RrBc2

Simple Market Structure

This indicator is meant for education and experimental purposes only.

Many Market Structure Script out there isn't open-sourced and some could be complicated to understand to modify the code. Hence, I published this code to make life easier for beginner programmer like me to modify the code to fit their custom indicator.

As I am not a expert or pro in coding it might not be as accurate as other reputable author.
Any experts or pros that is willing to contribute this code in the comment section below would be appreciated, I will modify and update the script accordingly as part of my learning journey.

It is useful to a certain extend to detect Market Structure using Swing High/Low in all market condition.

Here are some points that I am looking to improve / fix:
  • To fix certain horizontal lines that does not paint up to the point where it breaks through.
  • To add in labels when a market structure is broken.
  • Allow alerts to be sent when market structure is broken (Probably be done in the last few updates after knowing it is stable and as accurate as possible)

Any suggested improvement, please do let me know in the comment section below and I will try my best to implement it into the script.
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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.

¿Quiere utilizar este script en un gráfico?