diff --git a/strategies/new-52-week-highs-and-lows/README.md b/strategies/new-52-week-highs-and-lows/README.md
index d7f7e71..3b810de 100644
--- a/strategies/new-52-week-highs-and-lows/README.md
+++ b/strategies/new-52-week-highs-and-lows/README.md
@@ -6,6 +6,20 @@ As with most of the strategies from this book, they are meant to illustrate cert
 
 The strategies are based on the [HILO Index indicator](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/indicators/hilo-index) which calculates the difference between the **New 52-Week Highs** and **New 52-Week Lows**.
 
+## Rules
+
+### HILO Index Highs
+
+1. The asset (e.g., SPY) must be above its 200-day moving average.
+2. If the HILO Index closes at its highest value in 5 days, enter a long trade.
+3. Exit the trade 5 trading days (~1 week) later.
+
+### HILO Index Lows
+
+1. The asset (e.g., SPY) must be above its 200-day moving average.
+2. If the HILO Index closes at its lowest value in 5 days, enter a long trade.
+3. Exit the trade 5 trading days (~1 week) later.
+
 ## Parameters
 
 **High / Low Period**: The number of days over which to check for highs / lows. (Default: 5)