Hi Lo 4
Hi Lo 4 is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to the daily high / low range. It draws arrows on the chart. It has 4 settings, for example barn (default 300), Length (default 6) and Activator Period (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Hi Lo 4
Hi Lo 4 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 4 settings, such as Barn, Length and Activator period. MQL source code included.
Files in the download: High_Low v2 (ZigZag).mq4, HL Next Activator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Barn | 300 | |
| Length | 6 | |
| Activator period | 3 | Period or timeframe used by the calculation |
| Use full periods | 1 | Number of bars in the calculation |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code