A simple indicator that detects if two candles lows or highs are equal. The pattern simply indicates the possibility of a reversal. However, many traders also use the Equal highs/lows within a broader context of market analysis to provide insights for trend traders, especially to detect pullbacks.
Equal Highs/Lows are a pattern that can indicate a shift in a trend direction or to find pullbacks within an established trend. The idea behind the equal highs and lows is that the first candle shows a strong move in the current direction, and the second candle pauses the previous candlestick price action. It's a clear sign that the momentum is slowing down. This insight is valuable for traders and can detect a potential change in the trend direction.
Usage
Use the pattern to find reversals.
Use the pattern to find pullbacks.
Disclaimer: No financial advice, only for educational/entertainment purposes.
Hi! Great Indicator! However, can you please make it so it plots equal highs and lows regardless if candles are not next to each other. This is useful for liquidity sweeps / sfp's.
apriljaycasiano2021
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can convert to mt4 ?
koalid
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Thanks a lot for this awesome work, Ser ! Can you make it more precise/drastic, please ? Like, triggering perfect equals and sending an alarm, pls.
thisisnotforex
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Hello, can it work the other way around ? Like identifies the low/high and the next equal high/low. p. ex: If price make high at 1.20 and later on price went up and went down and equals the prior high level.
Sounds confusing explainin, if i could code better i would do it myself
TvSel
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Hi, Is it possible to add the option to show the relative equal lows/highs for every swing (minor and major)?
ukmpits
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@ProValueTrader Sir, Is there any future Improvement? Thanks mate
kanemuir
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Could anyone please add the option to specify the minimum amount of equal highs or lows? I have tried modifying the script in chat gpt but keep getting errors!
I am looking to be able to see only 3 or more equal highs or lows in a row
Branamy
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I want to use it how
eyeballpaul101
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Thanks for creating the indi, is it possible to be able to extend the line by x = periods. I miss the odd one when zoomed out a bit. Thanks in advance