Description
As the name implies, TIL Daily OHLC is a simple, straightforward yet effective tool to keep track of yesterday’s last Open, High, Low and Close prices. Any experienced trader knows the importance of these price levels – they are often used to navigate and predict the current day’s trend and price action as strong support and resistance.
When applied to a chart, the indicator shows 4 plots that projects the 4 price levels from the previous day to the next one. Each price level is color coded and their styles also differ as pairs. As any functional MT4 indicator, these properties can be configured in the Indicator’s settings. The indicator follows the settings below by default:
- DailyOpen (last open price)
- Color – Aqua
- Line style – Solid
- DailyHigh (last high price)
- Color – Gold
- Line style – Dash
- DailyLow (last low price)
- Color – DarkOrange
- Line style – Dash
- DailyClose (last close price)
- Color – DeepSkyBlue
- Line style – Solid
Most importantly, the indicator features an alert system that prompts you in the MT4 platform with a sound whenever the current price crosses one of these 4 price levels. If your MT4 trading account is linked to the MT4 mobile app, you can send these alerts to your mobile device through push notifications. The platform alerts and push notifications are activated in the indicator’s user Inputs by default.
