MT4 Market Structure Indicators
Market structure indicators organize price swings so traders can more easily interpret higher highs, higher lows, lower highs and lower lows on MetaTrader 4 charts.
HH, HL, LH and LL
Higher High (HH), Higher Low (HL), Lower High (LH) and Lower Low (LL) labels describe relationships between confirmed price swings. They are descriptive market-structure information, not guaranteed trade outcomes.
Swing confirmation
A swing point may require subsequent price action before it can be confirmed. This creates an important distinction between identifying a possible turning point early and confirming it later.
Using structure with a trading process
Structure can help traders describe trend progression, potential changes in behavior and relevant swing areas. Entry, stop and exit rules still need to be defined separately.
Chart clarity matters
A useful structure indicator should present information clearly enough that labels and lines help rather than overwhelm the chart.
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Trading involves risk. No indicator, trading system or EA can guarantee profit.