Swing High And Low Forex Indicator (MT4)

About the Indicator

The Swing High and Low Forex Indicator for MT4 helps traders identify important pivot points on the chart — the swing highs and swing lows.

These points mark significant reversals or pauses in price action, providing essential reference levels for setting entries, stops, and targets.

Key Features

• Automatically detects and marks swing highs and lows
• Helps visualize market structure and trend direction
• Clear and customizable arrows or markers
• Works on all forex pairs and timeframes
• Simple, intuitive interface with minimal chart clutter

How It Works

The indicator scans past price bars to identify local maxima and minima that qualify as swing highs and lows based on configurable sensitivity settings.

It then marks these points with arrows or symbols directly on the chart to help traders quickly assess trend strength, potential reversal zones, and breakout points.

Free Download

Download the “AdventFX_SwingH_L.ex4” indicator for MT4

Benefits of Using the Indicator

• Enhances the ability to read price action and market structure
• Assists in spotting potential reversal or breakout zones
• Improves timing for entries and exits
• Can be combined with other indicators for confluence

Indicator Example Chart (EUR/USD M5)

How To Trade Using This Indicator

Buy Setup

• Look for the price to form a new swing low and hold above it
• Confirm with bullish candlestick patterns or momentum indicators
• Enter long near the swing low with a stop loss just below
• Take profit at the next swing high or resistance level

Sell Setup

• Identify a new swing high followed by price weakness
• Confirm with bearish signals or volume drop
• Enter short with a stop loss above the swing high
• Target the next swing low or support area

Pro Tip

Use swing highs and lows in conjunction with trendlines or moving averages to strengthen trade signals and filter out false breakouts.

Download Now

Download the “AdventFX_SwingH_L.ex4” indicator for Metatrader 4

Swing High/Low + Forex Gump Forex Strategy for MT4

This strategy combines the structural clarity of the Swing High and Low Forex Indicator with the signal precision of the Forex Gump Indicator.

The goal is to identify market turning points at key swing levels and trade in the direction of momentum once confirmed by Forex Gump.

This method is effective for both trend and countertrend setups and is suitable for M15 to H4 timeframes.

What Is This Strategy About?

The Swing High and Low Indicator highlights recent market structure points, helping traders easily spot support and resistance areas.

These levels are crucial for identifying breakout and reversal opportunities.

The Forex Gump Indicator, known for its responsive buy/sell arrows and momentum-based filtering, confirms entry direction with visual signals.

When combined, traders get a structure-based trading plan enhanced by actionable signal confirmation.

Buy Rules

Conditions:

• Price forms a higher low near a previous swing low as marked by the Swing High/Low Indicator.
• The Forex Gump Indicator prints a green buy arrow or signal bar near or after the bounce.

Entry:

Enter a buy trade when the price reacts positively from a swing low and the Forex Gump Indicator confirms the start of a new bullish move.

Stop Loss:

Place your stop loss just below the most recent swing low level to allow room for normal market fluctuation.

Take Profit:

Target the next swing high as your take profit zone, or use a 1:2 or 1:3 risk-to-reward ratio based on recent volatility.

Sell Rules

Conditions:

• Price forms a lower high near a previous swing high zone.
• The Forex Gump Indicator shows a red sell arrow or bearish bar after rejection from the swing high.

Entry:

Sell when the price reacts down from a swing high and the Forex Gump Indicator confirms bearish momentum with a red signal.

Stop Loss:

Set the stop loss just above the recent swing high or the signal candle’s high.

Take Profit:

Target the next swing low, or use a fixed risk-reward ratio such as 1:2 to lock in profits consistently.

Advantages

• Combines market structure with momentum-based entry confirmation.
• Easy-to-read chart setup—suitable for beginner to advanced traders.
• Works in both ranging and trending markets.
• Reduces false signals by requiring confirmation from both indicators.

Drawbacks

• May miss early moves due to confirmation requirement.
• Not ideal during major news events or extremely volatile sessions.
• Requires some manual observation of prices near swing levels.

Conclusion

The Swing High/Low + Forex Gump Strategy offers a balanced approach to trading by combining historical structure with current momentum.

Use the Swing High and Low Indicator to identify potential trade zones, and the Forex Gump Indicator to enter only when momentum confirms your bias.

Examples, Case Data, Back Test, Pros & Cons

Pros

• Clear visualization of market pivots
• Works well across all instruments and timeframes
• Helps in structuring trades with defined risk

Cons

• May lag slightly depending on sensitivity settings
• Best combined with other confirmations to avoid fake signals

Indicator Specifications

Final Words

The Swing High and Low Forex Indicator is a must-have for traders looking to better understand price action and market structure.

By clearly marking significant pivot points, it supports smarter trade decisions with defined risk and profit targets.

Use it alongside your favorite confirmation tools for maximum effectiveness.