Sunit's Higher Low / Lower Low Trend Shift v6

This indicator identifies Higher Lows (HL) and Lower Lows (LL) to help traders visually read market structure and trend direction following classic Dow Theory principles.

It detects pivot lows on the chart and compares new lows to previous pivot lows:

HL (Higher Low) = structure strengthening, buyers stepping in higher

LL (Lower Low) = structure weakening, sellers pushing price lower

Based on these signals, the indicator also determines trend bias:

Uptrend when new lows form as HLs

Downtrend when new lows form as LLs

A light background color can optionally highlight the active trend direction.

🔍 What the Indicator Shows

HL markers (green) at pivot lows forming above the previous low

LL markers (red) at pivot lows forming below the previous low

Trend background shading

Green tint = Uptrend bias

Red tint = Downtrend bias

Pivot detection uses adjustable swing sensitivity for custom responsiveness

This gives a clean, real-time visual read of market structure shifts.

🎯 Why It’s Useful

HLs and LLs form the foundation of trend analysis.
They help traders:

✔ Identify trend reversals early
✔ Confirm existing trends
✔ Improve breakout timing
✔ Filter trades by trend direction
✔ Understand market structure without indicators lag

Because it reacts to price swings rather than moving averages, it’s both faster and cleaner for structure analysis.

🧠 How Traders Use It

Swing traders: confirm trend alignment

Breakout traders: enter only when HL structure supports the move

ORB / Intraday traders: avoid trading against LL sequence

Position traders: use swing lows as structure-based stops

Trend followers: stay on the right side of the market

Works well on:

Stocks

Indices

Crypto

Forex

Futures

Best timeframes: 1h, 4h, daily, but usable on any chart.

⚠️ Disclaimer

This tool highlights price structure patterns, not buy/sell signals.
Use together with confirmation tools, trend filters, and risk management.
No financial advice.