OPEN-SOURCE SCRIPT
Market Structure [ActiveQuants]
The Market Structure indicator is a powerful tool designed to help traders identify key market structure shifts and change of character (CHoCH) points. By plotting swing highs, swing lows, and structural breaks, this indicator allows traders to track price action dynamics, improving trade execution and strategy development.
█ KEY FEATURES
█ CONCLUSION
The Market Structure & CHoCH Indicator is an essential tool for traders who rely on price action and structure-based strategies. By visually mapping key swing points and structure shifts, it enhances decision-making, helping traders align with the market trend and spot potential reversals.
█ IMPORTANT
⚠ CHoCH signals should be used in conjunction with other confluences such as supply & demand zones, order flow, or trend confirmation.
⚠ Adjust pivot sensitivity based on your preferred timeframe and asset class to optimize accuracy.
Incorporate this indicator into your trading workflow to enhance market structure analysis and refine entry & exit strategies.
📈 Happy trading! 🚀
█ KEY FEATURES
- Market Structure Visualization: Automatically detects and plots pivot highs and pivot lows, highlighting structural points on the chart.
- Change of Character (CHoCH) Detection: Identifies bullish and bearish CHoCH events, marking key shifts in market sentiment.
- Customizable Sensitivity: Adjust the pivot sensitivity to fine-tune market structure identification based on different trading styles and timeframes.
- Dynamic Labeling & Line Management: Automatically removes old lines and labels to keep the chart clean and focused on recent price action.
- User-Defined Display Options: Customize the colors, visibility, and number of bars shown to match your personal trading preferences.
█ CONCLUSION
The Market Structure & CHoCH Indicator is an essential tool for traders who rely on price action and structure-based strategies. By visually mapping key swing points and structure shifts, it enhances decision-making, helping traders align with the market trend and spot potential reversals.
█ IMPORTANT
⚠ CHoCH signals should be used in conjunction with other confluences such as supply & demand zones, order flow, or trend confirmation.
⚠ Adjust pivot sensitivity based on your preferred timeframe and asset class to optimize accuracy.
Incorporate this indicator into your trading workflow to enhance market structure analysis and refine entry & exit strategies.
📈 Happy trading! 🚀
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
TradingView Tools by ActiveQuants | activequants.com
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
TradingView Tools by ActiveQuants | activequants.com
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.