This script will show you at a glance the following trends:
Higher Highs (Green line on top)
Lower Highs (Red line on top)
Higher Lows (Green line on bottom)
Lower Lows (Red line on bottom)
It utilizes the Pivot High and Pivot Low functions to determine if the previous pivot was higher or lower than the current pivot .
Description
This study project is a Scalping Pullback trading Tool that incorporates the majority of the indicators needed to analyse and scalp Trends for Pull Backs and reversals on 1min, 5min or 15min charts. The set up utilies Heikin Ashi candle charts. Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important...
Even though there are a many other Fractal and Level indicators, this indicator has some unique features. The indicator will display Fractals, fractal levels and HH/LL points, they will only be drawn after they have completed. Also the indicator has options to :
Show Ideal Fractals Only.
Use Renko Style Fractals, where open/close values are used instead of...
This is my modified "Higher Highs & Lower Lows Stochastics" employing PSv4.0, originally formulated by Vitali Apirine for TASC - February 2016 Traders Tips. Reading through a TASC magazine of mine, behold, I found a little known indicator that I can't find anywhere on all of Tradingview. That was a tragedy I felt I had to resolve... This indicator is best...
Price indicator that shows the trend based on price movement.
The indicator determinants when an asset price is getting higher or lower by comparing the previous price highs and lows to the current price.
==Explanation==
In case current HL2 exceeds the previous HL2 HIGH then the columns will turn green.
In case current HL2 fails the previous HL2 LOW then the...
A hybrid but simple indicator that plots 4 strategies in one pane .
1) RSI Indicator
2) Stoch RSI
3) EMA50 Cross (To determine direction in current timeframe)
4) Higher Highs & Lower Lows to analyze the trend and break of trend
The relative strength index (RSI) is a momentum indicator used in technical analysis. It is displayed as an oscillator (a line graph) on...
See the highs and lows easily!
Up sequence:
The close of each candle is higher from the low of the previous candle.
* The reference will always be to the low of the highest candle in the up sequence
Down sequence:
The close of each candle is lower from the high of the previous candle.
* The reference will always be to the high of the lowest candle in the down sequence
This is a very powerful indicator and I'm really happy to show you how it works.
It shows Higher Highs(HH),Higher Lows(HL),Lower Highs(LH),and Lower Lows (LL), the supports and the resistance.
Lets start with the HH, HL, LH and LL.
This points helps a lot who can not identify them yet. They help to identify up trends having HH and HL in sequence, and when the...
A simple but very useful indicator that plots higher highs and lowers lows and that can be reset each hour, day, week or month, so it can plot new HH and new LL only in that range.
It can be used as it it, combined with other indicators or for TA (it's an entire story about highs and lows, google and youtube are your friends).
Alerts for HH/LL and for the first...
I have redesigned the first candlestick patterns. This one works with most time frames... The only time frames that it have some difficulties is the 1min to 15min and only on the doji, because sometimes the doji doesnt have any points(pips) in movement.
1. This is a editable indicator. You can change all the colors the way you want them. I have changed my...
This is very much a work in progress. Based on the teachings of Trader Dante.
What I'm trying to do is identify swings and then create an alert if there is a trade through the swing and a close below it (plus optional parameters),
not meant for automate trading or anything but just to alert that there might be a nice setup brewing.
The alerts currently only look...
Attempts to find higher highs and lower lows in the 5 minute window. When the light blue graph line peaks , you should investigate selling , when the light blue graph line dips you should investigate buying.
This is good for identifying oversold and over bought positions
