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Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

sylvester21, Fri Apr 19, 2024 12:31 am

Hello KVak and MrTools,

I donwloaded the attached Hi-Low indicator from one of the posts in forex station.

After using it, I noticed that Previous Day/Previous Week/Previous Month High-Low tends to act as reliable zones for price to react. This indicator is very useful as we can view the previous HighLow on current price.


I have a few ideas to make this a better one.
1. Can you separate it into 3 sets of indicators (1 for Daily, 1 for Weekly, 1 for Monthly)? Reason is, if all are combined into 1 indicator, it will display too many lines at once. The best analysis will be for the trader to open up one by one so that it will not clutter the chart.

2. On/Off buttons for each of the indicator. - This on/off will simplify our chart without too many lines

3. If possible, can you see if can create Previous Year High-Low as well? This will be a strong Support Resistance zones where price will play around to grab pending orders.

4. Addition to display Close and Open Prices as well (True/False). Not important, but will be useful if we can view it whenever we need it.


I hope my small input and feedback can be useful for this indicator and other traders in Fx Station using this.

As always, thank you very much.
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