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OPEN-SOURCE SCRIPT

Ultra Market Structure

Por Rathack
Actualizado
The Ultra Market Structure indicator detects key market structure breaks, such as Break of Structure (BoS) and Change of Character (CHoCH), to help identify trend reversals. It plots lines and labels on the chart to visualize these breakpoints with alerts for important signals.

Introduction
This script is designed to help traders visualize important market structure events, such as trend breaks and reversals, using concepts like Break of Structure (BoS) and Change of Character (CHoCH). The indicator highlights internal and external price levels where the market shifts direction. It offers clear visual signals and alerts to keep traders informed of potential changes in the market trend.

Detailed Description
The indicator focuses on detecting "market structure breaks," which occur when the price moves past significant support or resistance levels, suggesting a potential reversal or continuation of the trend.

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  1. Type of structure
    Internal Structure: Focuses on smaller, shorter-term price levels within the current market trend.
    External Structure: Focuses on larger, longer-term price levels that may indicate more significant shifts in the market.


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  2. Key events
    Break of Structure (BoS): A market structure break where the price surpasses a previous high (bullish BoS) or low (bearish BoS).
    Change of Character (CHoCH): A shift in market behavior when the price fails to continue in the same direction, indicating a possible trend reversal.
    Once a break or shift is detected, the script plots lines and labels on the chart to visually mark the breakpoints.
    It also provides alerts when a BoS or CHoCH occurs, keeping traders informed in real-time.
    The indicator can color the background and candles based on the market structure, making it easy to identify the current trend.


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  3. Special feature
    At news events or other momentum pushes most structure indicators will go into "sleep mode" because of too far away structure highs/lows. This indicator has a structure reset feature to solve this issue.


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Detects Break of Structure (BoS) and Change of Character (CHoCH) signals.
Marks internal and external support/resistance levels where market trends change.
Provides visual cues (lines, labels) and real-time alerts for structure breaks.
Offers background and candle color customization to highlight market direction.
Notas de prensa
update (added Previous High/Low (Day, Week, Month
added Fair Value Gap's)
Notas de prensa
update
added premium & discount levels
Notas de prensa
bugfix
Notas de prensa
update chartbild
Notas de prensa
added a 2-Candle confirmation for internal structure breaks
added a FVG threshold for too small FVG's
Notas de prensa
added Auto Fibonacci Retracement

the 2-Candle confirmation feature is working but sometimes it takes the wrong bar to draw from
Notas de prensa
added customizable Volume-Weighted-Average-Price indicators
added candle color tranparency
added some tooltips
Notas de prensa
added a chaos structure channel
solved minor bugfix of the fib
changed the way premium & discount zones are drawn from, they now drawn from the last overbought/oversold seperatly
Notas de prensa
added liquidity grabs
updated fib (you can now display both internal and external)
rewrote some parts of the script
Notas de prensa
update chart picture
Notas de prensa
added day/week/month open line
added day/week/month session divider
changed the whole day/week/month part for quicker settings selection
Notas de prensa
added a customizable FVG threshold
added customizable labels
Notas de prensa
added pivot points and an option to display price at labels
Notas de prensa
added pivot points and an option to display price at labels
Notas de prensa
added pivot points and an option to display price at labels
bollingersbanddaytradingfvgmarketstructurepivotPivot points and levelspremiumdiscountprevioushighlowstructureTrend Analysis

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Rathack

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.