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Higher High And Lower Low Settings/Inputs Guide for MT4 & MT5

12 March 2026, 08:51

MT4 Version: Higher High and Lower Low Scanner MT4

MT5 Version: Higher High and Lower Low Scanner MT5

Complete User Documentation — MT4 & MT5

1. OVERVIEW

The Higher High and Lower Low Scanner is a multi-symbol, multi-timeframe tool that identifies key price patterns such as Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL). This scanner helps traders spot potential trend reversals and continuations, allowing for timely entry and exit decisions. By providing alerts on significant price movements, it addresses the challenge of identifying trading opportunities across various currency pairs and timeframes efficiently.

Who Should Use It: This product is ideal for active forex traders who rely on technical analysis and seek to capitalize on price patterns for strategic trading decisions.

Main Benefit: Gain a competitive edge in the forex market by quickly identifying critical price patterns and receiving timely alerts to enhance your trading strategy.

2. INPUT PARAMETERS & SETTINGS

This product shares a common set of general input settings with all Multi-Currency Scanner Dashboard products in this series. The following sections are covered in the common guide: General Settings (pairs list, dashboard colors, panel size), Timeframe Signal Settings (individual TF scan per symbol), Timeframe Confluence Settings (multi-TF confluence scan), and Alert Settings (popup, push notification, email). For full details refer to the Common Multi-Currency Scanner Dashboard Settings Guide. The sections below cover only the product-specific inputs unique to this product.

HH_LL_LH_HL Settings

This section controls the settings related to detecting Higher Highs, Lower Lows, and other price patterns.

Setting Name	Type	Default Value	Description	Example
Scan last N bars	int	50	Defines how many recent bars to analyze for identifying price patterns, allowing traders to focus on the most relevant market data.	50 - Useful for analyzing recent trends in a volatile market.
Fractal Entry Strategy	ENUM	ENTRY_STRATEGY1	See options explained below.	ENTRY_STRATEGY1 - Ideal for traders looking to buy on bullish breakouts.
Fractal Exit Strategy	ENUM	EXIT_STRATEGY0	See options explained below.	EXIT_STRATEGY0 - Suitable for traders who want to keep their positions open until a clear signal to exit appears.

Fractal Entry Strategy — Options Explained

This setting allows traders to define their entry strategy based on fractal patterns. Choosing the right strategy can significantly impact trade success.

Disable: No entry strategy is applied. Buy on HH+HL break above recent HH: This option triggers a buy when a Higher High and Higher Low are confirmed, indicating a strong bullish trend. Sell on LH+LL break below recent LL: This option triggers a sell when a Lower High and Lower Low are confirmed, indicating a bearish trend.

Fractal Exit Strategy — Options Explained

This setting allows traders to define their exit strategy based on fractal patterns. Proper exit strategies are crucial for maximizing profits and minimizing losses.

Disable: No exit strategy is applied. Exit buy on LH or HL break: This option closes buy positions when a Lower High or Higher Low is broken, signaling a potential trend reversal. Exit sell on HH or LH break: This option closes sell positions when a Higher High or Lower High is broken, indicating a potential upward movement.

Style Settings

This section allows customization of the visual aspects of the scanner's output, enhancing usability and clarity.

Setting Name	Type	Default Value	Description	Example
Show Arrow	bool	true	Enables or disables the display of arrows on the chart, providing a visual cue for detected patterns.	true - Recommended for quick visual identification of signals.
Show Text	bool	true	Controls whether to display text labels alongside arrows, enhancing clarity of the signals.	true - Useful for traders who prefer detailed information on signals.
Arrow Up Symbol	int	233	Specifies the symbol used for upward arrows, allowing customization of visual signals.	233 - A common choice for indicating bullish signals.
Arrow Down Symbol	int	234	Specifies the symbol used for downward arrows, aiding in the identification of bearish signals.	234 - A typical choice for indicating bearish signals.
Higher High Color	color	clrRed	Sets the color of the arrow indicating a Higher High, allowing for easy differentiation on the chart.	clrRed - Effective for highlighting bullish breakout signals.
Lower High Color	color	clrCoral	Sets the color of the arrow indicating a Lower High, helping traders recognize potential reversals.	clrCoral - Useful for visually identifying bearish signals.
Lower Low Color	color	clrGreen	Sets the color of the arrow indicating a Lower Low, which is critical for identifying bearish trends.	clrGreen - Effective for marking significant bearish movements.
Higher Low Color	color	clrLimeGreen	Sets the color of the arrow indicating a Higher Low, which helps in identifying bullish trends.	clrLimeGreen - Useful for highlighting bullish reversal points.
Text Size	int	7	Determines the size of the text displayed alongside the arrows, enhancing readability based on individual preferences.	7 - A balanced size for most chart resolutions.
Label Offset %	double	20	Adjusts the offset of the labels from the arrows, allowing for better visual spacing on the chart.	20 - A standard offset for clear visibility without clutter.

