Higher High Lower Low Strategy (With Source Code)

9 ביולי 2019

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.

source code of :

3 באוק׳ 2021

הערות שחרור

upgraded to v4
added color options

3 באוק׳ 2021

הערות שחרור

Lines are used instead of plot() for S/R levels
fix: right bar is used instead of left bar for the labels/lines (Thanks to hankoman for the feedback)

5 באוק׳ 2021

הערות שחרור

line style and line width options added