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 :
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simply awesome...but can we make it back testable? so we can back test different pairs. thanks in advance.
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."?
+1 Resposta
LonesomeTheBlue bobbyvanessen
@bobbyvanessen, yes thats true
Resposta
when does a HL actually print? Only if price breaks above a previous pivot high?
+1 Resposta
LonesomeTheBlue rileytester92
@rileytester92, if you mean Higher Low then it appears pivot point is higher then last low and last high (or PP) is Higher High
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.
+2 Resposta
if u can put zigzag between high and low must awesome TQ
Resposta
PLEASE ADD A ALERT CONDITION OF THE CHANGE IN THE TREND (i,e with the change in bar colour)
Resposta
Awesome . Works Great. Thanks
+1 Resposta
great work thanks
+1 Resposta
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