High Low Indicator for MT4

high low indicatorIf you want to fast find a High / Low spot in specified timeframe then High Low Indicator for MT4 / MetaTrader 4 is for you.

Sometimes its good to find High / Low spots on the chart based on PA (Price Action) This High Low Indicator for MT4 will show you just that. You have multiple ways to set it up… With this indicator you can select Hourly, 4 Hourly, Daily, Weekly and Monthly High / Low positions. Set Colors on it and Labels. Additional to all this you can set how you would want to draw the High / Low line.

High / Low spots are usually good to have a quick view of high / low support, resistance lines. Sometime PA will bounce from then and other times its good to play breakout out of this lines. But if you have a chance to have MTF (multiple timeframes) of High / Low lines on same chart then this should be a big advantage to you!

 

This are the available settings for High Low Indicator:

  • high low indicator settingsH1: enable or disable Hourly High/Low
  • ObjH1: How many bars in history to use for Hourly High/Low
  • H4: enable or disable 4 Hour High / Low
  • ObjH4: How many bars in history to use for 4 hour High / Low
  • D1: enable or disable Daily High / Low
  • ObjD1: How many bars in history to use for Daily H/L
  • W1: enable or disable Weekly High / Low
  • ObjW1: How many bars in history to use for Weekly H / L
  • M1: enable or disable Monthly High/Low
  • ObjM1: How many bars in history to use for Monthly High / Low
  • Colors: this is just a comment
  • BarsHigh: Color for High line
  • BarsLow: Color for Low line
  • LineLable:
    • 0: No Label
    • 1: Enable Bar’s Label with Bars Index
    • 2: Enable Bar’s Label with Bars Index and Price
  • H1Position: if set to True draw line only on right side of chart for Hourly chart
  • H4Position: if set to True draw line only on right side of chart for 4 Hour chart
  • D1Position: if set to True draw line only on right side of chart for Daily chart
  • W1Position: if set to True draw line only on right side of chart for Weekly chart
  • M1Position: if set to True draw line only on right side of chart for Monthly chart

 

High Low Indicator for MT4

Download 10.19 KB 7218 downloads
File
HL_Objects.mq4

 

How to install High Low Indicator in MetaTrader 4 / MT4:

  1. Download/Copy/Save the MQ4/EX4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder (or change the folder to your installation sometimes forex broker name)
  2. Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
  3. On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Custom Indicators” section
  4. Locate the indicator which you have just downloaded into the folder stated in Step 1
  5. Drag (Click and drag) the indicator onto the chart
  6. Choose your settings and click OK.
  7. TADA and your done!

 

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5 Responses to High Low Indicator for MT4

  1. fendy March 10, 2014 at 08:44 #

    not working..

  2. Quentin May 12, 2014 at 20:35 #

    This does not work. I suspect that it needs the accompanying EX4 file…………

  3. PaulEamonn July 23, 2014 at 15:44 #

    Hi

    The indie I down loaded and put onto my chart doesn’t look anything like the one on the image.

    Am I clicking on the correct button or am I getting the wrong file?

    Thanks.

  4. Frank October 18, 2014 at 01:42 #

    Hello there: Re: High Low Indicator for MT4

    Would really love to get this indicator going. I have downloaded it several times and nothing I do makes it work? I have placed in the correct folders, however when I drag it to chart, nothing happens.

    Any suggestions?

  5. admin February 21, 2015 at 12:19 #

    This indicator is fixed and it should work now just download it again

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