Four hour open line with high mid low

5

📊 4H Open Line Indicator - Settings Overview

This custom indicator is used to draw and visualize the opening price, midline, and high/low ranges of 4-hour candles on smaller timeframes. It's particularly useful for intraday traders who want to see higher-timeframe levels.

🔧 Indicator Inputs and Descriptions

Parameter Value Description
OpenLineColor White Color of the line indicating the open price of the 4H candle.
OpenLineWidth 1 Width of the open price line.
OpenLineStyle Solid Line style (Solid) for the open line.
ShowMidLine true Enables the display of a midline between the high and low.
MidLineColor Yellow Color of the midline.
MidLineWidth 1 Width of the midline.
MidLineStyle Dash Line style for the midline (Dashed).
ShowHighLow true Enables visualization of the high and low of the 4H candle.
HighLineColor Lime Color for the high line.
LowLineColor Red Color for the low line.
HighLowLineWidth 1 Width of the high and low lines.
HighLowLineStyle Dot Dotted style for high/low lines.
ShowLabels true Toggles on/off the display of price labels.
LabelFont Arial Font used for displaying price level labels.
LabelFontSize 10 Font size for labels.
LabelColor White Color of the price labels.
Max4HCandles 1 Number of past 4H candles to analyze and draw levels from (set to 1).

📌 Use Case

This indicator is ideal for:

  • Intraday traders seeking precision entry/exit based on H4 levels.

  • Breakout strategies where open/high/low levels are critical.

  • Support and resistance mapping from a higher timeframe.


Reviews 1
Max
1679
Max 2025.11.17 21:19 
 

Perfect, just what I was looking for, does exactly what it says it does. The 50% level is an added bonus. I use it without the hi and lo levels personally.

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Prop Firm Sniper MT4  is a professional market structure indicator that automatically identifies high-probability BUY and SELL opportunities using BOS and CHoCH analysis. Recommended Timeframes: For backtesting, use the indicator on   M5 or M15   for Gold (XAUUSD), and   M15 or H1   for more volatile Forex pairs such as   GBPUSD, USDJPY, EURGBP , and similar markets. CONTACT ME AFTER PURCHASE TO CLAIM YOUR FREE BONUSES! Prop Firm Sniper  is a professional market structure indicator designed t
Currency Strength Exotics
Bernhard Schweigert
4.88 (33)
Indicators
CURRENTLY 20% OFF ! Best Solution for any Newbie or Expert Trader! This Indicator is specialized to show currency strength for any symbols like Exotic Pairs Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show true currency strength of Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH etc. This is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Imagine how your trading
Mean Reversion Supply Demand MT4
Young Ho Seo
4.56 (9)
Indicators
Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone
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Session High Low
Jerome Asiusin
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This indicator help to mark the high and low of the session Asian,London,Newyork , with custom hour setting This indicator is set to count from minute candle so it will move with the current market and stop at the designated hour and create a accurate line for the day. below is the customization that you can adjust : Input Descriptions EnableAsian Enables or disables the display of Asian session high and low levels. EnableLondon Enables or disables the display of London session high and
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Max
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Max 2025.11.17 21:19 
 

Perfect, just what I was looking for, does exactly what it says it does. The 50% level is an added bonus. I use it without the hi and lo levels personally.

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