PROTECTED SOURCE SCRIPT
Relevant Lows
Relevant Low (RL) is a market structure indicator designed to identify and track relevant swing lows based on price action and mitigation logic.
The script detects valid swing lows using a configurable lookback, then follows their evolution through multiple structural states (from formation to validation or invalidation).
A swing low becomes relevant when:
An opposite swing high is formed,
The pullback does not exceed a user-defined mitigation gap,
Price breaks above the opposite swing high.
Once confirmed, the indicator plots a horizontal Relevant Low level on the chart and dynamically extends it until price invalidates it.
Key features:
Configurable swing lookback length
Adjustable mitigation gap threshold
Automatic state-based validation (formation → confirmation → invalidation)
Optional visualization of confirmed Relevant Low levels
This tool is intended for traders focusing on market structure, liquidity, and price validation, and can be used as a support level or contextual bias in discretionary or systematic strategies.
The script detects valid swing lows using a configurable lookback, then follows their evolution through multiple structural states (from formation to validation or invalidation).
A swing low becomes relevant when:
An opposite swing high is formed,
The pullback does not exceed a user-defined mitigation gap,
Price breaks above the opposite swing high.
Once confirmed, the indicator plots a horizontal Relevant Low level on the chart and dynamically extends it until price invalidates it.
Key features:
Configurable swing lookback length
Adjustable mitigation gap threshold
Automatic state-based validation (formation → confirmation → invalidation)
Optional visualization of confirmed Relevant Low levels
This tool is intended for traders focusing on market structure, liquidity, and price validation, and can be used as a support level or contextual bias in discretionary or systematic strategies.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.