Itakepips

Support Resistance HH HL LH LL

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 trend is not strong anymore creating LH after.
For down trends, the indicator show LH and LL in sequence and when the trend is not strong anymore showing HL after.
As well this indicator helps to draw trend lines when it shows. For example the LL drawing the line from the low of the first candle (LL) to the low of the second candle showing HL for an uptrend.
It can be done for the down trend, drawing the trend line from the high of the candle showing the HH, to the high of the candle showing LH.
Another use of the HH, HL, LH, LL can be the stop loss this will be explained later in the support and resistance part.
Now let me explain the support and resistance .
The support and resistance can be used as entry when the price break true using the previous HH, HL, LH and LL as stop loss.
For a safer entry I advise to use the retest of the line.
In the settings of the indicator there is the possibility to make the indicators invisible, to change the color, and as well to change how many candles before and after the main candle showing the HH, HL, LH and LL, but I advise to leave it as it is.

Thank you and lets take some pips!
Phát hành các Ghi chú: there was a typing mistake on the show HH HL LH LL on setting
Phát hành các Ghi chú: Changed the minimum value can be set to have more HH HL LH LL
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
To have access for our 2 week Trial of our indicator please contact us at support@itakepips.com
As well you can have access in our website https://itakepips.com/
https://www.youtube.com/channel/UCupP8hWmM9dIZAXtc_ZVCOg

Bình luận

Hello, Can I use this indicator need?Thank You..:-)
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Itakepips veersenpatil
@veersenpatil, Hi, of course please check your message
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good evening may I please use this indecator please
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Hello, can I use this indicators please, thank you
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Itakepips francisbcote
@francisbcote, Hi! yes of course, please check your message
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hello boss can i try for 2 weeks
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Itakepips manishtak44
@manishtak44, Thank you for you comment, of course check your message!
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Hi there, can I please use this indicator?
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@moonst, of course, please check your message
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