Free Forex Indicators (MT4), Trend Following Indicators

Highest-Lowest Indicator

The Highest-Lowest Indicator maps the possible highs and lows of the market, helping traders identify perfect price retracement zones for anticipating buy/sell orders.

Determining precise price swing levels is a crucial task for both scalpers and trend-based traders. Since the price keeps rotating while moving in a direction. So, you can spot the right area to enter means you’re up for a profitable trading career.

The Indicator does this critical task in a quite simple way that makes traders more comfortable finding the ket price levels to trade.

Highest-Lowest Indicator Overview

The Highest-Lowest Indicator suits all MT4 timeframes and allows MTF chart analysis for any financial assets you like to trade. We’ve found this indicator extremely effective when applied to major forex currency, stocks, and cryptocurrency charts.

Highest-Lowest Indicator

Highest-Lowest Indicator Explanation

The dual blue-color bands of the indicator show the possible higher and lower boundaries of the price waves based on the current market volatility and past price action activities.

Here, you’re required to be pretty focused on how the price behaviors while meeting the indicator’s dynamic support/resistance areas.

Highest – Lowest Indicator explanation

For longs, we’ll target the lower indicator levels. Multiple rejections in the support zone indicate buying opportunities.

Conversely, go short when the price fails to break the upper resistance and rebounds towards the south. In both cases, use the dynamic S/R zones as stop-loss limits for existing orders.

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Buy Signal Generation with Highest-Lowest Indicator

Highest – Lowest Indicator buy signal
  • The price plots multiple rejections at the lower band and starts swinging upwards
  • Place SL below the dynamic support zone
  • Take profit once the price clearly rebounds from the indicator resistance

Sell Signal Generation with Highest-Lowest Indicator

Highest – Lowest Indicator sell signal
  • The price fails to move above the dynamic resistance and starts declining from the respective zone
  • Set the Stop-loss limit above the resistance territory
  • Exit sell orders if the price denies breaking below the lower band
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.