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MZ.ARM | Market Structure Identifier

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This indicator reveals the true market structure, improving over the usual method that uses Williams Highs and Lows as pivots, which are only approximations. ⚡️

📈 How it works:

It precisely confirms Local Highs and Local Lows by rules:

A Local High gets confirmed only when a later candle closes below its low.

A Local Low gets confirmed only when a later candle closes above its high. 📍

Enforces strict alternation: a Low always follows a confirmed High and vice versa. No sequences like High, High, Low, Low allowed. 🔄

Identifies bullish market structure when price forms Higher Highs and Higher Lows (uptrend) 🐂, and bearish structure when price forms Lower Lows and Lower Highs (downtrend) 🐻.

Defines intermediate Highs and Lows as Ranging (neutral), which can precede trend continuation or reversal. 🔄

⚔️ Bullish/Bearish Breaks (early signals):

A Bullish Break happens when the current candle’s close exceeds the previous confirmed Local High 🔥.

A Bearish Break happens when the current close drops below the most recent confirmed Local Low ❄️.

Uses candle Close price (instead of High/Low) to reduce false signals from spikes 🎯.
Informacje o Wersji
🛠️⚙️ Added 🟢🔴 dotted line to signal where trend is about to flip.
Informacje o Wersji
📈🆕 Chart example of 𝗠𝗭.ARM trade.

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