OPEN-SOURCE SCRIPT
Edo Equal Highs/Lows
Edo Equal Highs/Lows — Detects Equal Highs and Equal Lows as Resting Liquidity and Flags When Price Takes It
When two swing highs form at the same level, or two swing lows, they create one of the clearest forms of resting liquidity in price action. Traders place their stops just beyond a double top or double bottom, and breakout orders cluster there too — so that matched level becomes a pool of liquidity that price is frequently drawn to take. In the Smart Money Concepts approach these are equal highs (EQH), holding buy-side liquidity above price, and equal lows (EQL), holding sell-side liquidity below it.
Edo Equal Highs/Lows maps these levels automatically and tracks what happens to them. It marks each EQH and EQL when two swings match within an ATR-based tolerance, extends the level as resting liquidity, and flags the exact moment price closes through it and takes that liquidity — all validated on closed bars so the indicator does not repaint. It is the equal-levels specialist of the Edolab structure family, designed to work alongside liquidity sweep and liquidity zone analysis.
EQUAL HIGHS AND EQUAL LOWS
The indicator compares each new swing pivot with the previous one of the same type. When two consecutive swing highs sit at the same price within the tolerance, it draws an Equal Highs (EQH) level — buy-side liquidity resting above. When two swing lows match, it draws an Equal Lows (EQL) level — sell-side liquidity resting below. The level is drawn from the earlier matching pivot and labelled EQH or EQL, extending to the right as a live reference.
THE ATR TOLERANCE
What counts as "equal" is not a single tick but a configurable band. The Equal Tolerance input is expressed as a fraction of ATR (0.10 by default): two swings are treated as equal when their difference is within that fraction of the average true range. A lower value is stricter — only near-perfect matches qualify; a higher value is looser, catching approximate double tops and bottoms. Tying the tolerance to ATR keeps it adaptive across instruments and timeframes, so the same setting behaves consistently whether the chart is a low-volatility index or a fast-moving crypto.
SWING PROFILES
The swings compared for equality come from pivots whose sensitivity is set by the Swing Profile: Scalper (5 bars each side) for short-term levels on low timeframes, Swing (10 bars, the default) for the balanced 4H and daily read, and Long Term (21 bars) for the major levels on weekly and higher horizons.
ACTIVE AND TAKEN
Each equal level lives in one of two states, evaluated on every closed bar. Active: the level is intact, holding its resting liquidity, drawn as a solid coloured line extending to the right — red for EQH, teal for EQL by default. Taken: price has closed through the level and swept the liquidity — the line turns dashed and faded grey and the label gains a ✕. An EQH is taken when price closes above it; an EQL, when price closes below it. Only Active levels count in the panel, since a taken level has already done its job. To keep the chart clean, only the most recent levels per side are kept, up to Max EQ Levels per side (10 by default).
INFORMATION PANEL
The panel condenses the read into a compact table: the number of active EQH and active EQL levels, and the nearest unswept level on each side — the closest Equal Highs above the current price and the closest Equal Lows below it, with their exact prices. Those nearest levels are the most immediate liquidity targets above and below, the quickest way to see where price may be drawn next. The panel sits in any of the four chart corners (Top Right by default), comes in three sizes (Tiny / Small / Normal) and two themes (Dark / Light), and can be hidden entirely.
NO REPAINTING
Equal levels are built on confirmed pivots and their taken state is validated on closed bars, so a level never appears or disappears intrabar. A wick that pierces an equal level but closes back on the same side does not mark it as taken — the indicator waits for the close. There are no higher-timeframe functions: all logic runs on the current chart timeframe.
CONFIGURATION
The inputs are grouped by block. Detection sets the swing profile, the equal tolerance in ATR and the maximum number of levels kept per side. Style exposes the equal highs and equal lows colours, the taken colour, the label size and the Dark/Light theme. Panel controls panel visibility, position and size. The defaults are calibrated to work without adjustment on stocks, crypto, forex, indices and futures, on any timeframe — the inputs most users touch are the Swing Profile and the Equal Tolerance, to set how strict the matching should be.
