High/Low Mod - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
It is a very old version of the High/Low indicator (basically the idea came from the Gann High/Low Activator with some modifications).
Modifications were made at that time that allowed users to use the indicator in scalping, but also in trend mode.
Usage is very simple:
Attachment download
📎 hi-low_mod.mq5 (6.61 KB)
Source: MQL5 #19823
High/Low mod - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
High/Low mod - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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