The Multi Timeframe High Low Indicator (MT4) is a powerful visual tool for MT4 that automatically plots daily, weekly, and monthly high/low levels on your chart. This allows traders to track significant price zones and identify bullish and bearish momentum across multiple timeframes with ease.
In addition to current high/low levels, this indicator also includes "Previous" levels, helping traders pinpoint potential support, resistance, and entry zones based on price memory and recent breakouts.
You can download it from this link:
https://cdn.tradingfinder.com/file/3...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
https://www.forexfactory.com/thread/...r-mt5-download
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
Indicator Specifications
Categories
Support & Resistance – Trading Assist – Levels
Platform
MetaTrader 4
Skill Level
Elementary
Indicator Type
Breakout – Reversal
Timeframes
Multi-Timeframe
Trading Style
Day Trading
Markets Supported
Forex – Crypto – Stocks
Bullish Trend Conditions
On the 1-hour chart of XAU/USD, an upward move begins from the previous weekly low, establishing a base of bullish strength. As price continues to rise, the breakout above the previous monthly high confirms the momentum, suggesting buyers are in control.
MTF High Low lines acting as dynamic support and resistance in bullish conditions on XAU/USD
Bearish Trend Conditions
In the 1-hour Bitcoin (BTC) chart, a short-term up-move meets resistance at the previous daily high. The price then reverses and eventually breaks through the previous daily low, confirming the bearish trend and offering high-probability short trade setups.
BTC bearish trend analysis using high/low levels from the Multi Timeframe Indicator
MTF High Low Indicator Settings
The indicator’s settings panel in MetaTrader 4 provides extensive customization:
Daily Levels
In addition to current high/low levels, this indicator also includes "Previous" levels, helping traders pinpoint potential support, resistance, and entry zones based on price memory and recent breakouts.
You can download it from this link:
https://cdn.tradingfinder.com/file/3...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
https://www.forexfactory.com/thread/...r-mt5-download
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
Inserted Video
Categories
Support & Resistance – Trading Assist – Levels
Platform
MetaTrader 4
Skill Level
Elementary
Indicator Type
Breakout – Reversal
Timeframes
Multi-Timeframe
Trading Style
Day Trading
Markets Supported
Forex – Crypto – Stocks
On the 1-hour chart of XAU/USD, an upward move begins from the previous weekly low, establishing a base of bullish strength. As price continues to rise, the breakout above the previous monthly high confirms the momentum, suggesting buyers are in control.
In the 1-hour Bitcoin (BTC) chart, a short-term up-move meets resistance at the previous daily high. The price then reverses and eventually breaks through the previous daily low, confirming the bearish trend and offering high-probability short trade setups.
The indicator’s settings panel in MetaTrader 4 provides extensive customization:
- Show Daily Lines: Toggle daily highs and lows
- Daily Color / Style / Width / RayRight
- PreD_Color / Style / Width / RayRight: Settings for previous daily levels
Weekly Levels
- Show Weekly Lines: Toggle weekly highs and lows
- Week Color / Style / Width / RayRight
- PreW_Color / Style / Width / RayRight: Settings for previous weekly levels
Monthly or Custom Timeframes
- Show Custom Lines: Enable custom timeframe levels
- CustomTF: Set a custom period (e.g., 4H, 8H, etc.)
- Custom Color / Style / Width / RayRight
- PreC_Color / Style / Width / RayRight: Previous custom levels
Full settings panel in MT4 for customizing the Multi Timeframe High Low Indicator
Conclusion
The MTF High Low Indicator gives traders a comprehensive, multi-timeframe view of the most critical price levels on the chart. Whether analyzing pullbacks, breakouts, or reversals, these plotted lines offer valuable reference points for structuring trades with higher precision.
With flexible configuration options for timeframes, line styles, and coloring, this MT4 indicator is ideal for day traders and range traders who rely on clean, level-based analysis.