Custom High Low Indicator
0,00 €
The MTF High Low Indicator for MT5 displays the highs and lows of the previous and current daily, weekly, and monthly charts, along with pivot levels for Forex trading. This helps traders identify key support and resistance zones across multiple timeframes.
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The MT5 Custom High Low Indicator is a tool that instantaneously maps out the preceding and present high and low price points on the chart, covering daily, weekly, and monthly intervals. This assists Forex traders in promptly spotting bullish and bearish patterns across varied time scales, which they can then incorporate into their trading methodologies.
With the visualization of crucial price thresholds, this indicator empowers traders to accurately determine favorable entry and exit locations for both BUY and SELL orders.
Essential Attributes:
- Offers customizable parameters to cater to individual trading approaches.
- Designed to be beneficial for both novice and experienced traders.
- Compatible with all timeframes and is accessible for free download and simple installation.
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Key Features:
- Profitability up to 500% per year
- Minimum deposit to start: $100 or more
- Timeframe for trading: M15
- Trading time: 24 hours a day
- Assets for trading: Any
Trading Strategy Using the Custom High Low Indicator
An illustration on the AUD/JPY daily chart highlights how this indicator expertly identifies high and low price points, including pivot levels. This is particularly beneficial for pivot point traders, allowing them to gauge the bigger trend and make informed trades on smaller timeframes.
Because significant high and low points from higher timeframes frequently behave as major support and resistance areas, traders can potentially enter BUY or SELL trades based on these levels.
The Significance of These Trading Levels
High and low price levels from different timeframes are essential in technical analysis as they act as important support and resistance zones. These areas frequently indicate where the price is likely to reverse direction, stagnate, or break out, making them key for effective trading. Professional traders often utilize these levels to set stop-loss orders, define take-profit targets, and validate the robustness of a trend. Integrating the Custom High Low Indicator empowers traders to enhance the precision and confidence in their market entries and exits.
Final Thoughts
The Custom High Low Indicator for MT5 delivers a holistic multi-timeframe perspective, which makes trend analysis more efficient for traders. Irrespective of whether the market is bullish or bearish, this tool strengthens trading decisions by providing precise price levels crucial for technical analysis. In addition, it's free to download and set up, making it a worthy addition to any trading strategy. 🚀
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Instant delivery after purchase
This digital product is delivered to the user's email instantly. You will receive an email with a download link immediately after your payment is confirmed.
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