Help with study to show HH HL LL LH on the chart with Heiken Aishi candles

[bmn]

Using Heiken Aishi candles on the chart, I'm trying to just draw a small line at the highs and lows, with a chart bubble showing what it is. something like this image that I've manually the lines and written the HH or LH or LL or HL labels. The level will have to wait until the next HA candle is a different level than prior, and then the line and text will appear after the candle is closed. If this is a bit complicated, please let me know and we can ignore this.

chart preview:

https://imgur.com/DFdBr7h

Thanks.

 

[SleepyZ]

Using Heiken Aishi candles on the chart, I'm trying to just draw a small line at the highs and lows, with a chart bubble showing what it is. something like this image that I've manually the lines and written the HH or LH or LL or HL labels. The level will have to wait until the next HA candle is a different level than prior, and then the line and text will appear after the candle is closed. If this is a bit complicated, please let me know and we can ignore this.

chart preview:

https://imgur.com/DFdBr7h

Thanks.

Here is one way you could do this:

def HAclose  = ohlc4;
def HAopen   = CompoundValue( 1, ( HAopen[1] + HAclose[1] ) / 2, HAclose );
def HAhigh   = Max( high, Max( HAopen, HAclose ) );
def HAlow    = Min( low, Min( HAopen, HAclose ) );

def H   = if Barnumber() == 1
          then HAhigh
          else if HAhigh > H[1]
          then HAhigh
          else if HAhigh < H[1]
          then HAhigh
          else H[1];
plot HH = if H[1] < H and H > H[-1]
          then H
          else Double.NaN;
HH.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
def H0   = if !IsNaN(HH) != !IsNaN(HH[1])
           then HAhigh
           else h0[1];
def H1   = if h0[1] != h0
           then h0[1]
           else h1[1];
AddChartBubble(
isnan(HH[1]) and HH,
HAhigh,
if HH > h1[1] then "HH" else "LH",
if HH > h1[1] then Color.LIGHT_GREEN else Color.LIGHT_RED);

def L   = if Barnumber() == 1
          then HAlow
          else if HAlow < L[1]
          then HAlow
          else if HAlow > L[1]
          then HAlow
          else L[1];
plot LL = if L[1] > L and L < L[-1]
          then L
          else Double.NaN;
LL.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
def L0  = if !IsNaN(LL) != !IsNaN(LL[1])
          then HAlow
          else L0[1];
def L1  = if L0[1] != L0
          then L0[1]
          else L1[1];
AddChartBubble(
isnan(LL[1]) and LL,
HAlow,
if LL > L1[1] then "HL" else "LL",
if LL > L1[1] then Color.LIGHT_GREEN else Color.LIGHT_RED, no);

 

[bmn]

Here is one way you could do this:

Wow, thank you so for this. Let me try this out rightaway. I do appreciate your help.

 

[bmn]

Hi @SleepyZ , thanks again, it looks great. After adding it, few things I realize I missed thinking it out. What I find is it creates a lot of noise with the small peaks and lows within the same trend - please see image attached, with some comments. The main issues are in the 2 white boxes, I've added notes. Would there be a way to say use highs and lows of the last 5 or 7 candles, that way we eliminate noise when the candles are still the same color in Heiken Ashi, this is from the /ES chart M1 timeframe in this evening

https://imgur.com/a/Tl4pIDx

 

[SleepyZ]

Hi @SleepyZ , thanks again, it looks great. After adding it, few things I realize I missed thinking it out. What I find is it creates a lot of noise with the small peaks and lows within the same trend - please see image attached, with some comments. The main issues are in the 2 white boxes, I've added notes. Would there be a way to say use highs and lows of the last 5 or 7 candles, that way we eliminate noise when the candles are still the same color in Heiken Ashi, this is from the /ES chart M1 timeframe in this evening

https://imgur.com/a/Tl4pIDx

I only did this to show you an example of one way of how it is done, especially the bubble code. There are various swing and zigzag studies that identify highs/lows (peaks/valleys) that just need the bubbles included in the code that you showed you wanted.

As you did not indicate any rules, I just chose to use the normal pivot definition (ex: high> high[1] and high < high[-1], which does not use equal values you indicated that were missed.

I suggest you find some code on the site that identifies highs/lows in a way that you like with minimal noise and ask someone to modify it if needed and add bubbles similar to what I made for you.

 

[bmn]

I only did this to show you an example of one way of how it is done, especially the bubble code. There are various swing and zigzag studies that identify highs/lows (peaks/valleys) that just need the bubbles included in the code that you showed you wanted.

As you did not indicate any rules, I just chose to use the normal pivot definition (ex: high> high[1] and high < high[-1], which does not use equal values you indicated that were missed.

I suggest you find some code on the site that identifies highs/lows in a way that you like with minimal noise and ask someone to modify it if needed and add bubbles similar to what I made for you.

Will do, I will try to do it per your guidelines. thank you

 

[aahuja]

Using Heiken Aishi candles on the chart, I'm trying to just draw a small line at the highs and lows, with a chart bubble showing what it is. something like this image that I've manually the lines and written the HH or LH or LL or HL labels. The level will have to wait until the next HA candle is a different level than prior, and then the line and text will appear after the candle is closed. If this is a bit complicated, please let me know and we can ignore this.

chart preview:

https://imgur.com/DFdBr7h

Thanks.

Can you help me understand the defintion of HH, HL , LL and LH used here
BTW - Thanks in advance

 

[SleepyZ]

Can you help me understand the defintion of HH, HL , LL and LH used here
BTW - Thanks in advance

These are comparisons of the current high/low to the previous high/low shown att the pivots used in the code.

HH = current High is Higher than the previous High
LH = current High is Lower than the previous High

HL = current Low is Higher than the previous Low
LL = current Low is Lower than the previous Low

These can be indicative of the trend direction.