Merek Equal Highs and Lows

EQH – Equal Highs Indicator

Description:
The EQH indicator detects Equal Highs on the chart. This occurs when price reaches the same high level two or more times without breaking it decisively.

Interpretation:

Liquidity zone: Equal highs are often seen as areas where liquidity (stop-loss clusters) is located.

Breakout potential: A break above this level often signals that liquidity is being taken before either a reversal or continuation of the trend.

Market structure: EQH highlights resistance areas that can serve as key decision points for traders.

Use cases:

Identifying potential stop-hunt zones

Spotting resistance levels

Anticipating liquidity grabs before reversals or trend continuations

EQL – Equal Lows Indicator

Description:
The EQL indicator detects Equal Lows on the chart. This occurs when price reaches the same low level two or more times without breaking lower.

Interpretation:

Liquidity zone: Equal lows are areas where liquidity (sell-side stops) tends to accumulate.

Breakout potential: A move below this level often indicates liquidity being swept before a possible reversal or continuation.

Market structure: EQL highlights support areas that can be critical for trade decisions.

Use cases:

Identifying sell-side liquidity zones

Spotting support levels

Recognizing possible stop-hunts before reversals or trend continuations