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PZ HHHc LLLc MT5

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.

  • 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

When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. This is what each block of parameters does.

  • 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.

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