RrBc2

Simple Market Structure

This indicator is meant for education and experimental purposes only.

Many Market Structure Script out there isn't open-sourced and some could be complicated to understand to modify the code. Hence, I published this code to make life easier for beginner programmer like me to modify the code to fit their custom indicator.

As I am not a expert or pro in coding it might not be as accurate as other reputable author.
Any experts or pros that is willing to contribute this code in the comment section below would be appreciated, I will modify and update the script accordingly as part of my learning journey.

It is useful to a certain extend to detect Market Structure using Swing High/Low in all market condition.

Here are some points that I am looking to improve / fix:
  • To fix certain horizontal lines that does not paint up to the point where it breaks through.
  • To add in labels when a market structure is broken.
  • Allow alerts to be sent when market structure is broken (Probably be done in the last few updates after knowing it is stable and as accurate as possible)

Any suggested improvement, please do let me know in the comment section below and I will try my best to implement it into the script.
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Vuoi usare questo script sui tuoi grafici?