Higher High Lower Low

9월 14일

Higher High Lower Low 🦉{Phanchai} — TradingView Description

Structure detector with dynamic Support/Resistance, customizable labels, and ready-made alerts (Pine v6).

This script marks market structure turning points — HH (Higher High), HL (Higher Low), LH (Lower High), LL (Lower Low) — and builds segmented Support/Resistance lines from those turns. Labels and colors are fully customizable and the script ships with multiple alert conditions.

What it does

• Detects swing pivots using left/right bar windows, then classifies each confirmed swing as HH/HL/LH/LL.
  
• Plots compact labels at the confirmed pivot bars with tooltips (English).
  
• Derives dynamic Support/Resistance: every time structure flips, the previous level is closed and a new segment starts, extending to the right.
  
• Provides alert conditions for any label and for specific first-occurrence shifts (e.g., first HH after a bearish label).
  

How it works (in short)

• A pivot high/low confirms only after Right Bars candles have closed; labels and S/R appear at that confirmation bar.
  
• An internal backbone (zigzag-like) is built from confirmed pivots, with light consistency checks to avoid contradictory sequences.
  
• Structure rules compare the recent five pivots (A…E) to decide HH/HL/LH/LL.
  
• S/R is updated from structure: e.g., in an up leg, new HLs refresh Support; in a down leg, new LHs refresh Resistance.
  

Alerts included

• Any structure label (HH/HL/LH/LL) — Fires on any new label.
  
• First LL after HL/HH — First bearish break after a bullish label.
  
• First HH after LL/LH — First bullish break after a bearish label.
  
• LL or HL formed — Any low-side label.
  
• LH or HH formed — Any high-side label.
  
• HL formed
• HH formed
• LL formed
• LH formed

How to use (quick start)

• Add the indicator to your chart.
  
• Choose Left/Right Bars for your timeframe (e.g., 5–10 for intraday; larger for higher timeframes).
  
• Pick your label colors/sizes and S/R style.
  
• Right-click the chart → Add alert… → Condition: this indicator → select the desired alert.
  

Notes & tips

• Because pivots require Right Bars to confirm, labels and S/R appear with a natural delay of that many bars. This avoids repainting.
  
• Raising Left/Right Bars reduces noise and increases the average distance between pivots; lowering them increases sensitivity.
  
• Structure is strict: sometimes you may see two HL (or two LH) in a row if the intermediate opposite swing didn’t qualify as HH/LH (or LL/HL).
  
• S/R segments are drawn with line objects; they are controlled via Inputs (style/width/color), not the Style tab.
  
• This tool highlights structure; it’s not a standalone entry/exit system. Combine with volume, trend, or risk management rules.
  

Built with Pine v6. Clean, compact labels; segmented S/R that updates only on confirmed changes; comprehensive alerts ready for automation.

9월 15일

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