Full Candle Higher/Lower (No Repeats)

🔎 What the Script Does (Pine Script v6)

Keeps track of the last signal

Uses a persistent variable lastSignal (initialized once as "none").

Ensures that if a signal repeats consecutively, it won’t be triggered again.

Defines the conditions for a “Higher” or “Lower” candle sequence

Higher condition:
Current close > previous high, AND previous low ≤ the high of two bars ago.
→ This means the candle has fully broken higher.

Lower condition:
Current close < previous low, AND previous high ≥ the low of two bars ago.
→ This means the candle has fully broken lower.

Checks for new signals only

If a candle meets the condition and the last signal wasn’t the same, a new signal is triggered.

Updates lastSignal to prevent repeats.

Plots labels/arrows

A “Higher” signal shows a green label below the bar.

A “Lower” signal shows a red label above the bar.

Sets alerts

So you can be notified in TradingView whenever a “Higher” or “Lower” flag is detected.

📊 Trading Logic in Words

The indicator is looking for full candle breakouts.

If a candle closes above the previous high (with some confirmation from older bars), it flags it as a “Higher” signal.

If a candle closes below the previous low (with similar confirmation), it flags it as a “Lower” signal.

It avoids duplicate consecutive signals by remembering what the last one was.

✅ Why It’s Useful

Helps traders spot momentum continuation candles (strong push candles).

Reduces noise by not repeating the same signal multiple times in a row.

Works like a breakout detector that tells you when the market is making a new leg up or new leg down.