If 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!
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