Higher Highs – Lower Lows Indicator

Higher Highs – Lower Lows Indicator

Higher High-Lower Low indicator for MT5. The best forex trading signals with trend exhaustion and reversal detection.
The Higher Highs – Lower Lows indicator for MT5 determines the emergence of new trends. In addition, it can find price correction areas and anticipate price reversals.

In this way, forex traders can determine the best entry and early exit points based on indicator crossovers and divergences between indicators and price. As an oscillator, the indicator can be used by forex traders to determine overbought and oversold conditions and trade accordingly. As a result, Forex traders can apply the indicator in multiple ways and use it to trade multiple technical trading strategies at the same time.

It can be applied to all intraday timeframes as well as daily, weekly and monthly price charts. In addition, forex traders can download the indicator for free and install it easily.

Higher High – Lower Low Indicator For MT5 Trading Signals
Using this indicator is very simple, it visually shows trend lines and signals when they cross. The indicator draws the BULLISH line in Green color and the BEARISH line in Red color.

If the BULLISH indicator line crosses the middle-level it indicates a BULLISH trend and acts as the best entry point to BUY. The greater the divergence between the indicator lines, the stronger the trend.

On the other hand, if the BEARISH indicator line crosses the middle-level line forex traders can take a SELL position.

Conclusion
The Higher Highs – Lower Lows indicator for MT5 is a versatile indicator based on higher high and lower low and combines it with the classic stochastic. So, Forex traders can use the indicator to identify the beginning and exhaustion of BULLISH and BEARISH trends. Additionally, forex traders can download the indicator for free and install it with ease.