PROTECTED SOURCE SCRIPT
Updated StO Price Action - QMR
Short Summary
- Visualizes Quasimodo reversal patterns on the chart
- Supports long and short QM structures from selectable timeframes
- Clean structural overlay with optional alerts
Full Description
Overview
- Plots confirmed QM patterns as structural reference levels
- QM can be sourced from the chart or higher timeframes
- Designed for market structure and reversal analysis
Visualization
- Higher-timeframe QM is projected onto lower charts
- Separate toggles for QM Long and QM Short
- Individual colors for bullish and bearish QM
- Adjustable line style and width
Detection Logic
- Two algorithms:
- Direct (strict structure)
- Space (more tolerance between points)
- Helps balance precision and noise reduction
Alerts
- Alerts for QM Long and QM Short patterns
- Triggered on new confirmed structures
Usage
- Use as a structural and reversal reference
- Best combined with liquidity and market structure approaches
Notes
- Non-repainting or extending after confirmation
- Not a standalone signal indicator
- Visualizes Quasimodo reversal patterns on the chart
- Supports long and short QM structures from selectable timeframes
- Clean structural overlay with optional alerts
Full Description
Overview
- Plots confirmed QM patterns as structural reference levels
- QM can be sourced from the chart or higher timeframes
- Designed for market structure and reversal analysis
Visualization
- Higher-timeframe QM is projected onto lower charts
- Separate toggles for QM Long and QM Short
- Individual colors for bullish and bearish QM
- Adjustable line style and width
Detection Logic
- Two algorithms:
- Direct (strict structure)
- Space (more tolerance between points)
- Helps balance precision and noise reduction
Alerts
- Alerts for QM Long and QM Short patterns
- Triggered on new confirmed structures
Usage
- Use as a structural and reversal reference
- Best combined with liquidity and market structure approaches
Notes
- Non-repainting or extending after confirmation
- Not a standalone signal indicator
Release Notes
Minor ChangesRelease Notes
Minor ChangesProtected 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.