Market Structure: HH/HL/LH/LL (v6, simple)

What it does

Labels swing High/Low and classifies structure as HH / HL / LH / LL after confirmation.

Uses confirmed fractals (pivothigh/pivotlow) → no repaint after confirmation (there is a right-bar confirmation delay).

Optional swing connectors (lines), optional plain H/L when structure label is not applicable.

Plots last confirmed High/Low levels as reference.

Alerts when a new HH/HL/LH/LL is formed.

How it works

Swings are detected with ta.pivothigh() / ta.pivotlow() using user-defined left and right.

A pivot is confirmed only after right bars on the right—this is the only delay. Once confirmed, the label does not repaint.

Inputs

Left bars & Right bars – fractal sensitivity.

Connect swings with lines – draw lines between consecutive swings.

Show bullish (HH/HL) / Show bearish (LH/LL) – filter what to display.

Show plain H/L – draw H/L when classification is not HH/HL/LH/LL yet.

Recommended settings

1H–4H: left=2, right=2 (responsive).

1D+: left=3, right=3 (cleaner swing map).

Alerts provided

HH formed – new Higher High confirmed.

HL formed – new Higher Low confirmed.

LH formed – new Lower High confirmed.

LL formed – new Lower Low confirmed.

Use them to automate structure tracking or feed your strategy rules.

Tips

Trend up: a sequence of HH + HL; Trend down: LH + LL.

Combine with VWAP/EMA, liquidity zones, or volume/CVD to avoid chasing late signals.

The script is intentionally simple and lightweight; BOS/CHoCH can be added in a future update.

Limitations / Notes

Because the tool relies on confirmed pivots, signals are delayed by right bars.

This is not financial advice and not a buy/sell system on its own.

Changelog

v1.0 – Initial public release (Pine v6). Structure labels, swing connectors, last levels, and alert set.

Keywords
market structure, hh hl lh ll, swing, fractal, pivothigh, pivotlow, trend, structure labels, price action