The Daily High-Low Indicator is one of the powerful tools in MetaTrader 4 Indicator that helps traders in technical analysis to identify criticalSupport and Resistance levels based on the highest (High) and lowest (Low) prices recorded during a trading day.

This indicator marks the highest and lowest prices of the current and previous trading day on the chart with red lines (lowest price) and green lines (highest price). These levels can help determine appropriateEntry-Exit points and Take Profit-Stop Loss levels. This indicator is particularly useful in all markets, especially in volatile markets where price movements are fast and unpredictable.