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Forex Indicator “HighsLows_HTF_Signal”

This indicator demonstrates the direction of the trend or the wave for making a transaction from the indicator HighsLowsSignal on the indicated ledge. The signal is shown in the form of a graphic object with the colored trend indication or the direction of the transaction. The signal alerts, if there are indications to conclude transactions.

If on the indicated ledge the trend continues, then the indicator alerts in the form of a graphical object, which represents an arrow pointed to the right. The color of the object (arrow) corresponds with the trend movement. If on the indicated ledge a change of the trend occurred, then the indicator alerts in the form of an object, which also represents the arrow, only this time it is pointed diagonally. The color of the object (arrow) corresponds with the movement of the transaction.

The indicator’s input parameters can be split in three major categories.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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