Hi-Lo Range Indicator for MT5 FREE DOWNLOAD

In the dynamic world of financial trading, technical indicators play a vital role in helping traders make informed decisions. One such powerful tool is the Hi-Lo Range Indicator for MT5, which provides valuable insights into the price range of an asset over a specified period. In this article, we will delve into the Hi-Lo Range Indicator, its key features, and how traders can download it for free to enhance their trading strategies.


The Hi-Lo Range Indicator is a popular technical analysis tool that calculates the difference between the highest high and lowest low prices of an asset over a given time frame. By visualizing the price range, traders can better understand the market’s volatility and potential price movements.

Understanding the Hi-Lo Range Indicator

The Hi-Lo Range Indicator operates on the basis of historical price data. It identifies the highest and lowest prices of an asset within a chosen time period, typically represented as bars or candlesticks on a chart. The difference between these extreme price levels is then plotted on a separate indicator window, providing a clear visual representation of the price range.

Key Features of the Hi-Lo Range Indicator for MT5

  1. Customizable Timeframe: Traders can adjust the indicator’s settings to compute the Hi-Lo range over their desired timeframe, such as daily, weekly, or monthly periods.
  2. Display Options: The indicator offers various display options, allowing traders to choose between different chart types, colors, and line styles that suit their preferences.
  3. User-Friendly Interface: The Hi-Lo Range Indicator is designed with a user-friendly interface, making it accessible to both beginner and experienced traders.

Key Benefits of the Hi-Lo Range Indicator

  1. Volatility Assessment: By measuring the price range, the Hi-Lo Range Indicator helps traders assess the market’s volatility. Higher ranges indicate increased price fluctuations, while lower ranges suggest relatively stable price movements.
  2. Trend Identification: The indicator can assist in identifying potential trends. A widening range may indicate a trending market, while a narrowing range could signal a period of consolidation.
  3. Support and Resistance Levels: Traders can use the indicator to identify significant support and resistance levels based on historical price extremes.

How to Download the Hi-Lo Range Indicator for MT5

The Hi-Lo Range Indicator for MT5 is available for free download from various online platforms and forums. To obtain and install the indicator, follow these simple steps:

  1. Search for reliable websites or forums that offer custom MT5 indicators for free download.
  2. Look for the Hi-Lo Range Indicator or similar range indicators for MT5.
  3. Download the indicator file to your computer.
  4. Launch your MT5 trading platform.
  5. Access the “File” menu in the top-left corner and select “Open Data Folder.”
  6. Locate the “MQL5” directory and find the “Indicators” folder.
  7. Copy the downloaded indicator file into the “Indicators” folder.
  8. Restart your MT5 platform.
  9. The Hi-Lo Range Indicator will now be available in the “Navigator” window, under the “Indicators” section.


The Hi-Lo Range Indicator for MT5 is a valuable tool for traders seeking to understand price volatility and identify potential trading opportunities. By calculating the difference between the highest high and lowest low prices over a specific timeframe, the indicator offers valuable insights into historical price movements.

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