Hight Low Indicator MT4

Hight Low Indicator MT4: Spot Key Price Levels with Precision

In the world of forex trading, timing your entries and exits can be the difference between a winning trade and a losing one. That’s where the Hight Low Indicator for MT4 comes in—it helps traders quickly identify the most important support and resistance zones based on the highest and lowest prices within a certain timeframe.

Whether you're a seasoned trader or a complete newbie, this simple yet powerful indicator can upgrade your chart analysis. And the best part? It’s lightweight, beginner-friendly, and absolutely free to download on fxcracked.org.

Let’s dive into how this free forex indicator works, what makes it stand out, and how you can start using it on MetaTrader 4 to sharpen your trades.

What Is the Hight Low Indicator MT4?

The Hight Low Indicator MT4 is a technical analysis tool that draws horizontal lines at the highest high and lowest low within a specific period—like daily, weekly, or monthly candles. These levels often act as strong areas of support and resistance, helping traders make decisions based on where price has previously reversed or stalled.

It’s especially useful for:

Scalpers who need quick decision levels

Swing traders looking for key reversal zones

Breakout traders waiting for price to surpass major highs/lows

In essence, it provides a clear visual roadmap of price boundaries so you don’t trade blind.

Key Features of the Hight Low Indicator MT4

• Simple Interface – No clutter, no flashy signals. Just clean horizontal lines that show you key price levels at a glance.

• Adjustable Timeframes – You can set it to plot daily, weekly, or even monthly highs and lows.

• Multi-Timeframe Support – Use it on M15, H1, or D1 charts; the indicator adapts and recalculates dynamically.

• Visual Guidance – Color-coded lines (e.g., red for highs, green for lows) make them easy to spot.

• No Lag – Doesn’t repaint or lag behind price—what you see is what the market has actually done.

• Works with Any Pair – EURUSD, GBPJPY, Gold, Indices... if it's on MT4, this indicator will chart the highs/lows.

• Supports Alerts – Some versions offer price-touch alerts, so you never miss key price action.

• Great for Backtesting – Want to test a breakout strategy? Use this indicator to see if your entries align with past highs/lows.

• Lightweight – Won’t slow down your MetaTrader 4 terminal.

• Free to Download – Yep, 100% free on fxcracked.org.

Why This Indicator Works So Well

Markets often repeat themselves. When price reaches a previous high or low, it either bounces off it or breaks through—creating an opportunity for both reversal and breakout trades. The Hight Low Indicator helps you visually pinpoint these zones in real-time.

For instance, if the price is approaching yesterday’s high and volume increases, that could mean a breakout is brewing. Or if price consistently fails to break a weekly low, it could signal strong support.

No fancy algorithms. Just pure, price-action wisdom.

How to Install the Hight Low Indicator in MT4

Step-by-Step Setup:

Download the Indicator from https://fxcracked.org/

Open your MetaTrader 4 terminal

Click on File → Open Data Folder

Navigate to MQL4 → Indicators

Paste the downloaded .ex4 or .mq4 file

Restart MT4 or refresh the Navigator panel

Drag and drop the Hight Low Indicator onto your chart

Pro Tip: Use different colors for daily, weekly, and monthly highs/lows so you don’t confuse zones.

Best Practices for Using It

• Combine With RSI or MACD – Wait for RSI divergence or MACD crossovers around highs/lows for stronger signals.

• Use with Price Action – Look for pin bars, engulfing candles, or inside bars forming around high/low levels.

• Apply Risk Management – Don’t just buy at the low or sell at the high blindly. Always set stop-loss and validate your setup.

• Backtest Your Setup – Use historical charts to check how the indicator levels reacted in different market conditions.

• Set Alerts – Some MT4 versions allow alert triggers when price reaches the high/low. Don’t miss critical setups.

Real-World Use Case

Let’s say you’re watching EURUSD on the M30 chart. Price is consolidating but approaching yesterday’s high (marked by the red line). Volume is increasing. You get a bullish engulfing candle that breaks above that line.

Boom. That’s your breakout trade—validated by volume and price action. With the Hight Low Indicator MT4, you didn’t need to draw anything manually. It was right there on the chart waiting for you.

Why Use It Over Other Tools?

Unlike cluttered indicators with 5-10 signals and confusing lines, the Hight Low Indicator focuses only on one core thing: past price extremes. And trust me, that’s often all you need.

It keeps your chart clean, your head clear, and your trades logical.

Where to Download It

You can get the Hight Low Indicator MT4 for free from the trusted team at FxCracked.org. Just head over to their indicators section and search "Hight Low Indicator."

Need help setting it up? Just ping the YoForex WhatsApp Support or hop into the Telegram group. They’re active, helpful, and fast!

Final Thoughts

In trading, simplicity often wins. The Hight Low Indicator MT4 brings clarity to your charts by highlighting what matters most—price extremes. Whether you’re into reversals, breakouts, or just mapping support/resistance zones, this free tool deserves a spot in your MT4 toolbox.

Try it out today, and you might be surprised how much easier your trades become.