MT4 Multi Time Frame High and Low Indicator Download – Free – [TFlab] | Forex Indicator Download – MetaTrader 4 Resource

The Multi Time Frame High and Low Indicator (MTF High and Low) plots daily , weekly , and monthly highs and lows directly on the chart.

Based on the levels drawn on this MT4 Levels Indicator , traders can identify bullish and bearish trends across multiple timeframes . In addition to the current level, the indicator also plots previous highs and lows labeled "Previous."

MTF high and low indicator specification table

The table below lists the specifications and features of this product with high and low MTF indicators.

bullish trend conditions

According to the 1-hour chart of XAU/USD , the upward movement started from the previous weekly low . The breakout of the previous month’s high also confirms the strength of the bullish trend .

Bearish trend conditions

On a 1-hour basis Bitcoin (BTC) chart, the downtrend started from the previous daily high . The trend briefly retraces upward, forming a current daily high , which provides a potential entry opportunity.

Moreover, the breakout of the previous day's low confirms the strength of the bearish trend .

MTF high and low indicator settings

The image below shows the available settings for the MTF High and Low indicator :

• Show Daily Lines : Enable/disable daily high and low lines
• Daily Color : Set the color of daily levels
• Daily Style : Select daily level line style
• Daily Width : Set line thickness
• Daily RayRight : Extend the daily line to the right side of the chart
• PreD_Color : Color of the previous daily level
• PreD_Style : The style of the previous daily line
• PreD_Width : The thickness of the previous daily line
• PreD_RayRight : Extend the previous daily line to the right
• Show Weekly Lines : Enable/disable weekly high and low lines
• Week Color : Set the weekly level color
• Week Style : Select a weekly level line style
• Week Width : Set the weekly level line thickness
• Week RayRight : Extend the weekly line to the right side of the chart
• PreW_Color : The color of the previous week's level
• PreW_Style : The style of the previous weekly line
• PreW_Width : The thickness of the previous perimeter
• PreW_RayRight : Extend the previous weekly line to the right
• Show Custom Lines : Enable/disable custom time range levels
• CustomTF : Define the desired custom time range
• Custom Color : Customize high and low level colors
• Custom Style : Customize the style of the time range line
• Custom Width : Customize the line thickness of the time range
• Custom RayRight : Extend the custom line to the right
• PreC_Color : color of previous custom time range levels
• PreC_Style : Style of previously customized time range lines
• PreC_Width : The thickness of the previously customized line
• PreC_RayRight : Extend the previous custom line to the right

Conclusion

The Multi Time Frame High Low Indicator (MTF High Low) draws daily , weekly , and monthly highs and lows using horizontal colored lines. With this trading assist , traders can analyze price range areas more efficiently .

Furthermore, the indicator offers full customization for timeframe selection , color , and line style within the settings panel.