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Indicators

High Low Сluster - indicator for MetaTrader 5

Vladimir Karputov
Views:
1975
Rating:
votes: 23
Published:
2022.05.18 18:49
Download as ZIP, How to download code from MetaEditor

The idea of the indicator

Find the moments when a fully formed candlestick (bar #1) crosses the 'Moving Average' indicator. Then we look for the previous intersection. Between the dates found, draw a rectangle.

High Low Сluster

Pic. 1. High Low Сluster

The borders of the rectangle (upper and lower) can be used as Stop Loss and Take Profit levels.

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