Equal highs and equal lowsEQH / EQLIntermediate
Two or more highs (or lows) at nearly the same price, seen as an obvious pool of stops.
What it means
Retail traders often call equal highs a double top and place stops just above. That makes them a magnet for price.
WickCheck treats highs within a small fraction of ATR of each other as equal.
How to spot it
- Two swing highs or lows that line up almost exactly.
- The cleaner the line, the more obvious the pool.
Common mistakes
- Calling highs far apart in price 'equal'.
How WickCheck tests it
Wait for a sweep of equal highs or equal lows, then wait for a fair value gap. Enter on the FVG. Stop above the sweep. Target liquidity, at least 2R.
Open these rules in WickCheck, change any word and run them in seconds. No code.
Full results on 5 markets: Equal highs and equal lows backtest.
What it looks like on a real chart
Picked automatically from the backtest on real data: the latest winner and the latest loser. The numbered circles are the steps of the rules, in order. Losers are part of every strategy.
Related terms
What a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.