Daily high low forex indicator

I'm looking for an indicator that reports the daily highs and lows on lower timeframe; but not only the highest and the lowest, but also the.
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It also receives the daily high and low from our servers and updates the indicator automatically. Below is a screenshot of Indicator Manager. FX DailyRange can be purchased either as a monthly or yearly subscription, both includes all 20 forex pairs. The yearly subscription gets you 2 months for free.

Cancel anytime. This product is licensed per machine. We do not offer a trial version.

The High-Low Indicator for Forex Trading

Government Required Disclaimer Trading in the Forex market is very speculative in nature, involves considerable risk and is not appropriate for all investors. You must be aware of the risks and be willing to accept them in order to trade in the Forex market.

Therefore, before deciding to participate in Forex trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, investors should only use risk capital when trading the Forex market because there is always the risk of substantial loss.


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Do not trade with money you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site.

Trading Daily High/Low breakouts inline with Weekly & Monthly Candles

The past performance of any trading system or methodology is not necessarily indicative of future results. Necessary cookies are absolutely essential for the website to function properly. The daily high low based forex trading strategy is a breakout trading strategy from the high and low prices in the daily timeframe.


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In forex trading, the daily timeframe is crucial as most of the significant market players use this time table in their trading. As a result, any trading strategy in the daily time frame provides better trading results compared to the lower time frame. On the other hand, when the price creates a rally by breaking the high and low price of the daily timeframe will indicate a significant market momentum. If you can avoid the range market, the high low based strategy can provide a reliable trading result. If you can implement the trading strategy well as per the rule mentioned below, you can make a decent profit from it in any currency pair.

In this image above, the price has made a new higher high once it breaks above the candle high in the market area. However, there is some market condition where price moves to a range and violates the movement above or below the candle high.

Using ADR (Average Daily Range) to Find Short Term Trading Opportunities - Forex Training Group

If you are trading the breakout of a daily candlestick that is larger than the earlier candlesticks, you might be caught by the mean reversion of the price. In the forex market, it is often difficult to predict how long a trend could stay. Usually, in a forex chart, there is a point that shows the highest the value of a currency pair has ever reached considering a period of time, and there is also a point that shows the lowest value of the currency within the same period of time.

These are known as the highest high and the lowest low, or the resistance and support level. When this happens, there is said to be a breakout in the trade. The general idea of the forex high and low strategy is that the kind of breakout explained above happen almost on a daily basis.

Importance of the High-Low Indicator

If this is the case, it will be wise to pattern a strategy that will take advantage of this frequent occurrence; thus the forex high and low strategy. One smart thing to do is to place two pending stop orders. This will catch whichever direction the breakout is happening.