Hight Low Indicator MT4

Master Market Swings with the Hight Low Indicator MT4 – 100% Free on ForexFactory.cc

Struggling to catch price reversals before the move happens? Or just tired of manually drawing support and resistance levels all day? If that sounds like you, the Hight Low Indicator MT4 might just become your new best friend.

This smart little tool is 100% free to download from ForexFactory.cc, and it's designed to help traders instantly recognize swing highs and swing lows right on the chart. Whether you’re a scalper, day trader, or swing trader—marking recent highs and lows is crucial to finding the best entries and exits.

Oh, and by the way, it’s brought to you by YoForex, the team known for delivering reliable, free forex tools with live testing and backtest reports. No fluff. Just real results.

Let’s break it all down!

Overview – What Is the Hight Low Indicator MT4?

The Hight Low Indicator for MetaTrader 4 automatically plots the most recent highs and lows on your chart—typically from the last N number of bars, which you can fully customize. These highs and lows represent key levels that often act as support, resistance, or breakout zones.

Rather than manually eyeballing charts and drawing lines (ugh…), this indicator does it for you—cleanly and clearly. It’s perfect for:

Spotting potential reversals

Identifying range tops and bottoms

Recognizing breakout zones

Timing entries with precision

YoForex has already tested this tool across multiple currency pairs and timeframes—so you can rest easy knowing it's battle-tested. And yep—it’s lightweight, no lags, no repainting nonsense.

You can grab it right now for free from the Indicator Section on ForexFactory.cc.

Key Features of Hight Low Indicator MT4

Here’s why this tool is getting a lotta love from the trading community:

• Automatically plots recent swing highs and swing lows

• Adjustable lookback period (last N candles)

• Works on any timeframe – M1 to Monthly

• Non-repainting: Once a high/low is formed, it stays

• Super lightweight – won’t slow down MT4

• Clean display – no clutter or unnecessary text

• Ideal for scalping, intraday, or swing setups

• Helps set accurate stop-loss or take-profit levels

• Compatible with all major currency pairs, indices, gold

• Fully free for lifetime – no license required

• Built and live-tested by the YoForex team

Wanna see what users are saying? Head over to our User Reviews section on ForexFactory.cc and check the feedback.

How It Works

The indicator scans the latest price bars—say 50 candles back—and checks for the highest high and lowest low in that range. Once identified, it plots horizontal lines at those levels.

Here’s why that’s useful:

Swing Traders use it to define breakout or reversal zones.

Scalpers love it for placing ultra-precise SL and TP zones.

Price Action Traders use it to anticipate where the next move could react.

It doesn't predict. It reacts to what already happened, making it one of the most reliable, logic-based tools.

Trading Example: EUR/USD Reversal with Hight Low Indicator

Let’s say you're watching EUR/USD on the H1 timeframe. The indicator draws a recent swing high at 1.0940 and a swing low at 1.0875. Price is approaching the swing high for the 3rd time.

Boom—wick rejection and bearish engulfing candle. What does that tell you?

That swing high is holding resistance.

Perfect time to short with SL just above the high.

TP? You guessed it—the swing low line.

This kind of setup happens daily across every pair. Why not have the indicator auto-draw it for you?

Installation & Setup

Here’s how you install the Hight Low Indicator MT4:

Step 1: Download it from:
???? https://www.forexfactory.cc/hight-low-indicator-mt4

Step 2: Open MT4 → File → Open Data Folder
Step 3: Go to MQL4/Indicators and paste the .ex4 file
Step 4: Restart MT4 or refresh the Navigator panel
Step 5: Drag the indicator onto any chart and set your parameters

We recommend starting with a lookback of 50 bars. You can tweak it based on your strategy.

Why Choose YoForex-Powered Tools?

Honestly? Because we actually test the stuff we release. At YoForex, our mission is to make quality tools free and accessible to all traders—not just the ones paying for overpriced signal groups or junk EAs.

With every download, you get: