The highs and lows of the current day, week, month or year can often be significant levels for trading. These are places where stop loss orders tend to accumulate, and the levels can be targets for stop-runs, reversals, and key levels for break-outs. They can also often act as support and resistance.
There is no one strategy that works in all cases, but something significant usually happens at these levels, and so it is clearly useful to have them marked on your charts, as key reference levels.
The “Highs and Lows” indicator can show the high/low levels for current day, week, month, year and 52-week periods. Of course, colours and line widths are customizable.
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This indicator is only compatible with FXCM’s Trading Station Desktop. Additionally, an FXCM account is required (including free FXCM demo accounts).
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