indicator · on price · open source

Equal Highs (EQH)

Deepwick · @deepwickv1Updated 2 Oct 2026▲ 0 users

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About

Equal Highs (EQH) — two consecutive confirmed swing highs within a percentage tolerance. A classic liquidity pool that price loves to sweep before reversing.

A line connects the two highs; the line extends forward.
tolerancePct controls how 'equal' the two highs must be (default 0.5%).
Triangles mark the EQH confluence.

Source code

//@version=5
indicator("Equal Highs (EQH)", overlay=true)
swing = input.int(5, "Swing Length", minval=2, maxval=50)
tolerancePct = input.float(0.5, "Tolerance %", minval=0, maxval=2, step=0.1)
ph = ta.pivothigh(high, swing, swing)
var float lastPh = na
var float prevPh = na
if not na(ph)
    prevPh := lastPh
    lastPh := ph
tol = tolerancePct / 100
eqh = not na(lastPh) and not na(prevPh) and math.abs(lastPh - prevPh) <= math.max(lastPh, prevPh) * tol
var float eqhLevel = na
if eqh
    eqhLevel := math.max(lastPh, prevPh)
p_EQH_Level = plot(eqhLevel, "EQH Level", color=color.orange, style=plot.style_stepline, linewidth=2)
plotshape(eqh and not eqh[1], "EQH", style=shape.diamond, location=location.abovebar, color=color.orange, text="EQH")
alertcondition(eqh and not eqh[1], "Equal highs", "Two swing highs within tolerance")

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