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High Low indicator for MT5

HighLow Arrow Indicator

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 alone but more as an alert that a turning point might be forming. 
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.
The formation of the High or the Low is confirmed after 2 bars have been closed. In the meantime, the alert can be cancelled at any time.

Inputs of the indicator are:

  • 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
  • UseAlerts (true/false): generate alerts (at the close of the bar). It is required to set this value to true if you want to receive alerts.
  • PopupAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlerts (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false): to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts
The HighLow Arrow indicator can be used with any time frame.

It can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.

Other indicators for MT4 and MT5:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All indicators are developed both for MT4 and MT5

List of all our indicators:
👉  You can get the complete list of our indicators visiting our profile page.

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5 (1)
Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange, XQ Forex Indicator empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The ind
Trend Scanner mt5 GS
Vasiliy Strukov
4.93 (15)
Trend Tarayıcı, Çoklu Semboller ve Çoklu Zaman çerçevelerinden piyasa trendlerini tarar ve bunu grafikteki hareketli bir panelde görüntüler, analiz için Altın madde göstergesini kullanır Özellikler uyarıları ve e-postayı ve anında bildirimleri içerir. Tüccar, görüntüleme için kendi seçtiği birden fazla çifti seçebilir. Trend Tarayıcı, trendin yönünü görmek için harika bir araçtır ve trende göre yalnızca alım veya satım emirlerine izin vererek manuel alım satım veya EA alım satımı için kullanıla
Noize Absorption Index - is the manual trading system that measures the difference of pressure between bears forces and bulls forces. Green line - is a noize free index that showing curent situation. Zero value of index shows totally choppy/flat market.Values above zero level shows how powerfull bullish wave is and values below zero measures bearish forces.Up arrow appears on bearish market when it's ready to reverse, dn arrow appears on weak bullish market, as a result of reverse expectation.
TrendMaestro5
Stefano Frisetti
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
"Piranha" - an autonomous trading system that determines overbought and oversold levels on the chart. Red and blue zones represent overbought and oversold levels respectively. Entry points are marked with arrows: a downward arrow in the red zone for "sell" and an upward arrow in the blue zone for "buy". The Take profit level is indicated by the green moving average. Key features: Adjusting the Take profit level as the green moving average changes position. Averaging ability when a new market e
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
TREND HARMONY MT5 – Multi Timeframe Trend and Phase and Pullback Level Visualizer indicator for Metatrader5 The TREND HARMONY indicator automates deep trend analysis and generates visualizations for you. Take control of your trades by eliminating uncertainty! Revolutionize your trading experience with precision and insight through the TREND HARMONY Multi Timeframe indicator – your ultimate MT5 trend visualization indicator. [  Features and Manual   | MT4 version |   All Products   ] Are you t
Good day! I present to you a trading technical indicator for Deriv broker synthetic indices. This indicator ONLY works with the following indices: Boom 300 Index Boom 500 Index Boom 1000 Index Crash 300 Index Crash 500 Index Crash 1000 Index The indicator was created to give signals to open medium-term trades in the direction of Spikes. But you can open trades in the opposite direction to Spikes, at your own risk. Trade only on M1. Other TFs do not guarantee the correct operation of the indic
Eng Gold
Ely Alkrar Xshkaky
ENG-GOLD Scalper It is an auxiliary indicator that identifies potential targets and determines the place of entry with a stop loss that works on Heiken Ashi candles  The green lines are usually the targets, the red lines are the stop loss, and the yellow lines are the entry location.  This file is recognized on small and medium frames, usually less than the watch frame I highly recommend using XAUUSD US100 US30 USOIL 
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5 (1)
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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Sürüm 1.10 2023.07.04
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