The Low High price forex MT4 indicator displays the low and high price on the main Metatrader 4 chart for the following timeframes:
H1, H4, D1 and W1
It’s an excellent indicator to spot the major support and resistance prices in one chart window.
There’s no need to scroll back and forth through various timeframes, this indicator will automatically display the most import support/resistance information for you in one easy to trade chart.
Download the “PreviousCandleHiLo.mq4” MT4 indicator
The EUR/USD H1 chart below displays the Low High price forex indicator in action.
Basic Trading Signals
This indicator can be useful to trade breaks above resistance and below support:
Buy Trade: Go long when price closes above an important resistance level
Sell Trade: Go short when price closes below an important support level
Download the “PreviousCandleHiLo.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Prev H1 color, Prev H4 color, Prev Day Color, Prev Week color) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the PreviousCandleHiLo.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)