PROTECTED SOURCE SCRIPT
Equal Highs/Lows
Updated
This indicator checks for equal highs/lows using the previous three pivots at any given time. This is helpful for identifying where liquidity lies and where a likely sweep/SFP may occur.
You can choose the bar size for the pivots to check for in order to detect desirable levels as well as adjust the acceptable deviation for near-equal highs/lows.
By default, the settings are ideal for BTC in the 5-15m charts. Deviation would need to be set in the decimals for lower-priced symbols and experimentation is recommended.
You can choose the bar size for the pivots to check for in order to detect desirable levels as well as adjust the acceptable deviation for near-equal highs/lows.
By default, the settings are ideal for BTC in the 5-15m charts. Deviation would need to be set in the decimals for lower-priced symbols and experimentation is recommended.
Release Notes
- Updated script to avoid redrawing levels- Replaced "tracking" with labels
- Added option to check for equal highs/lows on consecutive candles
Release Notes
Added ability to change eqh/l colorsRelease Notes
This script has been completely redone to reduce complexity. Now checks for equal highs/low, plots, and removes them if future prices exceed them.Release Notes
Added symbol to eqh/ls to represent liquidityRelease Notes
This indicator should now work with all symbols - feel free to provide feedback if there are any issuesRelease Notes
- Reduced number of lines (previously 500 and now 15)- Added option to adjust sensitivity on equal highs/lows
Release Notes
Added alertsRelease Notes
- Added tooltip for indicator sensitivity input- Removed liquidity label/text color from inputs
Release Notes
Added input for max linesRelease Notes
- Updated input grouping- Added alerts options if you exclusively want equal highs or lows
Release Notes
Shows equal highs and lows which usually indicates a large amount of liquidity beyond them. This information can guide decisions when price sweeps these areas then reverses direction (SFPs). In addition, these areas may indicate a potential break up/down as price fails to hold beneath/above.Improvements include:
- New codebase to detect equal lows/highs
- Shows historical areas for easier backtesting
- Granular input for sensitivity based on timeframe
Release Notes
Added the option for symbols in addition to the usual lines Protected script
This script is published closed-source and you may privately use it freely.
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