OPEN-SOURCE SCRIPT
Mis à jour Market Structure - By Leviathan
This indicator helps you identify market structure by plotting swing highs and lows (HH, LH, HL, LL), BOS/CHOCH and 0.5 retracement levels. Other functionalities will be added in future updates.
Indicator Settings Overview
SWING LENGTH
The number of leftbars and rightbars when searching for swing points. The lower the value, the more swing points are shown and the higher the value, the less swing points are shown. I suggest adjusting it to fit your style and when switching between different timeframes.
BOS CONFIRMATION
Choose whether a Break of Structure is determined by a candle close or a wick breaching previous swing point. Using the "Wick" confirmation option will result in more breaks of structure.
CHOCH
Turning this ON renames the first counter trend Break of Structure (BOS) to CHoCH (Change of Character) and therefore signaling a possible trend shift.
SHOW 0.5 RETRACEMENT LEVEL
This will show a level halfway between a swing low and a swing high of an expansion move, which can act as an approximate retracement point if the trend continues.
In uptrends, 0.5 level is drawn between Higher Lows (HL) and Higher Highs ( HHs ). Long entries can be placed around that level if you suspect that the uptrend will continue.
In downtrends, 0.5 level is drawn between Lower Highs (LH) and Lower Lows (LLs). Short entries can be placed around that level if you suspect that the downtrend will continue.
Indicator Settings Overview
SWING LENGTH
The number of leftbars and rightbars when searching for swing points. The lower the value, the more swing points are shown and the higher the value, the less swing points are shown. I suggest adjusting it to fit your style and when switching between different timeframes.
BOS CONFIRMATION
Choose whether a Break of Structure is determined by a candle close or a wick breaching previous swing point. Using the "Wick" confirmation option will result in more breaks of structure.
CHOCH
Turning this ON renames the first counter trend Break of Structure (BOS) to CHoCH (Change of Character) and therefore signaling a possible trend shift.
SHOW 0.5 RETRACEMENT LEVEL
This will show a level halfway between a swing low and a swing high of an expansion move, which can act as an approximate retracement point if the trend continues.
In uptrends, 0.5 level is drawn between Higher Lows (HL) and Higher Highs ( HHs ). Long entries can be placed around that level if you suspect that the uptrend will continue.
In downtrends, 0.5 level is drawn between Lower Highs (LH) and Lower Lows (LLs). Short entries can be placed around that level if you suspect that the downtrend will continue.
Notes de version
Added an option to show or hide swing points (HH, LH, HL, LL).Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.