Indicator
breakout




Introducing the High-Low Trading Indicator
This indicator is designed to automatically plot the previous day's highest and lowest price levels on your chart. This tool helps you quickly identify key levels for potential breakouts and reversals.
Key Benefits:
- Ideal for Breakout Trading: This indicator highlights critical price levels from the prior day, which are often used as reference points for breakout strategies. Trading breakouts above or below these levels can offer high-potential setups.
- Simple Yet Effective: The High-Low Trading Indicator focuses on one of the most important aspects of price action – the previous day’s high and low. By incorporating these levels into your strategy, you gain a clearer sense of market structure and potential turning points.
Attentions:
- Best used on timeframes less than 1 Day
Settings:
- Include Sunday: default = no
More from this author
You may also like
Indicator
atr
SmartBot-Tenkan & ATR Indicator
The Tenkan-ATR Indicator is a powerful and innovative indicator for Traders. SALE OFF!!!
Indicator
forex
Market Sessions V2_NSC
Market Session V2: Full Control. colors, history, session/text toggles, font size. Elevate your strategy!
Indicator
bollinger
RT Qualitative Quantity Estimation
Unlock trading precision with QQE! Dual QQE indicators with a Bollinger Bands zero line provide clear buy/sell signals.