en HHHC LLLC 1.1
Metatrader Indicator (MT4/MT5)
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ℹ Overview
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.
- Easy to trade
- 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-
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Input parameters
When loading the expert 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.
- 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.
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FAQ
- Does the indicator repaint?
- No, it does not.
- Does the indicator backpaint?
- No, it does not.
- Does the indicator lag?
- No, breakouts of one bar are the fastest way to determine trends.
Screenshots
