Yesterday High Low Break Monitor Indicator

Yesterday High Low Break Monitor Indicator

Forex BUY and SELL signals from the best Yesterday High Low Break Monitor Indicator for MT4. Find out the highs/lows of forex pairs.

The Yesterday High Low Break Monitor Indicator is a simple MT4 indicator that uses yesterday’s highs, lows, and breaks calculation. These calculations tell about the overall strength of the forex pair. The indicator plots orange and green buttons at the bottom, with each button mentioning the forex pair. If the forex pair is up, the indicator shows the green button.

Conversely, the indicator will show an orange button if the pair is down. If the overall trend is neutral, the Indicator shows the white button. The good thing is traders can use the Indicator at any timeframe.

Yesterday High Low Break Monitor Indicator BUY/SELL signals

The above EUR/USD H4 chart shows Yesterday High Low Break Monitor Indicator. The indicator doesn’t tell BUY and SELL signals; rather, it mentions the strength of the forex pair. For taking positions, traders can combine the indicator with the Yesterday High Low Break Monitor Indicator.

There is a popular forex strategy, high-low-breakout. Traders can use that strategy with the Indicator. The strategy locates trend-following entry points when the price breaks through a major level of support or resistance.

The first goal of this strategy is to identify the trend. Traders can identify the trend with the help of the Indicator. If the pair is green, then it is in an uptrend. On the flip side, if the pair is orange, it’s a downtrend.

After identifying the trend, traders need to plot support and resistance levels. Traders can plot these levels through the horizontal line or by using Donchain channels. To enter long or short, traders need to locate the price breakthrough. When the support breaks in an uptrend, traders can enter short positions. Conversely, traders can go long when the resistance breaks in a downtrend. In this way, traders can use the Indicator.

Conclusion
The Yesterday High Low Break Monitor Indicator tells the strength of the forex pair by using yesterday’s high, low, and break prices. Traders can combine the Yesterday High Low Break Monitor Indicator with other indicators for entering positions or use the popular Hi-low breakout strategy mentioned above. In addition, you can download the indicator for free on our website.