Highs and lows are important intact levels for price action strategies. The main idea of Custom High Low indicator is being capable of notice potential entries on more trading levels, which may be a big benefit for traders monitoring large number of charts and instruments.
High price is represented by green dotted line.
Low price is represented by red dotted line.
Minimum period for calculating high and low is one day.
Indicator calculates high and low only from closed days.
How to use
- Add Custom High Low indicator to the chart.
- Set number of days from which high and low are calculated.
Tip: The higher number of days is set, the stronger levels are indicated.