{"id":5873,"date":"2020-10-15T15:59:19","date_gmt":"2020-10-15T12:59:19","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=5873"},"modified":"2026-05-26T10:52:54","modified_gmt":"2026-05-26T07:52:54","slug":"how-to-trade-with-high_low-indicator","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2020\/10\/15\/how-to-trade-with-high_low-indicator\/","title":{"rendered":"How to Trade with High_Low Indicator?"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>In this overview, we will discuss an interesting and useful indicator called High_Low. It helps the trader to find important <a href=\"https:\/\/roboforex.com\/blog\/2020\/02\/21\/how-to-trade-support-and-resistance-levels\/\">support\/resistance levels<\/a> on the chart.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-description-of-high_low-indicator\"><span class=\"ez-toc-section\" id=\"Description_of_High_Low_indicator\"><\/span>Description of High_Low indicator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The High_Low indicator <\/strong>is created to represent the highs and lows of a certain period (day, week, month) on the chart. In fact, High_Low automatically marks important support\/resistance levels on the chart: local highs\/lows are some sort of markers that help to forecast further price progression.<\/p>\n\n\n\n<p>According to its settings, High_low marks the following extremes on the chart:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><em>Monthly<\/em> are the extreme lines of the current and previous month.<\/li><li><em>Weekly<\/em> are the extreme lines of the current and previous week.<\/li><li><em>Daily<\/em> are the extreme lines of the current and previous day.<\/li><\/ul>\n\n\n\n<p>As a result, on the chart, we can see a network of certain price lines, each of which may act as a support or resistance level. The lines feature different styles, colors, text symbols.<\/p>\n\n\n\n<p>The longer the <a href=\"https:\/\/roboforex.com\/blog\/2020\/05\/21\/how-to-choose-a-timeframe-for-trading\/\">timeframe<\/a>, the more important are the lines drawn through its highs and lows. Based on <a href=\"https:\/\/roboforex.com\/blog\/2019\/08\/20\/basics-of-technical-analysis\/\">tech analysis<\/a>, estimating the reaction of the price to the High_Low lines, you can make weighed trading decisions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1028\" height=\"630\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-1028x630.png\" alt=\"High_Low indicator\" class=\"wp-image-5874\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-1028x630.png 1028w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-326x200.png 326w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-768x471.png 768w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow.png 1428w\" sizes=\"(max-width: 1028px) 100vw, 1028px\" \/><\/a><figcaption>High_Low indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-installing-and-setting-up-high_low-indicator\"><span class=\"ez-toc-section\" id=\"Installing_and_setting_up_High_Low_indicator\"><\/span>Installing and setting up High_Low indicator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To install the indicator into a popular trading terminal <a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/01\/how-to-use-metatrader-4-mt4\/\">MetaTrader 4<\/a>, download the file by clicking the link at the end of this article and copy it to the <a href=\"https:\/\/roboforex.com\/blog\/2019\/11\/19\/top-10-forex-indicators-that-every-trader-needs\/\" data-internallinksmanager029f6b8e52c=\"99\" title=\"Indicators\">Indicators<\/a> folder. To do it, open the Main Menu of the terminal, then File\/Open Data Catalogue\/MQL 4\/Indicators &ndash; and copy the file into the folder; then restart the terminal.<\/p>\n\n\n\n<p>As a result, High_Low will appear on the list of user indicators; add it to the chart of your instrument via Insert\/Indicators\/User\/High_Low &ndash; or simply left-click and drag to the chart from the Navigate window.<\/p>\n\n\n\n<p>You can set up the following parameters:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>CountDays<\/strong>&nbsp;is the days when the indicator lines will be drawn on the chart.<\/li><li><strong>Show_LABELS<\/strong> switches on (true) and off (false) text labeling of the lines.<\/li><li><strong>Show_CurrDaily<\/strong> switches on (true) and off (false) representation of the high and low of the day.<\/li><li><strong>Shift_CurrDaily_LABEL<\/strong> sets the distance between the name of the daily line and the right border of the chart window.<\/li><li><strong>Show_CurrWeekly<\/strong> switches on (true) and off (false) representation of the high and low of the week.<\/li><li><strong>Shift_CurrWeekly_LABEL<\/strong> sets the distance between the name of the weekly line and the right border of the chart window.<\/li><li><strong>Show_CurrMonthly<\/strong> switches on (true) and off (false) representation of the high and low of the month.