Donchian Channel
Back to products
Shved Supply Demand
MT5
Click to enlarge

Custom High Low

With the Custom High Low Indicator MT5, traders can easily identify the highs and lows of a market and take advantage of any short-term price movements. Try Now!

Trading Style

Indicator Type

Timeframe

,

Platform

Downloads - 123

Download now
Add to wishlist
0 People watching this product now!
Category:
Description

Highs and lows of past price action are significant levels of interest in the financial markets. They (Highs and lows) tend to act as support or resistance zones. Besides, highs and lows are also employed during technical analysis to determine the trend direction of the market. For instance, the market is uptrend when it prints steady higher highs and higher lows.

The Custom High Low indicator is a MetaTrader 5 trading tool built with algorithms that detect the highs/lows of the price on multiple timeframes and then display them on a single chart. It’s one of the invaluable Forex indicators that would be beneficial during technical analysis and in identifying trading opportunities.

Features of the Indicator

The Custom High Low indicator for MT5 detects the highs/lows of multiple timeframes and displays them on a single chart with their respective time frames. It also has an alert function that notifies users when the price touches a timeframe of interest. What’s more, the indicator’s parameters are fully customizable.

Benefits of Using the Indicator

  • Support and resistance zones: The highs and lows are potential support and resistance levels to look for trend reversal/breakout trading opportunities.
  • Time-Saving: The indicator’s alert system helps reduce screen time by notifying users when the price touches a high or low interest.

Indicator Description Settings

The indicator comes with the following customizable settings:

HL Period: Period to find the highs/lows.

Font Size: Defines the font size.

M1, M5, M15, M30, H1, H4, D1, W1, and M1: Display price high and low on the M1, M5, M15, M30, H1, H4, D1, W1, and M1 timeframes.

Color: Highs/lows color.

Style: Line style to display highs/lows.

Width: Line width to display highs/lows.

Popup alert: Enables/Disables popup alert on the screen.

Sound alert: Enables/Disables alert sound.

Push Notifications: Enables/Disables signal alert via mobile.

Email Alert: Enables/Disables signal alert via email when price touches a high/low.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Custom High Low”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Auto Trend Channel

,
AutoTrendChannel Indicator for MT4 - Easy trend analysis and trading with automatic channel plotting. Enhance your trading strategy now.
MT4
Quick view
Add to wishlist

Givonly SnR SnD R2

Identify key support, resistance, and profitable trade moments with Givonly SnR SnD R2 indicator for MT4. Indicator is easy to use and can be used by both beginner and experienced traders alike.
MT4
Quick view
Add to wishlist

Darvas Boxes nmc

,
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
MT4
Quick view
Add to wishlist

Bheurekso Pattern

The Bheurekso Pattern indicator is a new and popular technical analysis tool for Forex traders. This indicator uses advanced algorithms to identify bullish and bearish chart patterns. Use the Bheurekso Pattern indicator to identify potential Forex trade setups and take yourself to the next level of success.
MT4
Quick view
Add to wishlist

Zone Indicator

The Zone Indicator is a popular MT4 Forex trading tool that is new to the market and is available as a free download. This is essential for forex traders who rely on support and resistance strategies, trend traders and traders who want to anticipate price action. The Zone indicator automatically displays strong support or resistance levels on the chart.
MT4
Quick view
Add to wishlist

Breakout Trading

The Breakout Trading Indicator is a powerful MT4 tool designed for forex traders who want to catch breakouts in their trading strategy. The indicator scans for potential breakouts and alerts traders when a potential breakout is detected, making it easy to spot profitable trading opportunities. With an advanced algorithm, the indicator identifies key support and resistance levels, helping traders better understand market trends and make informed trading decisions.
MT4
Quick view
Add to wishlist

Fibonacci Pivots

The Fibonacci Pivots Indicator is a powerful MT4 tool for Forex traders looking to predict key levels of support and resistance.Using the Fibonacci sequence, the indicator calculates the pivot levels and displays them on the chart, making it easy to identify potential entry and exit points. The Fibonacci Pivots Indicator works best in trending markets and can be used on multiple timeframes, making it suitable for both short-term and long-term traders. With its clear and easy-to-use interface, this indicator is a valuable addition to any trader's toolbox.
MT4
Quick view
Add to wishlist

Daily Pivot Points

The Daily Pivot Points Indicator is a popular and free MT4 indicator that helps forex traders identify potential support and resistance levels based on the previous day's high, low, and close prices. The indicator calculates several levels of support and resistance, including the main pivot point, three resistance levels, and three support levels, which can be used to help traders identify potential entry and exit points for trades. This new and user-friendly indicator makes it easy for forex traders of all levels of experience to quickly and accurately identify potential pivot points, helping them to make more informed trading decisions.