Structure Mod

This indicator was inspired by mentfx and allows to view structure as moving up and down blocks based on pullback rules:

bear pullback - price opens above previous high
bull pullback - price close below previous low

This indicator has the following settings which can be changed

Highlight 1st MB Up, colour first MB after changing direction up
Highlight 1st MB Down, colour first MB after changing direction down
Show MB breaks, show signals on a chart when new MB formed
Show higher timeframe MB, overlay higher timeframe MB to view fractal structure
Higher timeframe in minutes, allows to adjust higher timeframe overlay

Following alerts also ready to be set

1st MB Up
1st MB Down
DMB Up
DMB Down
MB Up
MB Down
Any MB

Release Notes

minor syntax update

Release Notes

- updated highlights to cover full MB

Release Notes

minor fixes

Release Notes

minor fixes

Release Notes

minor updates

Release Notes

minro fixes

Release Notes

corrected 1st MBs highlighting to properly cover full MB

Release Notes

disable debug

Release Notes

Update highlighting rules for the first MBs to correctly mark them according to PB rules
Default colors updated

Release Notes

fixing anomalies with 1st MBs highlights

Release Notes

fixing anomalies

Release Notes

fix DMB alerts to only trigger once within second MB

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

tenrvash

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.

tenrvash