3. HOW IT WORKS

Core Calculation & Logic

The Higher High and Lower Low Scanner monitors multiple currency pairs across various timeframes to identify market patterns. It specifically detects Higher Highs, Higher Lows, Lower Highs, and Lower Lows, which are essential for trend analysis.

This scanner utilizes price action principles to calculate significant highs and lows, helping traders recognize potential reversals or continuations in market trends. By identifying these patterns, traders can make informed decisions based on market conditions.

How Signals Are Generated

A BUY signal is generated when the scanner identifies a Higher High and Higher Low pattern, indicating a bullish trend. This is typically confirmed by the price closing above the previous high.

A SELL signal occurs when a Lower High and Lower Low pattern is detected, suggesting a bearish trend. This is confirmed when the price closes below the previous low.

The scanner can also apply confluence logic, where signals from multiple timeframes must align to strengthen the validity of the signal.

The dashboard displays symbols in rows and timeframes in columns, with colored arrows indicating the trend direction. Signal age is shown in parentheses, helping traders gauge the relevance of each signal.

Step-by-Step Workflow

Step 1: Configure Pairs List Set the currency pairs you want the scanner to monitor in the input settings.

Step 2: Adjust Timeframe Settings Enable or disable specific timeframes based on your trading strategy.

Step 3: Customize Panel Appearance Modify colors and panel dimensions to suit your visual preferences.

Step 4: Monitor Signals Observe the dashboard for signals generated by the scanner across your selected pairs and timeframes.

Step 5: Execute Trades Based on the signals, decide when to enter or exit trades using your trading plan.

4. USAGE TIPS & BEST PRACTICES

Utilizing the Higher High and Lower Low Scanner effectively can enhance your trading strategy.

Feature	Description
Multi-Timeframe Analysis	Allows traders to see trends across different timeframes, enhancing decision-making.
Customizable Alerts	Set alerts for specific patterns to stay informed without constant monitoring.
Visual Dashboard	Easily view signals and trends in a user-friendly format for quick analysis.
Color-Coded Signals	Different colors indicate market conditions, helping to quickly assess trends.

5. IMPORTANT NOTES & WARNINGS

Known Limitations

Issue	Explanation
False Signals	Market conditions can change rapidly, leading to potential false signals.
Timeframe Dependency	Signals may vary significantly between timeframes; use discretion.
Market News Impact	Economic news can affect price action, potentially invalidating signals.

Settings Beginners Should NOT Change

Setting	Why to Leave Default
Pairs List	Default pairs are optimized for performance; changing may reduce effectiveness.
Panel Height %	Default height ensures all signals are visible without overcrowding.
Enable Individual Scans	Default settings are balanced for performance; changing may lead to missed signals.

Dashboard Usage Tips

Check Signal Age: Always consider how recent a signal is before acting.
Use Multiple Timeframes: Confirm signals across different timeframes for better accuracy.
Monitor News Events: Be aware of upcoming news that could impact market movements.
Customize Colors: Adjust colors to your preference for easier signal identification.
Review Historical Performance: Analyze past signals to understand the scanner's effectiveness.

Quick Start Guide

Follow these steps to get started in under 5 minutes:

Install the Scanner: Download and install the Higher High and Lower Low Scanner on your trading platform.
Open Input Settings: Access the input settings to configure your preferences.
Set Pairs List: Enter the currency pairs you wish to monitor.
Enable Desired Timeframes: Select the timeframes you want the scanner to analyze.
Customize Appearance: Adjust the panel colors and dimensions to your liking.
Save Settings: Click 'OK' to save your configurations.
Monitor Dashboard: Observe the dashboard for real-time signals and trends.