Market Structure

WTI CRUDE OILTVC

Description

⋅ Nov 23, 2019 12:36 PM

Simple script to Plot Horizontal Lines at turning points of the market. Often times, these key levels can indicate a potential trade when price breaks above/below.

Release Notes

⋅ Nov 23, 2019 1:04 PM

Default Data Selection is Daily TF for less evasive signals.

Release Notes

⋅ Nov 23, 2019 1:10 PM

Testing

Release Notes

⋅ Dec 6, 2019 2:39 PM

Extended Market Structure in both directions and added an input to choose the resolution period you'd like the Market Structure to be calculated on.

Release Notes

⋅ Mar 16, 2020 2:39 PM

Added Horizontal Plots to show when higher TF closed with Market Structure Condition.

Comments

Shunya0x

⋅ Aug 19, 2021 8:36 PM

Thank you for an awesome indicator. I wanted to ask what are those vertical lines?

Ganbu

⋅ Sep 8, 2021 8:19 PM

@shettytushar, how do you know it's awesome if you can't understand it?

Shunya0x

⋅ Sep 8, 2021 9:01 PM

@Shocs, Maybe you should start using it to know it, it plots horizontal lines which are S/R, the purpose of vertical lines isn't explained.

UnknownUnicorn5757714

⋅ Sep 29, 2021 10:33 PM

@Shocs, i'm blind but that was an awesome reply.

maroof81

⋅ Dec 17, 2019 9:59 PM

thanky

DayTradingOil

⋅ Dec 18, 2019 2:22 AM

@maroof81, Welcome-y!

nilswap

⋅ Dec 9, 2019 6:09 PM

Hello sir, I want this script to run in live market. When i run this script in live market it draws horizontal lines but not from starting time of the market. It takes previous day candles also.

study("Horizontal lines for UPTRENDING STOCK", overlay=true)
plot(low[85], trackprice=true, offset=-9999)
plot(low[70], trackprice=true, offset=-9999)
plot(low[55], trackprice=true, offset=-9999)
plot(low[40], trackprice=true, offset=-9999)
plot(low[25], trackprice=true, offset=-9999)
plot(low[10], trackprice=true, offset=-9999)
plot(low, color=#FFFFFFFF)

will you please help me with this script which draws horizontal lines "one by one" as market proceeds..Thanks in advance...

DayTradingOil

⋅ Dec 10, 2019 4:32 AM

@nilswap, In response to it taking 1 timeframe bar to paint, this is intentional. The purpose of this script is to locate turning points of Higher TF candles in the past to look for areas of interaction with current price action. This price action can then be interpreted and traded upon in lower timeframes using the Market Structure as guidelines for entry position area, stop loss, etc.