OHLC Manual Indicator MT4

Open, High, Low and Close Manual Indicator MT4

Summary

An indicator that draws open, high, low and close (OHLC) prices on the chart. This indicator requires manual input of the OHLC prices.

Key Benefits

The open, high, low and close prices of a previous day’s session can be useful indicators of potential support and resistance in the following trading day.

Support and resistance levels are key levels for trade analysis and management (entry, exit and risk levels). This indicator is useful as it draws these levels on the chart for easy reference when analysing the chart.

This indicator allows manual input of the OHLC prices which is useful as many brokers will display out of hours trading action on charts meaning that automatic indicators may display technically incorrect levels.

 

For full indicator details and inputs visit the indicator page HERE

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