<\/li><li><strong>Shift_CurrMonthly_LABEL<\/strong> sets the distance between the name of the monthly line and the right border of the chart window.<\/li><li><strong>line_color_CurrDaily<\/strong> (UPPER, LOWER) sets the color of the high and low lines of the day.<\/li><li><strong>line_color_CurrWeekly<\/strong> (UPPER, LOWER) sets the color of the high and low lines of the week.<\/li><li><strong>line_color_CurrMonthly<\/strong> (UPPER, LOWER) sets the color of the high and low lines of the month.<\/li><li><strong>Curr_LineStyle<\/strong> (Daily, Weekly, Monthly) sets the style of the daily, weekly, and monthly lines, respectively.<\/li><li><strong>Show_Previous<\/strong> (Daily, Weekly, Monthly) shows\/hides the lines of the previous day, week, and month.<\/li><li><strong>Xtend_Prev<\/strong> (DailyLine, WeeklyLine, MonthlyLine) shows\/hides all the lines for the calculation period (daily\/weekly\/monthly).<\/li><li><strong>line_color_Previous<\/strong> (Daily, Weekly, Monthly) sets the color of the previous daily\/weekly\/monthly lines.<\/li><li><strong>Show_CurrRectangle_Display<\/strong> shows\/hides current price ranges in the form of colored rectangles.<\/li><li><strong>Show_Pivots<\/strong> (Daily, Weekly, Monthly) shows\/hides daily\/weekly\/monthly <a href=\"https:\/\/roboforex.com\/blog\/2019\/08\/24\/getting-acquainted-with-the-pivot-points\/\">Pivot levels<\/a>.<\/li><\/ul>\n\n\n\n<p>The indicator can be used with the default settings. You can set it up according to your preferences later.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-settings-en.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"630\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-settings-en-1024x630.png\" alt=\"High_Low indicator settings\" class=\"wp-image-5875\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-settings-en-1024x630.png 1024w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-settings-en-325x200.png 325w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-settings-en-768x473.png 768w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-settings-en.png 1427w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>High_Low indicator settings<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-how-to-use-high_low-indicator-in-trading\"><span class=\"ez-toc-section\" id=\"How_to_use_High_Low_indicator_in_trading\"><\/span>How to use High_Low indicator in trading?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As I have mentioned above, the lines of High_Low are local support\/resistance levels. Hence, we can use classical <a href=\"https:\/\/roboforex.com\/blog\/2019\/08\/20\/basics-of-technical-analysis\/\" data-internallinksmanager029f6b8e52c=\"64\" title=\"Tech analysis\">tech analysis<\/a> methods of trading support\/resistance levels. The strongest <a href=\"https:\/\/roboforex.com\/blog\/2019\/11\/28\/signals-on-forex-where-to-search-how-to-find-filter-and-create\/\">signal<\/a> is the one given by monthly lines, then go the weekly ones, then daily.<\/p>\n\n\n\n<p>As a rule, we make decisions based on the interaction of the current lines with those of the preceding period (last month, week, day). Let us discuss three trading options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-a-breakaway-of-the-indicator-lines\"><span class=\"ez-toc-section\" id=\"A_breakaway_of_the_indicator_lines\"><\/span>A breakaway of the indicator lines<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Trading here is based on breakaways of support\/resistance lines:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The price breaks away an indicator line (and closes above\/below it).<\/li><li>Then it pulls back to the broken line; open a buying\/selling position.<\/li><li>Place the <a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/12\/what-is-stop-loss-and-take-profit\/\">Stop Loss<\/a> behind the broken indicator line.<\/li><li><a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/12\/what-is-stop-loss-and-take-profit\/\">Take Profit<\/a> - when the price reaches the next indicator line, or when clear evidence of a reversal appears.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-breakdown.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"630\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-breakdown-1020x630.png\" alt=\"High_Low - Breakaway\" class=\"wp-image-5876\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-breakdown-1020x630.png 1020w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-breakdown-324x200.png 324w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-breakdown-768x474.png 768w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-breakdown.png 1423w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/a><figcaption>High_Low indicator - Breakaway<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-a-bounce-off-the-indicator-line\"><span class=\"ez-toc-section\" id=\"A_bounce_off_the_indicator_line\"><\/span>A bounce off the indicator line<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Here, trading is based on bounces off strong support\/resistance levels:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The price reached an indicator line but failed to break it away.