OPEN-SOURCE SCRIPT
MSC @MaxMaserati
Market structure change indicator by MaxMaserati
It is designed to help trader's to detect market structure changes by identifying bullish and bearish fractal or swing breaks on the chart. This helps traders to understand potential market reversals or continuations in harmony with PO4 candles and MMM Blocks.
Features
Period Input: Adjust the number of periods for fractal calculation.
Bullish/Bearish Break Lines: Customize the colors of the lines indicating bullish and bearish breaks.
Line Width: Set the width of the fractal break lines.
Number of Lines: Define the maximum number of lines to display.
Chart Time Frame: Specify the timeframe for which the fractal conditions are evaluated.
Market Structure Change Bias: Enable or disable the market structure change bias display.
Table Position: Customize the position and size of the bias information table on the chart.
Settings configuration
Periods: Define the number of periods to consider for fractal calculations. Increasing this value might filter out more noise. (Better leave it to 1 to trade the MMM)
Bullish Break Line Color: Select a color for the bullish break lines.
Bearish Break Line Color: Select a color for the bearish break lines.
Line Width: Choose the desired width for the lines (1 to 3).
Number of Lines: Set the maximum number of fractal lines to be displayed on the chart.
Chart Time Frame: Specify the timeframe to evaluate the fractal conditions (e.g., 1D, 1W).
Market Structure Change Bias: Toggle to display the market structure change bias table.
Table Position: Adjust the position and size of the bias information table.
Interpreting the Signals:
Market structure change Bullish: When the price closes above a fractal high or swing high, a solid green line is drawn, indicating a potential bullish market structure change.
Market structure change Bearish : When the price closes below a fractal low or swing low, a solid red line is drawn, indicating a potential bearish market structure change.
Table Information: The table displays the current market structure bias as either "Bullish" or "Bearish" based on the latest fractal or swing break
It is designed to help trader's to detect market structure changes by identifying bullish and bearish fractal or swing breaks on the chart. This helps traders to understand potential market reversals or continuations in harmony with PO4 candles and MMM Blocks.
Features
Period Input: Adjust the number of periods for fractal calculation.
Bullish/Bearish Break Lines: Customize the colors of the lines indicating bullish and bearish breaks.
Line Width: Set the width of the fractal break lines.
Number of Lines: Define the maximum number of lines to display.
Chart Time Frame: Specify the timeframe for which the fractal conditions are evaluated.
Market Structure Change Bias: Enable or disable the market structure change bias display.
Table Position: Customize the position and size of the bias information table on the chart.
Settings configuration
Periods: Define the number of periods to consider for fractal calculations. Increasing this value might filter out more noise. (Better leave it to 1 to trade the MMM)
Bullish Break Line Color: Select a color for the bullish break lines.
Bearish Break Line Color: Select a color for the bearish break lines.
Line Width: Choose the desired width for the lines (1 to 3).
Number of Lines: Set the maximum number of fractal lines to be displayed on the chart.
Chart Time Frame: Specify the timeframe to evaluate the fractal conditions (e.g., 1D, 1W).
Market Structure Change Bias: Toggle to display the market structure change bias table.
Table Position: Adjust the position and size of the bias information table.
Interpreting the Signals:
Market structure change Bullish: When the price closes above a fractal high or swing high, a solid green line is drawn, indicating a potential bullish market structure change.
Market structure change Bearish : When the price closes below a fractal low or swing low, a solid red line is drawn, indicating a potential bearish market structure change.
Table Information: The table displays the current market structure bias as either "Bullish" or "Bearish" based on the latest fractal or swing break
Skrypt open-source
W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
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