The Matching Close / Equal High Low Finder indicator identifies candles within a specified lookback period that have matching close prices while satisfying specific conditions:
Matching Candle Types:
Only matches bullish candles (close > open) with other bullish candles.
Only matches bearish candles (close < open) with other bearish candles.
Intermediate Candle Condition:
Bullish matches: No intermediate candle between the two matching candles can have a higher close price than the first candle.
Bearish matches: No intermediate candle between the two matching candles can have a lower close price than the first candle.
Gap Between Matches: Ensures at least one intermediate candle exists with a close price different from the matched candles.
Customizable Features:
Adjustable lookback period.
Configurable line style, width, and colors for bullish and bearish matches.
This indicator visually connects the matching candles with lines, offering a clear visual cue for price behavior.