OPEN-SOURCE SCRIPT
מעודכן Equal Highs and Lows with Relative [CantoLab]
What it does
This indicator tracks swing highs and lows and flags when price returns to touch a prior swing within a configurable tick tolerance — a classic "equal highs / equal lows" liquidity concept, extended to also mark near-misses as "relative" levels.
When a new touch lands on the exact same price as the original swing, it's labelled EQH (Equal High) / EQL (Equal Low). When the touch is close but not identical (within your tolerance setting), it's labelled REH (Relative High) / REL (Relative Low) instead.
Merging
If price keeps retesting the same level across multiple swings in succession, the indicator merges those touches into a single continuous line rather than drawing overlapping duplicates — so one clean line represents the full history of a level being retested, extending forward each time it's touched again.
Sweep detection
Once price moves decisively through a level (beyond the tolerance band), that level is marked as swept:
visuals:
Settings
Notes
This indicator tracks swing highs and lows and flags when price returns to touch a prior swing within a configurable tick tolerance — a classic "equal highs / equal lows" liquidity concept, extended to also mark near-misses as "relative" levels.
When a new touch lands on the exact same price as the original swing, it's labelled EQH (Equal High) / EQL (Equal Low). When the touch is close but not identical (within your tolerance setting), it's labelled REH (Relative High) / REL (Relative Low) instead.
Merging
If price keeps retesting the same level across multiple swings in succession, the indicator merges those touches into a single continuous line rather than drawing overlapping duplicates — so one clean line represents the full history of a level being retested, extending forward each time it's touched again.
Sweep detection
Once price moves decisively through a level (beyond the tolerance band), that level is marked as swept:
visuals:
- A dashed/dotted line extends from the level out to the sweeping candle
- An "✖" mark is plotted above/below the candle that swept it
- The original EQH/EQL line itself is left untouched by default, so you can still see where the level was
Settings
- Tolerance (Ticks) — how close a touch needs to be to count as equal/relative
- Minimum Bars Before EQ Check — how many bars must pass after a swing forms before it's eligible to be matched
- Labels — size and font for the EQH/EQL/REH/REL text
- Color — single color control for all equal/relative lines and labels
- Line Width / Style — for the main EQH/EQL/REH/REL lines
- Sweep Line Width / Style — separate control for the sweep indicator line (default: dotted)
- Show Swept EQ/RE Lines — toggle whether swept levels (and their sweep markers) stay visible or get hidden once swept
Notes
- Designed as a visual liquidity-mapping tool, not a standalone signal generator
- Works on any symbol/timeframe; tolerance should be tuned to the instrument's typical tick size and volatility
- This indicator does not provide financial advice. You are responsible for how you interpret and act on the levels it plots.
הערות שחרור
Show Swept EQ/RE Lines false by default to make it look cleanerהערות שחרור
adjusted tolerance from 4ticks -> 16 ticks for identifying Relative Equal Highs and Lowsסקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.