HHHC LLLC 1.1

free

HHHC LLLC 1.1

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-

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.