The “StructureCandle Dynamics ” script is designed to help traders assess market sentiment and direction by analyzing candlestick structures. It uses a customizable color system to indicate whether the market is in an over bullish or over bearish state, providing clear visual cues about overall sentiment and potential market direction.
Key Features
1. Over...
this indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time.
The table above shows the percentage distance of the price from the last high and the last low.
zigzags are painted green when making higher peaks, while...