Equal Highs/Lows

18. Juli 2022

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.

20. Juli 2022

Versionshinweise

- Updated script to avoid redrawing levels
- Replaced "tracking" with labels
- Added option to check for equal highs/lows on consecutive candles

24. Juli 2022

Versionshinweise

Added ability to change eqh/l colors

3. Aug. 2022

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.

4. Aug. 2022

Versionshinweise

Added symbol to eqh/ls to represent liquidity

13. Aug. 2022

Versionshinweise

This indicator should now work with all symbols - feel free to provide feedback if there are any issues

14. Aug. 2022

Versionshinweise

- Reduced number of lines (previously 500 and now 15)
- Added option to adjust sensitivity on equal highs/lows

27. Sept. 2022

Versionshinweise

Added alerts

28. Sept. 2022

Versionshinweise

- Added tooltip for indicator sensitivity input
- Removed liquidity label/text color from inputs

28. Sept. 2022

Versionshinweise

Added input for max lines

1. Nov. 2022

Versionshinweise

- Updated input grouping
- Added alerts options if you exclusively want equal highs or lows

6. Jan. 2023

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

29. Jan. 2023

Versionshinweise

Added the option for symbols in addition to the usual lines