KT Custom High Low Indicator MT5

​The KT Custom High Low Indicator for MetaTrader 5 (MT5) is a versatile tool designed to enhance your trading by identifying significant support and resistance levels across multiple timeframes. Below is a detailed overview of its key features and considerations.

Key Features:

• Multi-Timeframe Analysis: Displays recent highs and lows from various timeframes on a single chart, providing a comprehensive view of market dynamics.

• Chart Decluttering: Utilizes a sorting algorithm to merge duplicate values, ensuring a clear and organized chart.

• Customizable Alerts: Offers alerts when the current price touches a high or low, keeping you informed of critical market movements.

• Fully Customizable: Allows adjustments to periods, colors, line styles, and font sizes to suit individual preferences.

 

Operational Considerations:

• Minimum Deposit: The indicator itself does not require a minimum deposit. However, to effectively utilize MT5 and associated tools, brokers typically recommend a minimum deposit of around $200. ​

• Recommended Timeframes: Suitable for various trading styles, it is effective on timeframes such as M15, M30, H1, and H4.

• Applicable Currency Pairs: Compatible with all currency pairs, allowing for versatile application across different markets.​

Incorporating the KT Custom High Low Indicator into your MT5 platform can significantly enhance your trading strategy by providing clear insights into market highs and lows, aiding in the identification of potential support and resistance zones.​