What are highs and lows in forex?
Tracks the highest high and lowest low of the previous 20 candles to spot breakouts.
What is 20-candle High and Low?
Tracks the highest high and lowest low of the previous 20 candles to spot breakouts.
Illustrative signals of the rule on simulated data — not a trading recommendation.
Rule: Price closes beyond the high/low of the previous 20 candles: buy/sell. Entry = close of the signal candle; SL = entry ∓ 1.5 × ATR(14); TP1/TP2/TP3 = 1R/2R/3R.
How to read 20-candle High and Low signals
How High / Low produces its number, and what each shape on the chart means.
Formula and how it works
At each candle, take the highest and lowest level of the 20 closed candles before it. A close beyond the high or the low is a signal in the direction of the breakout.
Use the high/low zone as an objective reference, combined with a trend filter and risk management.
Recommended MT5 parameters for 20-candle High and Low
Values used in the illustration; confirm them before deploying an EA.
| Parameter | Description |
|---|---|
| Bars | Number of candles checked: 20 in the example; can be changed in the brief. |
Frequently asked questions about 20-candle High and Low
Does 20-candle High and Low on this page use real or simulated data?
The chart on this page uses a deterministic simulated candle series; it is not market prices or trading results.
Can 20-candle High and Low be used in an EA?
You can describe the rule and parameters in a Custom EA brief. It needs independent testing with real data and server time.
How are the SL and TP levels on the 20-candle High and Low chart calculated?
Entry is the close of the signal candle. SL is 1.5 times ATR(14) away from entry; TP1, TP2 and TP3 are 1R, 2R and 3R away from entry.
Using 20-candle High and Low in an EA, and further reading
State the candle-close condition, parameters and server time clearly when you put the rule into an EA. See the EAs available on the marketplace to compare options, or read how to read MT5 backtest results before judging any EA.
Other price action indicators
Indicators in the same price action group, often used instead of or alongside 20-candle High and Low.
An indicator draws signals, but when to enter, where to stop out and how much to risk are still your set of rules. Send those rules and DinexSpace builds them into an EA.