if you want to fast find a high low spot in specified timeframe then high low indicator for mt4 metatrader 4 is for you. Sometimes its good to find high low spots on the chart based on pa (price action) this high low indicator for mt4 will show you just that.
The high low indicator for mt4 shows the high and low of the price of the security during the specific time period. When it comes to forex, there are countless tools and measures available, however, some of them are very complex and difficult to use, especially for beginners.
Daily high low indicator mt4 (download link included) this daily high low indicator mt4 is really useful if you want to have yesterdays high and low displayed on your chart. Once you upload the daily high low indicator on your chart, it will look like what you see on the chart below. Daily high low indicators shows two lines showing the high and.
One of the drawbacks of the high low breakout mt4 indicator is that you can use only one instance of the indicator on the chart. For example, if you want the indicator to plot 1 day high low and a 5 day high low, you will need to manually note the levels on the chart.
When start the day, we usually start with gap, so previous days closing and opening of this day are different so, the indicator that i need - two horizontal lines (opening day and previous day close). Sometimes it will close above the opening and other times it will be backwards.
you will now see 20 or 55 daily bars and you can view the high or low of that period. Unfortunately there is no indicator by default that shows this. We do have the currentdayohl indicator available by default, but it only works on intraday charts. It will show the open, high and low for the current day in the chart.
double ihigh (string symbol, int timeframe, int shift) now for example if i want previous year high, i cant put i 365, because it will get the highest high in last 365 days from today. I need a function which can look into the calender end of year and month.
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