Equal Highs and Lows

The Equal Highs and Lows indicator is designed to help traders identify key price levels where the market has formed equal highs (EQH) or equal lows (EQL). These levels often serve as areas of interest in technical analysis, highlighting potential liquidity zones, support/resistance clusters, or breakout points.

Unlike traditional horizontal support and resistance tools, this indicator automatically detects equal highs and lows based on pivot structure. It identifies these areas after a certain number of candles have passed, ensuring that a proper swing structure is confirmed before marking the level.

Once an EQH or EQL is identified, it is displayed as a horizontal line on the chart with an optional label. The indicator continuously tracks these levels as new structures form. 

Key Features

• Automatic Equal High & Low Detection – Finds and marks price levels where swings have formed equal highs or equal lows.
  
• Swing-Based Confirmation – Levels appear only after the number of candles in the lookback period is studied, ensuring structured price action analysis.
  
• Customizable Visualization – Control line colors, widths, and label placements to match your trading preferences.
  
• Extensible Levels – Option to extend lines forward for continued market reference.
  
• Works on Any Market & Timeframe – Can be applied to stocks, futures, forex, or crypto on any timeframe.
• Hidden Plots - to be used in your Automated Strategies 

Easily track equal highs and lows with clear, customizable levels directly on your NinjaTrader 8 charts. Whether you trade liquidity zones, support & resistance, or breakout strategies, this tool provides key insights into market behavior.

Disclaimer

Pivot-Based Confirmation for Stronger & More Reliable Signals:

Unlike other indicators that scan all candle highs/lows indiscriminately—sometimes marking levels that are not at true peaks or troughs—Our Indicator waits for a confirmed pivot structure before visually marking equal highs/lows. This ensures that detected levels are more meaningful, reducing false signals caused by minor fluctuations.

While the visual lines and labels appear after confirmation, the hidden signal plots update in real-time, allowing traders to immediately access equal high/low signals for automation or strategy development as soon as they are detected.