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HighLow Arrow Indi Free Version

HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart.

This indicator is not intended to be used to trade. It is just a visual help to have clean chart and see price action.

The HighLow Arrow is used by traders using the Micro Trend System ( https://www.mql5.com/en/market/product/20589 ).

In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals with the Micro Trend System.

The HighLow Arrow has few input parameters:

  • MaxBars: number of bars to be calculated by the indicator
  • SymbolArrow: choice of symbol to be used to display the arrows
  • ArrowCodeUp: char code of Windings font to display Up arrow (Please select the _Custom in the SymbolArrow drop down list to use this char code)
  • ArrowCodeDown: char code of Windings font to display Down arrow (Please select the _Custom in the SymbolArrow drop down list to use this char code)
  • Distance: distance between arrow and candle

The HighLow Arrow indicator can be used on any time and with any class of asset: forex, binary options, commodities, indexes, equity, futures.

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Version 1.20 - 2017.02.27
Alert feature was added to indicator.