![]() In the example below, one can see how the price reacts to the previous weekly high level. In that case, the resistance level became the support level. ![]() There is a Doji candle that touched the level only once and then upward impuls occurred. In the example below, one can see how the price reacts to the previous monthly high level. Each level has its own label, so one quickly can recognize it. When you load up the indicator in your MT4 platform, you will see a couple of horizontal lines that reflect important market levels including monthly hig and low, weekly high and low, previous monthly high and low, previous weekly high and low, previous daily high and low. Closer look on the MTF High Low Indicator Feel free to experiment with the settings and parameters to fit your personal preferences. The default settings can be modified directly from the input tab. It is displayed directly on the main trading chart. The MTF High Low Indicator fits all kinds of timeframes and currency pairs. These levels are often respected as market turning points, thus traders can take advantage of trading at them. ![]() The MTF High Low Indicator MT4 is responsible for drawing high and low levels of previous and current daily, weekly, and monthly periods. Introduction to the MTF High Low Indicator
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