PROTECTED SOURCE SCRIPT
Nopis MSB Indicator
Exclusive for TRW members!
This indicator will print a label when it detects a market structure break (MSB)
It will draw a short line at the level of the broken structure.
The label will always read "MSB". In addition, it can have the following codes:
VOL: The market structure break happened on above average volume.
SMA: The market structure break happend in the directíon of the current trend (see SMA settings in the indicators options)
All combinations are possible.
To be clear, a label reading only "MSB" indicates a market structure break on below average volume, reversing the current trend!
Feedback is welcome. TRW tag Nopileus
This indicator will print a label when it detects a market structure break (MSB)
It will draw a short line at the level of the broken structure.
The label will always read "MSB". In addition, it can have the following codes:
VOL: The market structure break happened on above average volume.
SMA: The market structure break happend in the directíon of the current trend (see SMA settings in the indicators options)
All combinations are possible.
To be clear, a label reading only "MSB" indicates a market structure break on below average volume, reversing the current trend!
Feedback is welcome. TRW tag Nopileus
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.