ALERTS
Four predefined alerts cover the life of an equal level: Equal Highs formed and Equal Lows formed fire when a new EQH or EQL level is drawn; Equal Highs taken and Equal Lows taken fire when price closes through a level and sweeps its liquidity. The formed alerts flag fresh liquidity targets, and the taken alerts fire exactly when that liquidity is swept — often the trigger for a reaction. All alerts fire on bar close, consistent with the indicator's anti-repaint validation.
HOW TO READ IT
Equal highs and lows are liquidity targets, not entries: price is often drawn toward an EQH above or an EQL below to take the stops resting there, so the nearest levels in the panel point to where the move may head next. Watch the take: when price closes through an equal level and it turns Taken, the liquidity has been swept — that sweep frequently precedes a reaction, and classifying it as confirmed or faded turns the event into a fuller read. Trade levels in confluence: an EQL that sits on a demand zone or a higher-timeframe support is a stronger reference than an isolated one. And set inside broader liquidity zones, the equal levels mark precise liquidity pools, completing the liquidity map.
OPEN SOURCE
Edo Equal Highs/Lows is published as a free open source indicator. The full Pine Script is publicly accessible on TradingView for study, adaptation and integration into any workflow. Part of the Edolab Markets free tools ecosystem, with more structure, liquidity and order-flow indicators available on TradingView.
This indicator is a technical analysis tool for educational and informational purposes only. It does not generate automatic buy or sell signals and should not be considered financial advice. Trading financial markets involves significant risk of capital loss. Past performance does not guarantee future results. Always use proper risk management.
When two swing highs form at the same level, or two swing lows, they create one of the clearest forms of resting liquidity in price action. Traders place their stops just beyond a double top or double bottom, and breakout orders cluster there too — so that matched level becomes a pool of liquidity that price is frequently drawn to take. In the Smart Money Concepts approach these are equal highs (EQH), holding buy-side liquidity above price, and equal lows (EQL), holding sell-side liquidity below it.
Edo Equal Highs/Lows maps these levels automatically and tracks what happens to them. It marks each EQH and EQL when two swings match within an ATR-based tolerance, extends the level as resting liquidity, and flags the exact moment price closes through it and takes that liquidity — all validated on closed bars so the indicator does not repaint. It is the equal-levels specialist of the Edolab structure family, designed to work alongside liquidity sweep and liquidity zone analysis.
EQUAL HIGHS AND EQUAL LOWS
The indicator compares each new swing pivot with the previous one of the same type. When two consecutive swing highs sit at the same price within the tolerance, it draws an Equal Highs (EQH) level — buy-side liquidity resting above. When two swing lows match, it draws an Equal Lows (EQL) level — sell-side liquidity resting below. The level is drawn from the earlier matching pivot and labelled EQH or EQL, extending to the right as a live reference.
THE ATR TOLERANCE
What counts as "equal" is not a single tick but a configurable band. The Equal Tolerance input is expressed as a fraction of ATR (0.10 by default): two swings are treated as equal when their difference is within that fraction of the average true range. A lower value is stricter — only near-perfect matches qualify; a higher value is looser, catching approximate double tops and bottoms. Tying the tolerance to ATR keeps it adaptive across instruments and timeframes, so the same setting behaves consistently whether the chart is a low-volatility index or a fast-moving crypto.
SWING PROFILES
The swings compared for equality come from pivots whose sensitivity is set by the Swing Profile: Scalper (5 bars each side) for short-term levels on low timeframes, Swing (10 bars, the default) for the balanced 4H and daily read, and Long Term (21 bars) for the major levels on weekly and higher horizons.
