Highs And Lows TF (HL-TF)

Video Demonstration

Description

Highs and Lows TF indicator defines the lowest and highest prices for a given instrument with time-frame agnostic. It’s a valuable tool for traders, automatically marking these critical price levels with lines on a chart of a different time-frame. The indicator is based on impulse correction indicator. It takes highest and lowest points with option to select custom time-frame that is different from the chart. This allows as an example to see highs and lows of a daily time-frame on a minute chart.

How It Works

The High-Low TF indicator plots horizontal lines representing the highest and lowest prices over custom time-frame that is not connected to the chart's time-frame. These lines act as support and resistance levels, helping traders identify potential entry and exit points.

Chart Settings

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* For common indicator properties please see Common Indicator Settings