Higher High Lower Low Strategy (With Source Code)

2019年7月9日

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.

source code of :

2021年10月3日

リリースノート

upgraded to v4
added color options

2021年10月3日

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)

2021年10月5日

リリースノート

line style and line width options added