<\/li><li>When the bounce forms, open a buying\/selling position.<\/li><li>Place the SL behind the indicator line off which the price has bounced.<\/li><li>Take the profit when another important line of the indicator is reached, or when clear evidence of a reversal appears.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-rebound.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"630\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-rebound-1024x630.png\" alt=\"\" class=\"wp-image-6057\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-rebound-1024x630.png 1024w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-rebound-325x200.png 325w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-rebound-768x472.png 768w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-rebound.png 1429w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>High_Low indicator - Bounce off<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"5-a-false-breakaway-of-the-indicator-line\"><span class=\"ez-toc-section\" id=\"A_false_breakaway_of_the_indicator_line\"><\/span>A false breakaway of the indicator line<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Here, we use the technique of trading <a href=\"https:\/\/roboforex.com\/blog\/2019\/11\/15\/false-breakouts-on-financial-markets-how-to-detect-and-use\/\">false breakaways<\/a> of support\/resistance levels:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The price breaks an indicator line away but fails to secure there and returns behind the line.<\/li><li>After the false breakaway formed, open a buying\/selling position.<\/li><li>Place the SL behind the high\/low of the false breakaway.<\/li><li>Take the profit when another important line of the indicator is reached, or when clear evidence of a reversal appears.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-falsebreakdown.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1025\" height=\"630\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-falsebreakdown-1025x630.png\" alt=\"High_Low - False breakaway\" class=\"wp-image-5878\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-falsebreakdown-1025x630.png 1025w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-falsebreakdown-325x200.png 325w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-falsebreakdown-768x472.png 768w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2020\/10\/highlow-falsebreakdown.png 1430w\" sizes=\"(max-width: 1025px) 100vw, 1025px\" \/><\/a><figcaption>High_Low indicator - False breakaway<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-closing-thoughts\"><span class=\"ez-toc-section\" id=\"Closing_thoughts\"><\/span>Closing thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The High_Low indicator can help the trader analyze the market. It saves a lot of time and effort by automatically drawing important levels (based on monthly, weekly, and daily extremes).<\/p>\n\n\n\n<p>To make trading <a href=\"https:\/\/roboforex.com\/blog\/2019\/11\/28\/signals-on-forex-where-to-search-how-to-find-filter-and-create\/\" data-internallinksmanager029f6b8e52c=\"101\" title=\"Signals\">signals<\/a> more efficient, you can combine High_Low with other means of tech analysis: <a href=\"https:\/\/roboforex.com\/blog\/2019\/09\/06\/candlestick-analysis-on-forex-main-principles-application-options\/\">candlestick<\/a>, <a href=\"https:\/\/roboforex.com\/blog\/2019\/08\/05\/trading-the-most-popular-patterns\/\">price figures<\/a>, or <a href=\"https:\/\/roboforex.com\/blog\/2020\/01\/21\/what-do-you-know-about-price-action-strategy-patterns-indicators\/\">Price Action patterns<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-button aligncenter\">\n<a class=\"button button-blue\" download=\"\" href=\"https:\/\/gorobo.pro\/l8t\" rel=\"nofollow\">Download High_Low Indicator<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>In this overview, we will discuss an interesting and useful indicator called High_Low. It helps the trader to find important support\/resistance levels on the chart.<\/p>\n","protected":false},"author":58,"featured_media":5879,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[2107],"class_list":["post-5873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-high_low-indicator"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Trade with High_Low Indicator? - RoboForex Blog<\/title>\n<meta name=\"description\" content=\"In this overview, we will discuss useful indicator called High_Low. 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