LonesomeTheBlue

Higher High Lower Low Strategy (With Source Code)

This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.

Generally HH and HL shows up-trend, LL and LH shows down-trend.

If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically.

If you use smaller numbers for left/right bars then it will be more sensitive.

If you find my works useful, please consider a donation
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ETH: 0x39c8552371b9b7f4e324197af460ba8bc8e18ef9

source code of :
リリースノート: upgraded to v4
added color options
リリースノート: Lines are used instead of plot() for S/R levels
fix: right bar is used instead of left bar for the labels/lines (Thanks to @hankoman for the feedback)
リリースノート: line style and line width options added

オープンソーススクリプト

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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