AverageHighLow

AverageHighLow

AverageHighLow — Simple and Smart Signal Indicator

AverageHighLow is a lightweight and intuitive custom indicator that plots the average of the High and Low prices for each candle — forming a dynamic support/resistance-like line across the chart. It also includes real-time Buy and Sell signal alerts when price crosses this average level.

Features:

• ✅ Plots a smooth line based on (High + Low) / 2

• ? Signals generated when price crosses the average:

  • Buy Signal: Price crosses above the line

  • Sell Signal: Price crosses below the line

• ? Alerts are displayed in the Alerts tab (optional push/email notifications can be added)

• ⚙️ Works on any symbol and any timeframe

• ? Built with clean MQL5 logic for fast execution and low resource usage

• ? Suitable for manual trading or as a signal feed for EAs

? How It Works

This indicator calculates the midpoint of each candle’s range (High + Low) / 2 and plots it as a line. When the current Close price crosses above or below this level, a signal is triggered.

This can help you:

• Identify potential breakouts or reversals

• Confirm entries when paired with other indicators

• Use as a filter in algorithmic strategies