HiLo Marker4

HiLo Marker4

HiLo Marker — Precision Extremum Navigator

HiLo Marker is a professional-grade technical indicator for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), designed to accurately detect and mark local price highs and lows within a specified time range.

Unlike standard fractal indicators, HiLo Marker applies a centered calculation window ($dist / 2$ offset). This approach effectively filters market noise and highlights the most significant pivot points — the areas where market structure genuinely shifts direction.

? Key Features

• Cross-Platform Performance — Fully compatible with MT4 and MT5, using identical core logic.

• Smart Centering Algorithm — Symmetrical price structure analysis for more reliable Price Action signals.

• Clean Chart Interface — No clutter or extra lines. Only precise arrow markers (Wingdings 200 & 202) firmly attached to bars.

• Lightweight & Fast — Optimized code ensures smooth performance, even with multiple charts and symbols open simultaneously.

? Trading Applications

• Support & Resistance Identification — Easily detect historical price peaks and valleys to draw key levels.

• Stop Loss Placement — Ideal for positioning protective stops behind the most recent local extremum.

• Trend Structure Analysis — Track Higher Highs (HH) and Lower Lows (LL) to confirm trend continuation or potential exhaustion.

⚙ Settings

• Length — Vertical offset (in points) between the bar and the marker for improved visibility.

• Period (dist) — Lookback window used to determine the local extremum (default: 24 bars).