LTHB & HTLB Zones with Alerts

In price action trading, the Lowest Tick of the Highest Bar (LTHB) and the Highest Tick of the Lowest Bar (HTLB) are important concepts for support/resistance identification, trend exhaustion, and reversal confirmation. Here's what they mean and why they matter:

🔹 Definitions
1. Lowest Tick of the Highest Bar (LTHB):

The lowest price (tick) of the bar (candlestick) with the highest high in a recent price swing.

Significance: It marks the support inside an upward swing. If price breaks below this, it often indicates loss of upward momentum or reversal.

2. Highest Tick of the Lowest Bar (HTLB):

The highest price of the bar with the lowest low in a swing.

Significance: It acts as a resistance inside a downward swing. If price moves above this, it can signal a bullish reversal.

🔸 Why Are They Significant?
Concept LTHB HTLB
Trend Reversal - Break below LTHB → possible bearish reversal Break above HTLB → possible bullish reversal

Swing Confirmation -Holding above LTHB → continuation of uptrend Holding below HTLB → continuation of downtrend

Trap Detection - Stop hunts often occur just below LTHB Stop hunts often occur just above HTLB

Risk Management -Acts as logical stop-loss in long trades Acts as logical stop-loss in short trades

🔸 Uses in Strategy
1. Breakout Traders use these levels as entry triggers.

2. Reversal Traders look for price failing to hold these levels for early reversal signs.

3. Structure-Based Traders use them to confirm higher highs/lower lows.

4. Stop Placement: Tight stops just beyond LTHB/HTLB help manage risk in swing trades.

🔔 How to Set Alerts in TradingView:
Add the script to your chart.

Open the "⚠️ Alerts" tab.

Click "Create Alert".

In the "Condition" dropdown, select one of:

Enter LTHB Zone

Exit LTHB Zone

Enter HTLB Zone

Exit HTLB Zone

Set desired alert frequency (e.g., once per bar or once).

Click Create.