This indicator is only designed to trade 5 day high low price breakouts. It draws two lines – 5 day high price and 5 day low price.
Trading Signals
BUY: Buy a close above the 5 day high price.
SELL: Sell a close below the 5 day low price.
Download
Download the Breakout 5-Day HL.mq4 indicator
GBP/USD 1 Hour Chart Example
How to install the Breakout 5-Day HL custom indicator in Metatrader 4?
- Download the Breakout 5-Day HL.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.