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.

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source code of :
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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If you find my works useful, please consider a donation
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ETH: 0x39c8552371b9b7f4e324197af460ba8bc8e18ef9

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Comentários

can you pls make a video of its explanation??
+14 Resposta
What is the meaning of "Left bar", "middle bar" and "right bar" in the input section?
+12 Resposta
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.
+2 Resposta
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."?
+10 Resposta
LonesomeTheBlue bobbyvanessen
@bobbyvanessen, yes thats true
Resposta
how do u set alerts for high and low? i really like it
+5 Resposta
@ntsnow02, Im wondering the same...
Resposta
Hey man, I just wanted to say that after trying hundreds of scripts (literally), this is the first (other than of RSI) that I've implemented into my strategy. Thank you.
+5 Resposta
ArJunRadhaKrishnan UnknownUnicorn2296140
@UnknownUnicorn2296140, any other good indicators that u added sir?
Resposta
PLEASE ADD A ALERT CONDITION OF THE CHANGE IN THE TREND (i,e with the change in bar colour)
+4 Resposta
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