MT5 Custom High and Low Indicators Download - Free | Forex Indicators Download - MetaTrader 5 Resources
The custom high low indicator is designed to predict future price movements and identify support and resistance levels . This trading tool plots different price interaction levels on different time frames, from daily to 1 minute charts , using levels and colored lines .
Customized high and low indicator specifications
The table below lists the product's features and specifications in custom high and low specifications.
| Indicator categories: | Support and Resistance MT5 Indicators Signals and Predictions MT5 Indicators MT5 indicator levels |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Elementary |
| Indicator Types: | Inverse MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Intraday MT5 Indicator Scalper MT5 Indicator Fast Scalper MT5 Indicator |
| Trading Tools: | Forex MT5 Indicator Cryptocurrency MT5 Indicator Stock MT5 Indicator Commodity MT5 Indicator Forward MT5 Indicator |
Customized high and low indicators at a glance
The custom high and low indicator seamlessly adapts to various trading strategies with its flexible settings. Users can customize line color and appearance and activate support and resistance levels for their preferred time frame.
bullish trend conditions
An analysis of the NZD/USD currency pair in the 15-minute timeframe demonstrates the functionality of the customizable High and Low indicator .
The chart below illustrates a trend switching from bearish to bullish when price hits the 4-hour support level .
Bearish trend conditions
In Cardano's (ADA) hourly chart, the daily line and 4-hour resistance overlap , forming a strong resistance area .
As you can see from the chart, the price moves downward after encountering this resistance.
Custom high and low indicator settings
The following options are available when customizing high and low support and resistance indicators :
Main Setting
- High Low Period : Defines the calculation period for high points and low points
- Font Size : Adjust label font size
Time Setting
Settings for Support and Resistance The data for all timeframes is as follows:
- Line Show : Enable or disable the display of support and resistance lines
- Line Color : Set the color of the indicator line
- Line Style : Choose the appearance of the line
- Line Width : Adjust the thickness of the support and resistance lines
Alert Setting
- Alert ON : Enables alerts
- Alert Sound ON : activates the indicator’s audible alarm
- Sound File : Select the sound file for the alarm
- Alert Email ON : Enable email alerts
Conclusion
The Custom High Low Indicator is a technical tool that visualizes key price interaction levels . This MT5 Levels Indicator helps traders identify market fluctuations and optimal entry and exit points .
Furthermore, its extensive customization settings allow it to adapt to a variety of trading strategies .
📦 Download attachments/Download Files
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
