MentFx Structure

l’altro ieri

This indicator is designed to identify and track swing highs and lows on any timeframe, displaying them as customizable solid lines on the chart. Users can adjust line color and width to suit their preferences.

The logic behind these levels is based on whether the current market structure is bullish (most recent break to the upside) or bearish (most recent break to the downside).

In a bullish range, the high continues updating until a valid swing high forms. The low is only updated if a candle body (open or close) closes below the existing low, filtering out wick noise.

In a bearish range, the low continues updating until a valid swing low forms. The high only updates if a candle body (open or close) closes above the existing high.

Swing points are confirmed using strict rules:

A swing high is a high with lower highs on both sides.

A swing low is a low with higher lows on both sides.

The indicator follows a unique structure-tracking method based on the idea that institutional flows often involve “sell before buy” (bullish accumulation) or “buy before sell” (bearish distribution). These structural ranges aim to visualize where major transitions occur — offering clarity on trend continuation or reversal zones.

The tool is especially useful for traders who analyze price delivery in context of higher and lower timeframes, allowing for confluence in market structure reading.

ℹ️ This script is published as a protected script. Users can add it to their chart, but the source code is hidden.
📩 For inquiries or access to the full code, feel free to message me directly.

l’altro ieri

Note di rilascio

Fixed a minor glitch in the zone detection