![Custom High Low Indicator for MT4 Download - Free - [TradingFinder]](https://cdn.tradingfinder.com/image/277897/13-87-en-custom-high-low-mt4-01.webp)
![Custom High Low Indicator for MT4 Download - Free - [TradingFinder] 1](https://cdn.tradingfinder.com/image/277898/13-87-en-custom-high-low-mt4-02.webp)
![Custom High Low Indicator for MT4 Download - Free - [TradingFinder] 2](https://cdn.tradingfinder.com/image/277900/13-87-en-custom-high-low-mt4-03.webp)
![Custom High Low Indicator for MT4 Download - Free - [TradingFinder] 3](https://cdn.tradingfinder.com/image/277899/13-87-en-custom-high-low-mt4-04.webp)
The Custom High Low Indicator is designed to display Support and Resistance levels. This MT4 Support & Resistance indicator plots the high and low levels of different time frames on the trading chart, from monthly to 1-minute charts.
The Custom High Low Indicator simultaneously displays past and current levels. These levels are used in technical analysis to predict future price movements.
Custom High Low Indicator Specifications
The specifications and features of the Custom High Low Indicator are listed in the table below:
| Category | Signal & Prediction - Support & Resistance - Levels & Zones |
| Platform | MetaTrader 4 |
| Skill Level | Beginner |
| Trading Tool Type | Reversal - Continuation |
| Time Frame | Multi Time Frame |
| Trading Style | Fast Scalping - Scalping - Intraday Trading |
| Markets | Cryptocurrency - Forex - Stocks – Commodities |
Bullish Trend Condition
Analyzing the AUD/USD currency pair in the 1-hour time frame demonstrates the performance of the Custom High Low Indicator.
The image shows that the price has touched the daily support level and turned bullish.
Bearish Trend Condition
According to the 5-minute Bitcoin (BTC) chart analysis, the price has returned to the 1-hour resistance level and turned bearish.
The levels plotted by the Custom High Low Indicator simplify trend direction analysis and price reaction points.
Custom High Low Indicator Settings
The following settings are available in the Custom High Low Support & Resistance Indicator:
Main Setting
- High Low Period: Defines the calculation period for highs and lows
- Font Size: Adjust the label font size
Time Setting
Settings for support and resistance levels across all time frames are as follows:
- Line Show: Enables or disables the display of support and resistance lines
- Line Color: Sets the color of indicator lines
- Line Style: Select the appearance of the lines
- Line Width: Adjusts the thickness of support and resistance lines
Alert Setting
- Alert ON: Enables alerts
- Alert Sound ON: Activates the indicator's sound alert
- Sound File: Select the sound file for the alert
- Alert Email ON: Enables email alerts
Conclusion
The Custom High Low Indicator, as one of the MT4 Levels indicators, plots key price interaction levels using colored lines.
The plotted levels provide a clear view of market fluctuations and trend direction. This indicator's extensive settings allow users to customize the colors, appearance, and display of levels.
Does this indicator generate entry and exit signals?
No, this indicator only plots support and resistance levels and does not provide entry or exit signal
Is this indicator only usable in the Forex market?
No, this indicator can be used in all markets without any restrictions.