HH LL HL LH Marker

20 thg 5

HH LL HL LH Marker

The "HH LL HL LH Marker" is a versatile technical analysis tool designed to help traders identify and visualize key pivot points in price action. It highlights four types of pivot points: Higher High (HH), Lower Low (LL), Higher Low (HL), and Lower High (LH), aiding in spotting potential trend reversals or continuations.

Features:

Customizable Inputs: Adjust the number of bars to look back on for pivot calculation, and choose which pivot types to display.

ZigZag Line: Optionally display a ZigZag line connecting the identified pivot points for a clearer visualization of price swings.

Visual Marker: Each pivot point type is marked with a distinct label, making it easy to identify on the chart.

How to Use:

Higher High (HH): Indicates when the current high is higher than the previous two highs, suggesting potential upward momentum.

Lower Low (LL): Signals when the current low is lower than the previous two lows, indicating potential downward momentum.

Higher Low (HL): Marks a higher low compared to the two previous lows, potentially signaling a bullish trend reversal.

Lower High (LH): Identifies a lower high compared to the two previous highs, potentially indicating a bearish trend reversal.

Usage Tips:

Combine with other technical indicators or chart patterns for comprehensive analysis.

Adjust input parameters according to the timeframe and asset being traded for optimal performance.

Note: This indicator is for educational purposes only and should be used alongside other tools and analysis techniques for making informed trading decisions.

21 thg 5

Phát hành các Ghi chú

HH LL HL LH Marker

The "HH LL HL LH Marker" is a versatile technical analysis tool designed to help traders identify and visualize key pivot points in price action. It highlights four types of pivot points: Higher High (HH), Lower Low (LL), Higher Low (HL), and Lower High (LH), aiding in spotting potential trend reversals or continuations.

Features:

Customizable Inputs: Adjust the number of bars to look back on for pivot calculation, and choose which pivot types to display.

Visual Marker: Each pivot point type is marked with a distinct label, making it easy to identify on the chart.

ZigZag Line: Optionally display a ZigZag line connecting the identified pivot points for a clearer visualization of price swings.

How to Use:

Higher High (HH): Indicates when the current high is higher than the previous two highs, suggesting potential upward momentum.

Lower Low (LL): Signals when the current low is lower than the previous two lows, indicating potential downward momentum.

Higher Low (HL): Marks a higher low compared to the two previous lows, potentially signaling a bullish trend reversal.

Lower High (LH): Identifies a lower high compared to the two previous highs, potentially indicating a bearish trend reversal.

Usage Tips:

Combine with other technical indicators or chart patterns for comprehensive analysis.

Adjust input parameters according to the timeframe and asset being traded for optimal performance.

Note: This indicator is for educational purposes only and should be used alongside other tools and analysis techniques for making informed trading decisions.

22 thg 5

Phát hành các Ghi chú

The "HH LL HL LH Marker" is a versatile technical analysis tool designed to help traders identify and visualize key pivot points in price action. It highlights four types of pivot points: Higher High (HH), Lower Low (LL), Higher Low (HL), and Lower High (LH), aiding in spotting potential trend reversals or continuations.

Features:

ZigZag Line: Optionally display a ZigZag line connecting the identified pivot points for a clearer visualization of price swings.

Customizable Inputs: Adjust the number of bars to look back on for pivot calculation, and choose which pivot types to display.

Visual Marker: Each pivot point type is marked with a distinct label, making it easy to identify on the chart.

How to Use:

Higher High (HH): Indicates when the current high is higher than the previous two highs, suggesting potential upward momentum.

Lower Low (LL): Signals when the current low is lower than the previous two lows, indicating potential downward momentum.

Higher Low (HL): Marks a higher low compared to the two previous lows, potentially signaling a bullish trend reversal.

Lower High (LH): Identifies a lower high compared to the two previous highs, potentially indicating a bearish trend reversal.

Usage Tips:

Combine with other technical indicators or chart patterns for comprehensive analysis.

Adjust input parameters according to the timeframe and asset being traded for optimal performance.

Note: This indicator is for educational purposes only and should be used alongside other tools and analysis techniques for making informed trading decisions.

30 thg 6

Phát hành các Ghi chú

Update :
1. Extend to last bar is turned off by default
2. Display reversal price is turned on by default

24 thg 7

Phát hành các Ghi chú

Resolved the bug in this update