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AverageHighLow

FREE

Published: 17 June 2025

Current version: 1.1

AverageHighLow

Indicators
Sodiq Kayode Hammed
Sodiq Kayode Hammed
Trader at ForexRuby

Nigeria

709
2 topics
Version: 1.1
Updated: 17 June 2025

AverageHighLow — Simple and Smart Signal Indicator

AverageHighLow is a lightweight and intuitive custom indicator that plots the average of the High and Low prices for each candle — forming a dynamic support/resistance-like line across the chart. It also includes real-time Buy and Sell signal alerts when price crosses this average level.

Features:

✅ Plots a smooth line based on (High + Low) / 2
🔔 Signals generated when price crosses the average:
- Buy Signal: Price crosses above the line
- Sell Signal: Price crosses below the line
📢 Alerts are displayed in the Alerts tab (optional push/email notifications can be added)
⚙️ Works on any symbol and any timeframe
🧠 Built with clean MQL5 logic for fast execution and low resource usage
👌 Suitable for manual trading or as a signal feed for EAs

🧠 How It Works

This indicator calculates the midpoint of each candle’s range (High + Low) / 2 and plots it as a line. When the current Close price crosses above or below this level, a signal is triggered.

This can help you:

Identify potential breakouts or reversals
Confirm entries when paired with other indicators
Use as a filter in algorithmic strategies

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AverageHighLow

Sodiq Kayode Hammed

AverageHighLow — Simple and Smart Signal Indicator

Features:

🧠 How It Works