MTF HIGH LOW INDICATOR MT4

• MTF High Low Indicator for MT4 plots high and low of previous and current daily, weekly and monthly charts with pivot for forex trading. Free to Download

The MTF High Low Indicator for MT4 plots the previous and the current daily, weekly, and monthly high and low levels in the chart. Additionally, it plots the daily, weekly, and monthly pivot lines in the chart.

Moreover, the indicator displays the daily, weekly, and monthly chart areas as a rectangle. As a result, forex traders can easily identify the BULLISH or BEARISH trends in multiple time frames and incorporate them in any technical trading strategy. So the indicator can assist the trader in identifying the best BUY and SELL entry and exit points.

• The indicator works best for new and advanced traders. It works on all timeframes and forex traders can download the indicator for free and install them easily.

MTF High Low Indicator For MT4 Trading Setup

• The above EURUSD H4 chart shows the MTF high low indicator for MT4 in action. The indicator shows all the necessary high and low levels together with the pivot lines. So, pivot traders can identify the trend in the higher timeframes and decide to BUY or SELL in a lower time frame chart. Also, the highs and lows of the higher timeframes tend to be the best entry point to BUY or SELL. It is obvious to find all the information in a snapshot and apply them accordingly in a technical trading strategy.

Conclusion

Obviously, the MTF high low indicator for MT4 provides a snapshot of multiple timeframes to the forex trader. As a result, they assist the trader in both BULLISH and BEARISH trends effectively.