LLHC/HHLC - Simple Arrows

20 thg 7, 2022

A simple script for analyzing two types of reversal candles. HHLC and LLHC reversal candles.

HHLC

• If a candle has a higher high and a lower close than the previous candle, it is marked with a red HHLC downward pointing arrow.
  

LLHC

• If a candle has a lower low and a higher close than the previous candle, it is marked with a green LLHC upward pointing arrow.
  

The script's first iteration helps identify candles that MIGHT be reversal candles.

Remember to check:
1. What market cycle the price action for a stock is in.
2. Which reversal you're looking for as a result of that market cycle.

I'm not a pro, so hopefully, the stuff to remember is correct. Please examine the candles to determine if they fit your parameters for a reversal candle.

Shout out to TJ for teaching about these reversal candles! He's a freaking boss!!

26 thg 7, 2022

Phát hành các Ghi chú

Changes 7/26
These changes were put in to make the chart less busy when the indicator is applied.

• The text above the arrows has been removed.
  
• Arrow shapes have been changed to triangle shapes.