HH HL LL LH Trading Guide

The HH HL LL LH (ZigZag) is a quantitative technical analysis tool. HH HL LL LH Indicator Higher High, Higher Low, Lower Low, Lower High labels based on ZigZag.

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• ZigZag Length (zigzagLen): Controls the calculation period and sensitivity for market detection.
• Show Zigzag Lines (showZigzag): Controls the calculation period and sensitivity for market detection.
• Show Labels (showLabels): Controls the calculation period and sensitivity for market detection.
• Label Offset (labelOffset): Controls the calculation period and sensitivity for market detection.
• Show Event Backgrounds (showEvents): Controls the calculation period and sensitivity for market detection.
• HH (hh): Controls the calculation period and sensitivity for market detection.
• HL (hl): Controls the calculation period and sensitivity for market detection.
• LL (ll): Controls the calculation period and sensitivity for market detection.
• LH (lh): Controls the calculation period and sensitivity for market detection.
• Event HH (event_hh): Controls the calculation period and sensitivity for market detection.
• Event HL (event_hl): Controls the calculation period and sensitivity for market detection.
• Event LL (event_ll): Controls the calculation period and sensitivity for market detection.
• Event LH (event_lh): Controls the calculation period and sensitivity for market detection.
• Last was HH Event (last_was_hh): Controls the calculation period and sensitivity for market detection.
• Last was LH Event (last_was_lh): Controls the calculation period and sensitivity for market detection.
• Last was HL Event (last_was_hl): Controls the calculation period and sensitivity for market detection.
• Last was LL Event (last_was_ll): Controls the calculation period and sensitivity for market detection.
• Last Overall was HH (last_overall_was_hh): Controls the calculation period and sensitivity for market detection.
• Last Overall was HL (last_overall_was_hl): Controls the calculation period and sensitivity for market detection.
• Last Overall was LL (last_overall_was_ll): Controls the calculation period and sensitivity for market detection.
• Last Overall was LH (last_overall_was_lh): Controls the calculation period and sensitivity for market detection.
• Higher High (hh): Controls the calculation period and sensitivity for market detection.
• Higher Low (hl): Controls the calculation period and sensitivity for market detection.
• Lower Low (ll): Controls the calculation period and sensitivity for market detection.
• Lower High (lh): Controls the calculation period and sensitivity for market detection.
• Event HH (event_hh): Controls the calculation period and sensitivity for market detection.
• Event HL (event_hl): Controls the calculation period and sensitivity for market detection.
• Event LL (event_ll): Controls the calculation period and sensitivity for market detection.
• Event LH (event_lh): Controls the calculation period and sensitivity for market detection.
• Last was HH Event (last_was_hh): Controls the calculation period and sensitivity for market detection.
• Last was LH Event (last_was_lh): Controls the calculation period and sensitivity for market detection.
• Last was HL Event (last_was_hl): Controls the calculation period and sensitivity for market detection.
• Last was LL Event (last_was_ll): Controls the calculation period and sensitivity for market detection.
• Last Overall was HH (last_overall_was_hh): Controls the calculation period and sensitivity for market detection.
• Last Overall was HL (last_overall_was_hl): Controls the calculation period and sensitivity for market detection.
• Last Overall was LL (last_overall_was_ll): Controls the calculation period and sensitivity for market detection.
• Last Overall was LH (last_overall_was_lh): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• hh - Higher High event signal.
• hl - Higher Low event signal.
• ll - Lower Low event signal.
• lh - Lower High event signal.
• event_hh - Event HH event signal.
• event_hl - Event HL event signal.
• event_ll - Event LL event signal.
• event_lh - Event LH event signal.
• last_was_hh - Last was HH Event event signal.
• last_was_lh - Last was LH Event event signal.
• last_was_hl - Last was HL Event event signal.
• last_was_ll - Last was LL Event event signal.
• last_overall_was_hh - Last Overall was HH event signal.
• last_overall_was_hl - Last Overall was HL event signal.
• last_overall_was_ll - Last Overall was LL event signal.
• last_overall_was_lh - Last Overall was LH event signal.

2. Filters and Trade Levels

• zigzagLen - ZigZag Length value used for structural qualification or thresholds.
• showZigzag - Show Zigzag Lines value used for structural qualification or thresholds.
• showLabels - Show Labels value used for structural qualification or thresholds.
• labelOffset - Label Offset value used for structural qualification or thresholds.
• showEvents - Show Event Backgrounds value used for structural qualification or thresholds.
• hh - HH value used for structural qualification or thresholds.
• hl - HL value used for structural qualification or thresholds.
• ll - LL value used for structural qualification or thresholds.
• lh - LH value used for structural qualification or thresholds.
• event_hh - Event HH value used for structural qualification or thresholds.
• event_hl - Event HL value used for structural qualification or thresholds.
• event_ll - Event LL value used for structural qualification or thresholds.
• event_lh - Event LH value used for structural qualification or thresholds.
• last_was_hh - Last was HH Event value used for structural qualification or thresholds.
• last_was_lh - Last was LH Event value used for structural qualification or thresholds.
• last_was_hl - Last was HL Event value used for structural qualification or thresholds.
• last_was_ll - Last was LL Event value used for structural qualification or thresholds.
• last_overall_was_hh - Last Overall was HH value used for structural qualification or thresholds.
• last_overall_was_hl - Last Overall was HL value used for structural qualification or thresholds.
• last_overall_was_ll - Last Overall was LL value used for structural qualification or thresholds.
• last_overall_was_lh - Last Overall was LH value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.