The term 'equal highs and lows' is self-explanatory. It refers to a clearly defined support or resistance boundary that traders anticipate will be respected. However, it often happens that this expectation is disrupted, and the level is eventually breached. In this example below you will see the SMC Indicator plot out EQH followed up by a stop hunt which is a sign of liquidity grab. The EQH served as a liquidity grab.
To enable the equal high and low feature simply head over to the indicator settings.
When you are inside the SMC settings - locate the Equal high and low liquidity section, make sure to check the box.
Mitigation means that price already took out the liquidity. When you have "Remove Mitigated" enabled you won't see any eqh/eql that are already been induced. When you disable the feature it will show historical eqh/eql liquidity levels.
This feature serves as a filter which looks how equal the highs ahd lows are. Lower the threshold and the equal highs and lows will be more strict.