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...
A simple way to find Higher Highs and Lower Lows (HH and LL) whit automatic Fibonacci Lines in the most common levels.
In this indicator the Higher Highs only happens when a high value are rising from each other in the last "Length of Real Pivots" highs and the next same number of highs are falling in every single bar.
The Lower Lows are inverted, LL only...
Work in progress. Will indicate when a certain number of highest/lowest fractals have occurred from a starting point.
E.g. if lowest in 50, start counting highest fractals until N number is reached.
You can see my current status/attempts in the code comments. I am publishing to invite others to help via TV chat and StackOverflow. I will update the script when a...
Standard fractals indicator with an additional signal to show if it was higher than the last "up" or lower than the last "down"
A blue dot indicates the higher/lower fractal.
Working on an update to add a counting feature which will indicate when a certain number of higher highs from a given starting point has been achived.