LonesomeTheBlue

Higher High Lower Low Strategy (With Source Code)

This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.

Generally HH and HL shows up-trend, LL and LH shows down-trend.

If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically.

If you use smaller numbers for left/right bars then it will be more sensitive.

If you find my works useful, please consider a donation
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source code of :
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

can you pls make a video of its explanation??
+30 Rispondi
wandafaye2112 palrakesh
@palrakesh, so sorry but if you need a video explanation of how to use this i recommend not trading :)
+12 Rispondi
What is the meaning of "Left bar", "middle bar" and "right bar" in the input section?
+20 Rispondi
LonesomeTheBlue BillionaireLau
@BillionaireLau, they are both is required number to find Pvot Point. because it needs to check both side (left and right side) of candles to make sure if it's Pivot Point or not.
+4 Rispondi
Hi, really good script. I tested it for a while now. I want to use it for scalping, but the thing i am bumping in to is the 2 candle delay in calculating. After 2 candles it will give alerts, labels HH etc. I am aware the scripts needs data to calculate, but is there an option to tighten it? Is that what you mean by "If you use smaller numbers for left/right bars then it will be more sensitive."?
+16 Rispondi
LonesomeTheBlue Bobby-GeoTrader
@Bobby-GeoTrader, yes thats true
Rispondi
SRams71 LonesomeTheBlue
@LonesomeTheBlue, I think this in combination with overbought oversold condition will help in timing the enty
+3 Rispondi
midpoint75 Bobby-GeoTrader
@Bobby-GeoTrader, Using it with N4 and N7 bars will make it more profitable.
Rispondi
how do u set alerts for high and low? i really like it
+8 Rispondi