The High Low Channel Indicator for MT5 is a powerful and easy-to-use trading tool that automatically marks the HIGH and LOW prices of a chosen trading range. These levels act as support and resistance, giving traders a clear visual reference for range trading and breakout trading strategies.
Whether you’re a beginner learning how to identify key price zones or an experienced trader building complex trading systems, this indicator provides reliable and customizable data across all timeframes — from intraday to daily, weekly, and monthly charts.
Once installed, the indicator draws two horizontal lines — one at the highest price and one at the lowest price of your selected time range.
The upper red line represents the High (resistance).
The lower red line marks the Low (support).
The indicator also displays the distance between these two levels (in 5-digit points), helping traders gauge volatility and range size.
You can fully customize the start and end times for the indicator’s calculation to match specific trading sessions — such as the London, New York, or Asian sessions.
This flexibility allows traders to adapt the indicator to their preferred strategy or market condition.
This approach focuses on trading within the channel — buying near the low and selling near the high.
Buy Setup:
Wait for the price to approach or test the LOW (support) line.
Look for a bullish confirmation (e.g., bullish engulfing or pin bar).
Enter a BUY trade.
Place a stop-loss just below the previous swing low.
Set your take-profit near the HIGH line.
Sell Setup:
Wait for the price to approach or test the HIGH (resistance) line.
Confirm with a bearish signal (e.g., bearish engulfing, rejection wick).
Enter a SELL trade.
Place a stop-loss just above the previous swing high.
Take profit near the LOW line.
This method works best in sideways or range-bound markets, where price consistently oscillates between support and resistance.
For traders who prefer volatility, the indicator can be used to identify breakouts from the high-low channel.
Buy Breakout Setup:
Wait for the price to close above the HIGH (resistance) line.
Confirm the breakout with volume increase or momentum indicators.
Enter a BUY trade.
Set a stop-loss below the breakout candle.
Sell Breakout Setup:
Wait for the price to close below the LOW (support) line.
Confirm the breakout with momentum signals or retests.
Enter a SELL trade.
Place a stop-loss above the breakout candle.
Breakout setups can lead to strong trends, especially when combined with higher timeframe confirmation.
Displays HIGH and LOW lines for a selected trading range.
Shows distance between the two levels in points.
Fully customizable start and end times.
Works on all MT5 timeframes (from M1 to Monthly).
Useful for range, breakout, and volatility analysis.
Simple visual interface — perfect for beginners and professionals.
Free to download and easy to install.
On the EURUSD H1 chart, the indicator plots two red lines stretching from the beginning to the end of your selected session. The top line marks the session’s high, and the bottom line marks the low.
You can easily identify:
The current trading range of the market.
Whether the price is trading near resistance (potential sell zone) or near support (potential buy zone).
Breakout opportunities when the price moves decisively beyond these levels.
This makes it especially useful for London session scalping or New York session breakout trading.
Combine with volume or momentum indicators (like MACD or RSI) to confirm breakouts.
Use higher timeframe highs and lows as reference zones for major support/resistance.
Avoid trading breakouts during low liquidity periods (e.g., before major news events).
Adjust the calculation period to match your preferred trading session.
The High Low Channel Indicator for MT5 is a versatile and intuitive tool for identifying market ranges, support, and resistance. It simplifies both range trading and breakout strategies, making it ideal for traders at all levels.
For the best results, combine this indicator with price action analysis or other confirmation tools.
The indicator is free to download, easy to install, and compatible with MT4 and MT5 platforms.
Published:
Nov 11, 2025 21:21 PM
Category:
