Introduction to Market Structure High Low Indicator

Market flow traders use these key points to make trading decisions. These include trading breakouts and reversals. Horizontal support is important. This is where the mslmh market structure high low indicator can be used by traders.

What's the Market Structure High-Low Indicator?

The Market Structure High-Low Indicator plots a channel that revolves around price action. It plots horizontal supports, and resistances, based on swing highs or swing lows. The indicator marks swing highs or lows by a yellow dot.

How does the Market Structure High-Low Indicator Work?

Market Structure High Low Indicator identifies minor swing highs and swing lowers based upon major fractal points. These patterns are those where the middle candle has either the highest high or the lowest low of a group of candles. With a yellow dot, the indicator marks the swing highs or lows. The indicator then connects the swing highs to the next swing high, and the swing lows to the next swing low, creating a channel-like structure around price action.

The indicator uses horizontal lines to identify swing highs or swing lows that are within close range of other swing highs or swing lows. This range is set at 5 pips. The program then plots horizontal lines on points that match the profile. The lines with darker colors indicate that there are more points connected to the line.

How to use MT4's Market Structure High-Low Indicator

A few variables affect the sensitivity of Market Structure High Low Indicator. These variables should be modified as the indicator could be too sensitive to presets.

"PipRange", refers to how many pips were used by the indicator in order to qualify points that would connect horizontal lines. Horizontal lines are smaller if the input variable is lower than the output variable.

"Porcent" is the percentage of deviation between points that the indicator could allow. Higher input variables result in fewer horizontal lines.

The channel-like structure that marks the price action range can be used by traders to identify trend direction. A channel structure rising is a sign of a bullish trend. Conversely, a channel structure dropping is a sign of a bearish tendency.

Reversal signals can be traded by traders if they are located on horizontal support or resistance lines.

Trade Setup

How to Enter?

Place a buy order for a bullish price action reversal that is developing along a horizontal support level. Place the stop loss below this pattern.

When do you want to exit?

Set the take profit at the next resistance line.

Setup for Trades

How to Enter?

On a bearish price action that is reversing, which is forming on a horizontal resistance level, place a sell order. Place the stop loss at the top of the pattern.

When do you want to exit?

The next support line should set the take profit.

Conclusion

This indicator gives traders a good idea of how to trade based on price action and market flow structures. There is actually a trader who uses the same concept in lower timeframes, provided that the lines are manually identified. It is vital that this indicator be set up for each currency pair, as it can vary in sensitivity and may become overly aggressive.

Indicators - Download Instructions

Market Structure High-low Indicator for MT4 (Metatrader 4 or MT4) is a Metatrader 4-indicator. Its purpose is to transform the accumulated historical data.

The Market Structure High-Low Indicator for MT4 allows you to spot patterns and peculiarities in price dynamics that are not visible to the naked eye.

This information allows traders to assume additional price movements and adjust their strategies accordingly. Click Here for MT4 Strategies

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How do I install the Market Structure High Low Indicator in MT4.mq4's MT4.mq4?

• Download the Market Structure High Low indicator for MT4.mq4
• Copy Market Structure High-low Indicator for Metatrader MT4.mq4
• Metatrader 4 Client can be restarted or started
• Choose Chart and Timeframe to test your MT4 indicator
• You can search "Custom Indicators" using your Navigator, mostly left in your Metatrader4 Client
• Right click on Market Structure Low Indicator to access MT4.mq4
• Attach a chart
• Change settings or click ok
• Your Chart contains the Indicator Market Structure High-low Indicator for Mt4.mq4.

How do I remove the Market Structure High-Low Indicator for Metatrader Chart MT4.mq4?

• Select the Chart in which the Indicator is running in your Metatrader4 Client
• Right-click to open the Chart
• "Indicators list"
• Select the indicator and click delete

Market Structure High-Low Indicator for MetaTrader4 (Free Download).

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