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Yesterday High Low Break Monitor

The Yesterday High Low Break Monitor indicator for MT4 that monitors multiple assets above/below yesterday’s high or low. The indicator is a great tool for anyone looking to make the most of their Forex trading. It is free and easy to use, making it a popular choice among traders.

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Description

The Yesterday High Low Break Monitor indicator for MT4 is a trend-following trading tool that detects when the price of an asset is trading above/below yesterday’s high and low. It simultaneously scans different assets in the financial market and notifies traders of assets above or below yesterday’s high and low.

Therefore, the indicator helps traders keep a tab of different market pairs in one chart in anticipation of trading opportunities or a specific price movement. The indicator would come in handy in identifying trend reversal or continuation trading setups at yesterday’s high/low of the price.

Features of the Yesterday High Low Break Monitor Indicator

The indicator is a multi-time analyzer that monitors financial assets across different pairs. It has a button that turns to a lime color when the price is above yesterday’s high. Conversely, the button turns orange when the price is below yesterday’s low.

Furthermore, the parameter of the indicator offers flexibility, enabling users to customize it to their specific needs and preferences.

Benefits of Using the Indicator

  • Enhance Trading Efficiency: The Yesterday High-Low Break Monitor indicator helps traders anticipate potential trend reversal or breakout opportunities with better precision.
  • Time-Saving: The indicator continuously monitors the price movement to detect asset trading above/below yesterday’s high or low, saving the time it would take traders to scan the chart manually.

Indicator Settings Description

The indicator comes with the following customizable settings:

Price to refresh in seconds: Determines the time (in seconds) for the price to refresh.

SortByPipChange: Enables/Disables the indicator to sort the assets by pips.

SortByPairName: Enables/Disables the indicator to sort the assets by their names.

Hide Price Change: Enables/Disables the indicator to hide price changes.

Buttonwidth: Defines the width of the button.

ButtonHeight: Defines the height of the button.

UpButtonColor: Determines the color of the up button.

DownButtonColor: Determines the color of the down button.

NeutralButtonColor: Determines the color of the neutral button.

Fontsize: Determines the font size to display text.

Fontcolor: Determines the font color.

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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.

 

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