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