PZ HHHc LLLc

PZ HHHc LLLc

A personal implementation of a famous trend principle known as higher high, higher close, lower low, lower close (HHHC - HHHL). It uses price action alone to determine trend direction, trend changes and pullback zones. 

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• Customizable breakout period
• Customizable colors and sizes
• It is non-repainting and non-backpainting
• It implements alerts of all kinds

The indicator defines three price zones:

• Buy zones are blue
• Sell zones are red
• Pullback zones are pink
• Trending zones are green

This indicator helps to confirm...

• Market structure and levels, using historical lines
• Trends, pullbacks and reversals, using zones
• Possible reversals or continuations, lines go flat

Settings

• Period - Breakout period in bars to determine a trend change.
• Multiplier - The ATR multiplier which defines the trend.
• Colors - Colors of the different price zones: buy, sell, pullbacks and trend zones.
• Alerts - Enable or disable alerts of all kinds.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.