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.
Versionshinweise:
- Updated script to avoid redrawing levels
- Replaced "tracking" with labels
- Added option to check for equal highs/lows on consecutive candles
- Replaced "tracking" with labels
- Added option to check for equal highs/lows on consecutive candles
Versionshinweise:
Added ability to change eqh/l colors
Versionshinweise:
This script has been completely redone to reduce complexity. Now checks for equal highs/low, plots, and removes them if future prices exceed them.
Versionshinweise:
Added symbol to eqh/ls to represent liquidity
Versionshinweise:
This indicator should now work with all symbols - feel free to provide feedback if there are any issues
Versionshinweise:
- Reduced number of lines (previously 500 and now 15)
- Added option to adjust sensitivity on equal highs/lows
- Added option to adjust sensitivity on equal highs/lows
Versionshinweise:
Added alerts
Versionshinweise:
- Added tooltip for indicator sensitivity input
- Removed liquidity label/text color from inputs
- Removed liquidity label/text color from inputs
Versionshinweise:
Added input for max lines
Versionshinweise:
- Updated input grouping
- Added alerts options if you exclusively want equal highs or lows
- Added alerts options if you exclusively want equal highs or lows
Versionshinweise:
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
Improvements include:
- New codebase to detect equal lows/highs
- Shows historical areas for easier backtesting
- Granular input for sensitivity based on timeframe
Versionshinweise:
Added the option for symbols in addition to the usual lines
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