Enhanced Market Structure

7 giorni fa

The Enhanced Market Structure (EMS) indicator is a powerful technical tool designed to visually detect and annotate shifts in market structure based on swing highs and lows. By identifying Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL), this indicator helps traders determine the prevailing trend direction and important structural levels on any timeframe.

Core Logic:
Uses pivot detection with configurable swing strength to identify significant highs and lows.

Tracks the three most recent swing highs and lows to establish trend conditions:

Uptrend: Higher High + Higher Low

Downtrend: Lower High + Lower Low

Neutral: No clear structure

Features:
✅ Structure Lines:
Draws horizontal lines at the latest structural highs and lows.

✅ Dynamic Labels:
Displays “HH”, “HL”, “LH”, or “LL” based on the current market trend. Labels update in real-time as structure changes (can be turned on/off via settings).

✅ Trend Table:
A live trend status panel in the top-right of the chart displays the current structure status:

🔼 Bullish

🔽 Bearish

◼️ Neutral

✅ Customizable Parameters:

Swing Strength: Number of candles to detect pivots.

Line Width: Thickness of structure lines.

Toggle Labels: Option to display or hide structural labels.

🛠 Best Use Cases:
Trend Confirmation: Quickly assess the directional bias of the market.

Entry/Exit Planning: Use structural breaks (e.g., LL or HH) as confirmation signals.

Swing Trading: Identify key levels for pullbacks and reversals.

🧩 How to Use:
Add the indicator to your chart on any timeframe.

Adjust the “Swing Strength” to suit your trading style (default = 5).

Observe the trend label and structure lines to guide trading decisions.

6 giorni fa

Note di rilascio

Enhanced Market Structure Pro (EMS-Pro) – Summary Overview
The EMS-Pro indicator introduces a refined and structured approach to identifying market structure based on pivot highs and lows. It offers a significant enhancement over traditional swing structure tools through intelligent trend confirmation logic and clear visual representation.

🔧 Key Enhancements:
Dual-Layer Pivot Tracking:

Separates recently detected pivots (lastHi, lastLo) from confirmed structural pivots (lastConfirmedHi, lastConfirmedLo).

This ensures the chart always reflects the most relevant high/low, even in a neutral or ranging market.

Advanced Trend Detection Logic:

Supports both initial structure detection (using 2 pivots) and confirmed trend structure (using 3 pivots).

Bullish Trend: Detected when HH and HL patterns form.

Bearish Trend: Detected when LH and LL patterns form.

Trend resets to neutral if neither condition is satisfied.

Dynamic Labeling & Coloring:

Automatically displays labels (HH, HL, LH, LL, or fallback to Last High/Low) based on trend direction.

Lines and labels are color-coded based on trend status:

🟢 Bullish → Green

🔴 Bearish → Red

⚪ Neutral → Gray

Persistent Structure Display (Even in Neutral Markets):

If no trend is confirmed, the most recent high/low points are still drawn.

This helps traders anticipate breakouts or trend shifts from the last known structure.

Integrated Trend Dashboard:

A real-time trend status table is shown at the top-right corner of the chart.

Clearly indicates the current state:

"▲ Bullish" — Trend confirmed

"▼ Bearish" — Trend confirmed

"■ Neutral" — No active trend

✅ Logic Review & Practical Value:
The trend determination logic is structurally sound and designed to reduce false positives.

Combining both short-term pivot activity and longer-term confirmation enhances reliability.

Traders benefit from consistent visual cues and minimal lag in trend representation.

The indicator is adaptable to various timeframes and trading strategies (e.g., price action, swing trading, structure-based entries).

6 giorni fa

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V1.2

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V1.3

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V1.5

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V1.6

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V1.8