HRLR & LRLR ICT Indicator for MetaTrader 4 Download - Free - [TFlab]

The High Resistance Liquidity Run (HRLR) and Low Resistance Liquidity Run (LRLR) indicators are effective tools for analyzing price behavior in relation to liquidity zones, derived from the ICT methodology.

The HRLR (High Resistance Liquidity Run) occurs when the price starts to gather liquidity after forming its lowest low, initiating a movement.

This movement leads to the creation ofhigher lows and higher highs, eventually transitioning into an upward trend.

Conversely, the LRLR (Low Resistance Liquidity Run) represents the smooth price movement towards liquidity zones with lower resistance.

In this scenario, theprice moves upward by forming higher lows, reaching new peaks. These peaks represent LRLR (Low Resistance Liquidity Runs) within the trend structure.

Specifications Table of the High-Resistance and Low-Resistance Liquidity Movement Indicator

The table below provides an overview of the indicator's specifications:

Indicator in an Uptrend

On the price chart of the USD/CAD currency pair in the 4-hour timeframe, the price, after forming HRLR (High-Resistance Liquidity Movement), begins creating new lows and highs within an uptrend.

In this scenario, traders can enter buy trades in this key area by confirming patterns such as pin bars or strong bullish candles.

Indicator in a Downtrend

In the following downtrend, the price temporarily grows after a liquidity grab, but after forming two short-term lows, it fails to form higher highs and lows.

Consequently, with the break of one of these main lows, traders can receive the necessary confirmation to enter sell trades in line with the continuation of the downtrend.

Settings of the High-Resistance and Low-Resistance Liquidity Movement Indicator

In the image below, a complete description of the indicator settings is provided, which includes [Display and Indicator Setting]:

• Color Theme of Chart and Object: The background theme of the indicator;
• Bar Count: Counts the number of reversal candles to display the indicator.

Conclusion

HRLR & LRLR indicator identifies key reversal zones or trend continuation areas by analyzing the formation of new highs and lows.

In scenarios wherehigher highs and higher lows or lower highs and lower lows are formed, this indicator plays a crucial role in confirming entry or exit points in a trade.