4H High-Low Boxes

This indicator dynamically plots high-low boxes based on the most recent 4-hour candle, providing visual markers for key price levels and trends. The box is updated in real-time to reflect the highest and lowest points of the current 4-hour candle, and its color changes based on the market's direction.

Key Features:

Dynamic Boxes: The indicator automatically adjusts to the 4-hour candle's high, low, and open price, creating a box that updates with price action.

Color-Coding: The box color changes based on the price direction. A green box indicates bullish market sentiment (price is above the 4H open), while a red box indicates bearish sentiment (price is below the 4H open).

Accurate Timeframe Representation: It works across any intraday timeframe (e.g., 5-minute, 15-minute, 1-hour), providing consistent, visually relevant markers for trading decisions.

Real-Time Updates: The box is adjusted dynamically as price evolves, ensuring it accurately represents the 4-hour price range during live trading.

Customizable Settings: Tailor the visual aspects of the box, including border color, background transparency, and other parameters.

Trading Strategy Ideas:

• Rejection at High/Low: Look for price rejection at the 4H high/low for potential reversal signals.
  
• Breakout Strategy: Trade breakouts above the 4H high or below the 4H low for momentum trades.
  
• Mean Reversion: Enter when price moves away from the 4H open, expecting it to return to the open price.
  

This indicator can be used as a standalone tool or combined with other technical indicators to improve entry and exit points. Perfect for swing traders and those using price action to identify key support and resistance levels.

HAPPY TRADING