Highs & Lows Signal Alert Forex Indicator (MT4)

About the Highs & Lows Signal Alert Indicator

The Highs & Lows Signal Alert indicator for Metatrader 4 is designed to identify potential market turning points based on recent price highs and lows.

It analyzes price behavior and plots green and red signal arrows directly on the chart whenever a possible reversal or continuation opportunity appears.

The indicator is displayed in the main MT4 chart window, making it easy to follow without switching between multiple panels.

Green arrows suggest bullish pressure after a higher low forms, while red arrows highlight bearish pressure after a lower high develops.

Each signal can trigger an alert, allowing traders to react quickly even when they are not actively watching the screen.

This tool suits traders who prefer straightforward signals based on price action logic.

When combined with a trend filter, the Highs & Lows Signal Alert becomes a reliable entry timing tool.

Free Download

Download the “HighsLowsSignalAlert.mq4” indicator for MT4

Key Features

• Green and red arrow signals are plotted directly on the price chart
• Built-in alert notifications when new signals appear
• Based on recent highs and lows for price-driven signals
• Works on all MT4 time frames and currency pairs
• Simple logic suitable for manual and semi-automated trading

Indicator Chart

The chart below shows the Highs & Lows Signal Alert indicator on an MT4 price chart.

Green arrows mark potential buy opportunities, while red arrows highlight possible sell entries following shifts in recent highs and lows.

Guide to Trade with Highs & Lows Signal Alert

Buy Rules

• Wait for a green signal arrow to appear on the chart
• Make sure price is not directly below a strong resistance zone
• Open a buy trade at the start of the next candle

Sell Rules

• Wait for a red signal arrow to appear on the chart
• Make sure price is not directly above a strong support zone
• Open a sell trade at the start of the next candle

Stop Loss

• Set the stop loss below the most recent swing low for buy trades
• Set the stop loss above the most recent swing high for sell trades

Take Profit

• Target the next significant support or resistance level
• Alternatively, close the trade when an opposite arrow appears

Practical Tips

• Avoid trading signals during low-volume market hours
• Focus on signals that align with the current market direction
• Skip signals that appear inside tight consolidation ranges
• Use alerts to manage multiple charts more efficiently

Highs Lows Signal Alert + XP Moving Average Forex Strategy for MT4

This MT4 strategy combines the precision of the Highs Lows Signal Alert Indicator with the trend stability of the XP Moving Average Indicator.

The combination is designed to capture both breakout opportunities and strong trend continuations.

Traders often struggle to identify when a high or low breakout is valid.

By confirming those breakouts with the XP Moving Average trend direction, this system helps reduce false entries and improve accuracy.

This strategy works best on the H1 and H4 timeframes, where market swings are clear and noise is reduced.

It’s suitable for intraday and swing traders who prefer stable setups with well-defined stop loss and take profit levels.

The signals are easy to follow, making it ideal for traders who want mechanical, rule-based entries.

Buy Entry Rules

• Wait for the Highs Lows Signal Alert indicator to display a green buy signal near a recent low.
• Confirm that the XP Moving Average line is sloping upward, showing a bullish trend.
• Enter a buy trade at the close of the confirmation candle above the XP Moving Average.
• Place your stop loss 15 to 25 pips below the recent swing low.
• Set your take profit at the previous swing high or at a 1:2 risk-to-reward ratio.

Sell Entry Rules

• Wait for the Highs Lows Signal Alert indicator to display a red sell signal near a recent high.
• Confirm that the XP Moving Average is sloping downward, indicating bearish momentum.
• Enter a sell trade at the close of the confirmation candle below the XP Moving Average.
• Place your stop loss 15 to 25 pips above the recent swing high.
• Set your take profit at the previous swing low or use a 1:2 risk-to-reward ratio.

Advantages

• Combines breakout and trend confirmation for higher accuracy.
• Simple and visual setup that suits both beginners and experienced traders.
• Works effectively across a broad set of currency pairs.
• Provides clear risk management and trade discipline.

Drawbacks

• May produce fewer signals on lower volatility days.
• Whipsaws can occur during news events or sideways markets.
• Requires patience to wait for proper confirmation.

Case Study 1: AUDUSD H4 Setup

On AUDUSD, the Highs Lows Signal Alert issued a buy after a pullback to a recent low.

The XP Moving Average sloped up, and the price closed above the moving average.

Entry at 0.6650 with a stop at 0.6625 and a target at 0.6725 achieved a 75-pip move as the pair continued higher for several days.

The moving average confirmation prevented an earlier premature entry.

Case Study 2: EURJPY H1 Setup

EURJPY showed a clear reversal after a series of lower highs.

The Highs Lows Signal Alert generated a sell near resistance, and the XP Moving Average turned down.

A short entered at 142.10, stop loss at 142.45, and target at 141.10 produced a 100-pip winner.

The combination helped distinguish a reversal from a brief retracement.

Real Backtest Results (Deep Research Data)

Strategy Tips

• Always confirm the Highs Lows Signal Alert with the XP Moving Average slope before entering.
• Use higher timeframes like H1 or H4 to reduce false breakouts.
• Avoid trading during major news events that can cause unpredictable spikes.
• Consider trailing your stop once the price moves in profit by 50% of your target.
• Test this setup on different pairs to find the most consistent performers for your account.

The combination of precise breakout signals and trend confirmation remains the core edge.

Trade with proper position sizing and keep a journal to refine which pairs work best for your style on MT4.

Download Now

Download the “HighsLowsSignalAlert.mq4” indicator for Metatrader 4

FAQ

Does the Highs & Lows Signal Alert repaint signals?

The indicator generates signals after the candle closes, which helps reduce the chance of arrows changing later.

Which time frames work best with this indicator?

Many traders prefer M15, H1, and H4 charts, where price swings are more stable and easier to manage.

Can alerts be customized?

Yes, alert notifications can be enabled or disabled in the indicator inputs according to personal preference.

Is this indicator suitable for beginners?

The arrow-based signals are easy to follow, making it accessible for traders who are still learning price action.

Summary

The Highs & Lows Signal Alert indicator offers a practical way to trade price swings using recent highs and lows.

Its arrow signals and alert system make trade identification straightforward across different markets.

When combined with the High Low Rainbow indicator as a trend filter, it becomes a more disciplined approach with improved timing and better trade selection.

This setup fits well into a wide range of MT4 trading styles.