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HH HL LH LL indicator
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First Post: Feb 4, 2011 6:05pm Feb 4, 2011 6:05pm Quote Post #1
Saintsurfer
Hi, does anyone have an indicator that shows higher highs higher lows and lower highs lower lows on the chart?
As in this chart. I really can`t find such one by any sources. Would aprechiate very much.
Attached Image
Quoting Saintsurfer
Hi, does anyone have an indicator that shows higher highs higher lows and lower highs lower lows on the chart?
As in this chart. I really can`t find such one by any sources. Would aprechiate very much.
I just saw that somewheres, I think in Trading Systems, maybe a cubbybgood thread......cheers
Hello Saintsurfer,
there might be fractal indicators that can be modified to do this. or there already is one available out there.
https://www.forexfactory.com/showthread.php?t=279551 1/8
8/12/2017 HH HL LH LL indicator @ Forex Factory
maybe u can post the code, then others can translate it into MT4.
Attached is a similar indicator done by FerruFX for the thread mentioned by GoldSurfer earlier, the post can be be found here
Attached File
hhLhhllHll_alert.ex4 8 KB | 4,699 downloads
Quoting supremeChaos
looking at the chart, it looks like he uses MT4.
maybe u can post the code, then others can translate it into MT4.
https://www.forexfactory.com/showthread.php?t=279551 2/8
8/12/2017 HH HL LH LL indicator @ Forex Factory
I'm not sure how to post the code but here is the download link if anyone is interested.
Thank you all for trying to help. Actually I most need those labels HH HL to apear on the swings. There is no problem to see it buy naked aye just that I want to learn someone(a total beginer) to trader where he will
need to take breaks of fractals/swings on smaller time frame in to the longer term direction,and it would be easier if those labels was on the chart, you know. Becose it need to take only breaks of LH in an up trend and
HL in a down trend. very simple actually.
Quoting Saintsurfer
.......There is no problem to see it by the naked eye......
I saw your post in the news thread. I don't know of such an indicator.
The problem is that what might appear obvious to the naked eye is not necessarily easy to express mathematically. HH/HL/LH/LL is talking about swings withing bigger swings. You'd need to define mathematically
what is the minimum number of candles in each of these swings. For example, you could say major downswing has ended if price has formed a low that has 10 higher lows on each side of it. But there are at least two
problems with this:
1. Lag: you need to wait for 10 candles after the swing low before it can be defined as such.
2. The number '10' is an arbitrary one. In some situations you might need to use 7 or 15 or 20 to produce the same labels that agree with what seems obvious to the naked eye. Every situation is different.
Another way you could define a swing low is the lowest point that was previously reached, after price crosses above an X-period moving average. But again, you have the same two problems: the lag factor, while
waiting for the crossover to occur; and of finding the optimum value for X, e.g. 7 or 15 or 20.
You can get around the lag factor by trying to anticipate whether or not the current candle is likely to be a swing low, but then you introduce a repainting problem, as the candle must be un-highlighted if subsequent
candles produce a lower low.
The well-known Zigzag indy (attached) illustrates these problems. By changing the parameters you can make it turn at different highs and lows. The question becomes: which of these are valid, according to the naked
eye? Not everybody might agree on the same answer. The zigzag repaints, in order to circumvent any lag problem.
[EDIT]
The screenshot shows two instances of Zigzag: the red plot uses parameters of 12,5,3 to show the minor swings, and the blue plot uses parameters of 36,5,3 to highlight the major swings. Changing the parameters
will change the length of the swings.
https://www.forexfactory.com/showthread.php?t=279551 3/8
8/12/2017 HH HL LH LL indicator @ Forex Factory
Attached File
ZigZag.mq4 6 KB | 1,231 download
Quoting hanover
I saw your post in the news thread. I don't know of such an indicator.
The problem is that what might appear obvious to the naked eye is not necessarily easy to express mathematically. HH/HL/LH/LL is talking about swings withing bigger swings. You'd need to define mathematically
what is the minimum number of candles in each of these swings. For example, you could say major downswing has ended if price has formed a low that has 10 higher lows on each side of it. But there are at least two
problems with this:
Thank you for your time. I think it doesn`t have to be so complex at all.
1)Simply if current down fractal low is higher than the previous down fractal low it will be a HL.
2)If current up fractal high is lower than the previous up fractal it will be a LH.
3)If current down fractal low is lower than the previous down fractal low it will be a LL
4)And if the current up fractal high is higer than the previous up fractal high it will be a HH.
It is strange that such a simple and I think usefull indi hasn`t been made yet. Maybe I do not understand something here
https://www.forexfactory.com/showthread.php?t=279551 4/8
8/12/2017 HH HL LH LL indicator @ Forex Factory
Attached File
sangmaneHL.ex4 4 KB | 6,648 downloads
Quoting sangmane
hey saint, take a look the attached indicator.
Quoting Saintsurfer
Thank you for your time. I think it doesn`t have to be so complex at all.
1)Simply if current down fractal low is higher than the previous down fractal low it will be a HL.
2)If current up fractal high is lower than the previous up fractal it will be a LH.
3)If current down fractal low is lower than the previous down fractal low it will be a LL
4)And if the current up fractal high is higer than the previous up fractal high it will be a HH.
https://www.forexfactory.com/showthread.php?t=279551 5/8
8/12/2017 HH HL LH LL indicator @ Forex Factory
It is strange that such a simple and I think usefull indi hasn`t been made yet. Maybe I do...
Feb 12, 2011 12:01pm Feb 12, 2011 12:01pm Quote Post #14
Saintsurfer
Quoting hanover
Sorry, I guess I misunderstood what you were asking for. My mistake.
May 12, 2011 6:54pm May 12, 2011 6:54pm Quote Post #15
aura | Commercial Member
Quoting sangmane
hey saint, take a look the attached indicator.
thanks sangmane...
May 27, 2011 7:25am May 27, 2011 7:25am Quote Post #16
Shabs19
Quoting sangmane
hey saint, take a look the attached indicator.
I love this indicator, I wonder if the alert could be modified so that if a lower high (LH) is formed after a previous Higher High (HH) and when a Higher Low (HL) is formed after a previous Lower Low (LL) we are alerted
?
The graphical object of the HL & LH can be Bold Red, the rest can be Blue, that would also be nice addition.
Thanks again.
https://www.forexfactory.com/showthread.php?t=279551 6/8
8/12/2017 HH HL LH LL indicator @ Forex Factory
GraphXSpace = 5;
dist = 0.5 * ATR( 20 );
if ( LH[i] )
PlotText( "LH", i, H[ i ] + dist[i], colorYellow );
if ( HL[i] )
PlotText( "HL", i, L[ i ] - dist[i], colorPink );
if ( LL[i] )
PlotText( "LL", i, L[ i ] - dist[i], colorPink );
Quoting supremeChaos
Hello Saintsurfer, there might be fractal indicators that can be modified to do this. or there already is one available out there. alternatively, u can see HH HL LH LL by eye.
Thanks.
Quoting kumaramy
{quote} hi. I want to learn HH HL LH LL system. Please tell me is it profitable? What is winning ratio? What is entry, sl, tp? Thanks.
Hello Kumar,
It is not a system. My reply simply refers to finding HH HL LH LL by eye as opposed to using an indicator.
Quoting supremeChaos
{quote} Hello Kumar, It is not a system. My reply simply refers to finding HH HL LH LL by eye as opposed to using an indicator.
How do you trade then ? can you give example? Also tell me how do you get rid of sideways market.
https://www.forexfactory.com/showthread.php?t=279551 7/8
8/12/2017 HH HL LH LL indicator @ Forex Factory
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