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Highest high – Lowest Low MT5 Indicator for free

MT5 indicator for free

With great pleasure we give you access to our free Highest high – Lowest Low MT5 Indicator for free that we think will be useful to you. Feel free to download and share it.

For any questions, do not hesitate to contact us!

We advise that you read and make sure you understand the entire system before putting it into practice. Experiment and gain experience in demo accounts before trading with your own money. If you find that you need further help or have any questions, do not hesitate to contact us.

Happy trading, Bulls and Bears trading team

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Please do not trade during economic news. Use our Еconomic calendar for this purpose.

Please be aware of the loss, risk, and personal or otherwise consequences of the use and application of this trading software’s content. The creator and the publisher are not responsible for any actions that you undertake and will not be held accountable for any loss.

Highest high - Lowest Low MT5 Indicator for free

Here we are using the highest high and lowest low as support and resistance levels. The magic happens when combining two highest high and two lowest low calculations. The slow channel formed that way is treated as the trend determining channel. The fast channel is the short-term channel drawn within the main longer-term channel. That way we have a combination of fast and slow estimations of SR and short-term trends within the current trend. Of course, the estimation of the trend is based on highest high and lowest low, and even though it does not repaint, it is to be used like any normal trend based on such values. The fast channel can be used for short-term support resistance (or targets for exits - depending on your trading strategy). The same can be done using the long-term channel.
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