Every trader wants to trade perfectly. Many traders at the beginning of their trade did not get profits so they decide to quit trading but it happens because they are not using the right and perfect tools for their guidance. Many successful traders use different tools and indicators for ease in their trade and they will be benefited by the guidelines of the indicators.
If you are a beginner then you have to trade for a month in a demo account it creates positive points for your trade and helps you to trade in a better manner. Today, I will tell you about an indicator which is helpful in your daily use ad you can get healthy profit by using this indicator. Today, we will discuss the High and Low Indicator MT4.
Details of high low indicators
The high and low indicators an advanced and unique indicator which used for high and low prices in the market trend. This indicator is used to detect or indicate whether the price is getting high in the market trend or the price is getting low in the price trend. Different strategies are used in every indicator which helps the trader to trade easily.
These indicators help the traders to make a healthy and decent profit so that they can utilize this profit for their use. If we talk about this indicator so this indicator is very helpful for daily trade because it shows high and low price over a specific time frame.
High and low indicators are often used as support or resistance levels. This indicator is designed for Forex trading and binary trading. This indicator is specialized for Meta trader 4 and Meta trader 5 platforms.
high and low indicators is very useful because if you are using daily timeframe and you want to see high and low marked price ranges of yesterday you can use this indicator for observing the difference between yesterday’s price signals and today’s price signals. This indicator is very helpful because it uses different timeframes and can indicate the difference between different timeframes signals.
High/low indicator has a specific pip. Pip is a specific point in the indicator which tells you about high or low trends in candlestick pattern. Different colour schemes are also used in this indicator for the ease to understand.
Colours used in this indicator are Green, black, red, and white. Green and white colour is used for the candlestick pattern. White colour is also used for specific pip. The black colour is used for background in the indicator. The red colour is used for indicting high and low trend in the market signals. Specific pip for this indicator is 113.921.
USES of high low indicator
Everything has uses and misuses.high low indicator also has some uses which I am going to mention here. This indicator is used to show a high price and low price ranges in the market trend. As we know that price of anything will not remain the same every time it changes concerning time.
high low indicator will help you to finds the changings in the price. This indicator also helps you to observe the difference between different timeframes. This indicator uses different colours for easy to understand. It is one of the best indicators because it is free and easy to use and understand.
Uses of high low indicator:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: high low indicator
Recommended broker: All trusted brokers
Remember, Before use high low indicator you can test on Demo account. When you will expert then you will use in Real account of trading.
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