Smart Scanners › Market structure

Equal highs and lows

Two consecutive confirmed swings of the same type whose extremes sit within a stated tolerance of one another. One parameter, and it is named on every event.

What it looks like on a chart

A horizontal line at the shared level, drawn forward from the bar that confirmed the second swing.

Settings, as they are actually applied on each timeframe. A dash means this scanner emits no settings string. Where a number differs by timeframe, that is a span of chart time resolved into bars.
Timeframe	Bars of history it reads	Settings	Events, last 30 days
M15	240	swing half-width n=5, tolerance 0.1 ATR — the one parameter, stated	247
M30	240	swing half-width n=5, tolerance 0.1 ATR — the one parameter, stated	134
H1	240	swing half-width n=5, tolerance 0.1 ATR — the one parameter, stated	63
H4	240	swing half-width n=5, tolerance 0.1 ATR — the one parameter, stated	15
D1	240	—	0

Related scanners

Structure break what a close beyond one of these swing levels is called
Spring / Upthrust a range boundary penetrated and given back within a few bars

Show Equal highs/lows on a chart