The High and Low Line Indicator is a straightforward yet powerful tool designed to plot the highest and lowest price levels of a selected symbol directly on the chart. This indicator allows traders to visually identify key support and resistance levels, which can be crucial in making informed trading decisions.
Use Cases:
Identifying Support and Resistance: The high and low lines often act as natural support and resistance levels, providing clear points for entry, exit, or stop-loss placement.
Breakout Trading: Monitor when the price breaks above the high line or falls below the low line, which can signal potential breakout opportunities.
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