High Low Indicator

The Hi Low Indicator is a VertexFX Indicator that displays the peak “High” and minimal “Low” of the recent candles (trader choose in the  in the hourly chart.

It is basically used to trade X candle breakouts on hourly chart. It comprises of two horizontal lines – the upper red line, which is the peak “High” of the recent candles, and the lower green line which is the minimal “Low” of the recent BARS_BACK candles.

Traders can place Buy positions when price gets above the upper red line. Place stoploss (SL) below the lower greenline.
Traders can place Sell when price closes gets below the lower Green line. Place stoploss (SL) above the upper red line.