OPEN-SOURCE SCRIPT
HH/HL/LH/LL
The script works by detecting swing highs and swing lows with a simple pivot function (ta.pivothigh / ta.pivotlow) using a fixed 2-bar lookback and confirmation window. Each new pivot is compared against the previous confirmed pivot of the same type:
If a swing high is greater than the last swing high → it is labelled HH.
If a swing high is lower than the last swing high → it is labelled LH.
If a swing low is greater than the last swing low → it is labelled HL.
If a swing low is lower than the last swing low → it is labelled LL.
To keep the chart clean and readable, the indicator:
Plots only the two-letter labels (HH, HL, LH, LL) with no background box.
Uses red text for highs and green text for lows.
Places labels directly at the pivot bar (with the necessary confirmation offset).
Keeps labels small (size.tiny) to avoid clutter.
If a swing high is greater than the last swing high → it is labelled HH.
If a swing high is lower than the last swing high → it is labelled LH.
If a swing low is greater than the last swing low → it is labelled HL.
If a swing low is lower than the last swing low → it is labelled LL.
To keep the chart clean and readable, the indicator:
Plots only the two-letter labels (HH, HL, LH, LL) with no background box.
Uses red text for highs and green text for lows.
Places labels directly at the pivot bar (with the necessary confirmation offset).
Keeps labels small (size.tiny) to avoid clutter.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。