Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Indicator | High Low Сluster

The idea of the indicator

Find the moments when a fully formed candlestick (bar #1) crosses the 'Moving Average' indicator. Then we look for the previous intersection. Between the dates found, draw a rectangle.

MetaTrader Experts, Indicators, Scripts and Libraries

Pic. 1. High Low Сluster

The borders of the rectangle (upper and lower) can be used as Stop Loss and Take Profit levels.

39399