MT4 Custom High and Low Indicators Download - Free | Forex Indicators Download - MetaTrader 4 Resources

The custom high and low indicator is designed to show support and resistance levels . This indicator plots the high and low levels on trading charts on different time frames, from monthly to 1 minute charts.

The custom high and low indicator displays both past and current levels. These levels are used in technical analysis to predict future price movements.

Customized high and low indicator specifications

Specifications and features Customized high and low indicators are listed in the table below.

Overview of custom high and low indicators

The Custom High Low Indicator offers flexible settings and adaptable to various trading strategies . Users can modify the color and appearance of the rows and enable support and resistance levels for their preferred time frame.

bullish trend conditions

Analyzing the 1-hour time frame in the AUD/USD currency pair demonstrates the performance of the custom high and low indicator .

The chart shows that price has hit daily support level and turned bullish .

Bearish trend conditions

According to the 5-minute Bitcoin (BTC) chart analysis , price is back at 1-hour resistance and turned bearish .

Customized high and low indicators for drawing levels simplify trend direction analysis and price reaction points .

Custom high and low indicator settings

The following settings 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 , as one of the MT4 level indicator , plots key price interaction levels using colored lines.

The drawn levels provide a clear view of market fluctuations and trend direction . This trading tool's extensive settings allow users to customize the color, appearance and display of levels .