OPEN-SOURCE SCRIPT
Market Structure: HH/HL/LH/LL (v6, simple)
What it does
Labels swing High/Low and classifies structure as HH / HL / LH / LL after confirmation.
Uses confirmed fractals (pivothigh/pivotlow) → no repaint after confirmation (there is a right-bar confirmation delay).
Optional swing connectors (lines), optional plain H/L when structure label is not applicable.
Plots last confirmed High/Low levels as reference.
Alerts when a new HH/HL/LH/LL is formed.
How it works
Swings are detected with ta.pivothigh() / ta.pivotlow() using user-defined left and right.
A pivot is confirmed only after right bars on the right—this is the only delay. Once confirmed, the label does not repaint.
Inputs
Left bars & Right bars – fractal sensitivity.
Connect swings with lines – draw lines between consecutive swings.
Show bullish (HH/HL) / Show bearish (LH/LL) – filter what to display.
Show plain H/L – draw H/L when classification is not HH/HL/LH/LL yet.
Recommended settings
1H–4H: left=2, right=2 (responsive).
1D+: left=3, right=3 (cleaner swing map).
Alerts provided
HH formed – new Higher High confirmed.
HL formed – new Higher Low confirmed.
LH formed – new Lower High confirmed.
LL formed – new Lower Low confirmed.
Use them to automate structure tracking or feed your strategy rules.
Tips
Trend up: a sequence of HH + HL; Trend down: LH + LL.
Combine with VWAP/EMA, liquidity zones, or volume/CVD to avoid chasing late signals.
The script is intentionally simple and lightweight; BOS/CHoCH can be added in a future update.
Limitations / Notes
Because the tool relies on confirmed pivots, signals are delayed by right bars.
This is not financial advice and not a buy/sell system on its own.
Changelog
v1.0 – Initial public release (Pine v6). Structure labels, swing connectors, last levels, and alert set.
Keywords
market structure, hh hl lh ll, swing, fractal, pivothigh, pivotlow, trend, structure labels, price action
Labels swing High/Low and classifies structure as HH / HL / LH / LL after confirmation.
Uses confirmed fractals (pivothigh/pivotlow) → no repaint after confirmation (there is a right-bar confirmation delay).
Optional swing connectors (lines), optional plain H/L when structure label is not applicable.
Plots last confirmed High/Low levels as reference.
Alerts when a new HH/HL/LH/LL is formed.
How it works
Swings are detected with ta.pivothigh() / ta.pivotlow() using user-defined left and right.
A pivot is confirmed only after right bars on the right—this is the only delay. Once confirmed, the label does not repaint.
Inputs
Left bars & Right bars – fractal sensitivity.
Connect swings with lines – draw lines between consecutive swings.
Show bullish (HH/HL) / Show bearish (LH/LL) – filter what to display.
Show plain H/L – draw H/L when classification is not HH/HL/LH/LL yet.
Recommended settings
1H–4H: left=2, right=2 (responsive).
1D+: left=3, right=3 (cleaner swing map).
Alerts provided
HH formed – new Higher High confirmed.
HL formed – new Higher Low confirmed.
LH formed – new Lower High confirmed.
LL formed – new Lower Low confirmed.
Use them to automate structure tracking or feed your strategy rules.
Tips
Trend up: a sequence of HH + HL; Trend down: LH + LL.
Combine with VWAP/EMA, liquidity zones, or volume/CVD to avoid chasing late signals.
The script is intentionally simple and lightweight; BOS/CHoCH can be added in a future update.
Limitations / Notes
Because the tool relies on confirmed pivots, signals are delayed by right bars.
This is not financial advice and not a buy/sell system on its own.
Changelog
v1.0 – Initial public release (Pine v6). Structure labels, swing connectors, last levels, and alert set.
Keywords
market structure, hh hl lh ll, swing, fractal, pivothigh, pivotlow, trend, structure labels, price action
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。