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Market Structure (DeadCat)

1โ€ฏ917
๐ŸŒŸ Market Structure (DeadCat) - Indicator Overview ๐ŸŒŸ

The Market Structure (DeadCat) indicator plots swing highs and lows (HH, HL, LH, LL) using pivot points, helping you spot uptrends, downtrends, and potential reversals. Perfect for traders who use market structure.

๐ŸŒŸ Key Features ๐ŸŒŸ

๐Ÿ”น Swing Point Labels

HH (Higher High): Signals uptrend strength.
HL (Higher Low): Marks bullish support.
LH (Lower High): Hints at weakening uptrend or reversal.
LL (Lower Low): Confirms downtrend momentum.

๐Ÿ”น Trend Detection
Uptrend: Tracks HH/HL for bullish momentum.
Downtrend: Tracks LH/LL for bearish momentum.

Waits for breaks of prior HH/HL or LH/LL to confirm new swing points, ensuring reliable signals. ๐Ÿ”„


๐Ÿ”น Customizable Labels

Adjust label text color (default: black) to suit your chart. Supports up to 500 labels for a clean, focused view. ๐Ÿ–Œ๏ธ

๐ŸŒŸ Indicator Settings ๐ŸŒŸ

Swing Length: Fixed at 20 bars (left) and 2 bars (right) for pivot detection.
Label Color: Customize text color for better visibility.
Release Notes
Update - Option for user to select color

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.