High Low Close MT5 (MT5) — review, price and free alternatives

High Low Close MT5 is an MT5 indicator that draws the High, Low and either the Previous Close or the Current Open as infinite horizontal lines and historical segments from a selected timeframe.

What makes High Low Close MT5 unique is its combination of low-latency updates and support for both netting and hedging account modes in MetaTrader 5. The algorithm monitors chart events and a timer to refresh levels in real time, avoiding stale lines during fast market moves. The indicator itself does not place trades but is designed to be a reliable source of market structure for EAs or discretionary traders. In practical use it performs best in defined-range and breakout conditions where session highs and lows act as support and resistance. Risk management is user-driven; typical setups place stops beyond the plotted levels and use position sizing consistent with account volatility. The developer, Mariusz Franciszek Szczepanczyk, provides updates and support through common channels, and the indicator’s lightweight design means it can be run on multiple charts without excessive resource drain.

Risk level for traders using High Low Close MT5 ranges from conservative to moderate depending on strategy and position sizing. The indicator itself provides levels, not stop rules, so a disciplined stop loss strategy is essential: place stops beyond session highs and lows or use ATR-based buffers to account for volatility. Position sizing should follow percentage risk per trade guidelines, for example risking 0.5–2% of account equity per position to control drawdown. Market condition vulnerabilities include extreme news events and illiquid sessions where level whipsaws can occur; during such times pause trading or widen filters.

Install High Low Close MT5 by copying the indicator file into the MT5 Indicators folder and restarting MetaTrader 5. Attach the indicator to a chart and select the timeframe that will define the plotted levels, for example H1 or H4 for swing setups. Configure key parameters: choose Previous Close or Current Open, set line colors and segment history length, and enable timer updates if desired. Recommended brokers are those offering low spreads and fast execution, especially ECN or STP brokers for forex majors. Optimal chart timeframes are 1H and 4H for lower noise, with 15-minute available for intraday scalping. Test thoroughly in the strategy tester and on a demo account for at least 30 trading days before using live capital.