ACTIVE AND TAKEN
Each equal level lives in one of two states, evaluated on every closed bar. Active: the level is intact, holding its resting liquidity, drawn as a solid coloured line extending to the right — red for EQH, teal for EQL by default. Taken: price has closed through the level and swept the liquidity — the line turns dashed and faded grey and the label gains a ✕. An EQH is taken when price closes above it; an EQL, when price closes below it. Only Active levels count in the panel, since a taken level has already done its job. To keep the chart clean, only the most recent levels per side are kept, up to Max EQ Levels per side (10 by default).
INFORMATION PANEL
The panel condenses the read into a compact table: the number of active EQH and active EQL levels, and the nearest unswept level on each side — the closest Equal Highs above the current price and the closest Equal Lows below it, with their exact prices. Those nearest levels are the most immediate liquidity targets above and below, the quickest way to see where price may be drawn next. The panel sits in any of the four chart corners (Top Right by default), comes in three sizes (Tiny / Small / Normal) and two themes (Dark / Light), and can be hidden entirely.
NO REPAINTING
Equal levels are built on confirmed pivots and their taken state is validated on closed bars, so a level never appears or disappears intrabar. A wick that pierces an equal level but closes back on the same side does not mark it as taken — the indicator waits for the close. There are no higher-timeframe functions: all logic runs on the current chart timeframe.
CONFIGURATION
The inputs are grouped by block. Detection sets the swing profile, the equal tolerance in ATR and the maximum number of levels kept per side. Style exposes the equal highs and equal lows colours, the taken colour, the label size and the Dark/Light theme. Panel controls panel visibility, position and size. The defaults are calibrated to work without adjustment on stocks, crypto, forex, indices and futures, on any timeframe — the inputs most users touch are the Swing Profile and the Equal Tolerance, to set how strict the matching should be.
ALERTS
Four predefined alerts cover the life of an equal level: Equal Highs formed and Equal Lows formed fire when a new EQH or EQL level is drawn; Equal Highs taken and Equal Lows taken fire when price closes through a level and sweeps its liquidity. The formed alerts flag fresh liquidity targets, and the taken alerts fire exactly when that liquidity is swept — often the trigger for a reaction. All alerts fire on bar close, consistent with the indicator's anti-repaint validation.
HOW TO READ IT
Equal highs and lows are liquidity targets, not entries: price is often drawn toward an EQH above or an EQL below to take the stops resting there, so the nearest levels in the panel point to where the move may head next. Watch the take: when price closes through an equal level and it turns Taken, the liquidity has been swept — that sweep frequently precedes a reaction, and classifying it as confirmed or faded turns the event into a fuller read. Trade levels in confluence: an EQL that sits on a demand zone or a higher-timeframe support is a stronger reference than an isolated one. And set inside broader liquidity zones, the equal levels mark precise liquidity pools, completing the liquidity map.
OPEN SOURCE
Edo Equal Highs/Lows is published as a free open source indicator. The full Pine Script is publicly accessible on TradingView for study, adaptation and integration into any workflow. Part of the Edolab Markets free tools ecosystem, with more structure, liquidity and order-flow indicators available on TradingView.
This indicator is a technical analysis tool for educational and informational purposes only. It does not generate automatic buy or sell signals and should not be considered financial advice. Trading financial markets involves significant risk of capital loss. Past performance does not guarantee future results. Always use proper risk management.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
EdoLab Markets – Precision Trading Tools
Get Exclusive Indicators:
edolab.io
All content provided is for informational and educational purposes only. Past performance does not guarantee future results.
Get Exclusive Indicators:
edolab.io
All content provided is for informational and educational purposes only. Past performance does not guarantee future results.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
EdoLab Markets – Precision Trading Tools
Get Exclusive Indicators:
edolab.io
All content provided is for informational and educational purposes only. Past performance does not guarantee future results.
Get Exclusive Indicators:
edolab.io
All content provided is for informational and educational purposes only. Past performance does not guarantee future results.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.