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REGISTER PARTICIPANTS Indicator High Low Arrows Mt4

Discussion in 'Technical Indicators MetaTrader 4' started by Emma McNeill, Nov 3, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
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    High Low Arrows

    #highlowarrows

    high-low-arrows-logo-200x200-9814.png

    Gives you a trend visual of peaks and troughs, making it easier to determine where the price is heading, and easier to identify highs and lows when the price reaches the upper or lower extremes of the indicator window.
    To see this and apply the indicator effectively, zoom the chart out completely.
    Uses a special trend algorithm to determine trend change, and plots arrows to indicate the direction change.
    This indicator can be used on all time frames and pairs.
    Features alert function.

    No need to set up the indicator.

    How to use:
    Simply attach to any chart.
    To make the most effective use of this indicator, zoom the chart out completely.
    Sell on yellow arrow.
    Buy on aqua arrow.
    For Sells, best results when entering trades when the yellow arrow and red histogram color appears at the upper extreme of indicator window.

    For Buys, best results when entering trades when the aqua arrow and blue histogram color appears at the lower extreme of indicator window.
    Best results when checking the higher time frames for confirmation, i.e., arrows appear at the lower(buy)/higher(sell) extreme of the indicator window on the current and higher 1+ time frames.

    See comment #1 for example trade.

    Use as you see fit for your strategy.
    Best results on Major Pairs, but can also be used on other pairs.

    Important to note:
    • Please do not use this indicator haphazardly. Make sure it compliments your strategy.
    • Don't risk money you cannot afford to lose.
    • You use this indicator at your own risk. Please apply money management wisely.
    • Always test your strategy on a demo account before using a new indicator on a live account.

    high-low-arrows-screen-3268.png

     
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