highest lowest
Info
The highest lowest is a Indicator for MetaTrader 5 that the highest lowestindicator searches for bars having high above the high of bars on the left and on the right, as well as bars having low below the low of bars on the left and on the right:fig. 1.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use highest lowest
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
the highest lowestindicator searches for bars having high above the high of bars on the left and on the right, as well as bars having low below the low of bars on the left and on the right:fig.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Highest High Value Indicator - another powerful indicator for MetaTrader 5 traders.
the
highest lowest
indicator searches for bars having high above the high of bars on the left and on the right, as well as bars having low below the low of bars on the left and on the right:
Also recommended: Lowest Low Value Indicator - similar indicator with strong performance on MetaTrader 5.
fig. 1. highest lowestthe indicator is displayed using the style.
since the indicator analyzes the bar on the right, the value of the indicator may change in some cases. for example, the following bar can be redrawn:
fig. 2. highest lowest the bar can be redrawn
this bar will not be redrawn:
fig. 3. highest lowest the bar can not be redrawn
if you want to see the default indexing of bars in indicators, uncomment code in oncalculate:
this code displays on the screen the value of the
prev_calculated
variable, the time of the bar with the
0
index and the time of the bar with the index of
rates_total-1
.
You may also like: Highest High Value HTF Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.