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Tori x Larry Market Structure Lines

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**Tori & Larry Williams Strategy V6**
A breakout indicator combining Larry Williams' 60 years of research with Tori Trades' practical techniques.

**Key Lines & Their Meanings**
- **Horizontal Solid Line**: Connects recent significant Pivot Highs/Lows
→ Larry Williams calls this “the single most useful tool” from his 60-year career
→ Break above = end of short-term downtrend → strong buy signal
- **Diagonal Dotted Line (Green)**: Connects the two most recent major highs or lows
→ **Safety Line** from Tori Trades → acts as dynamic trend line & trailing stop guide
→ Move your stop-loss along this line as price moves in your favor
- **Background Colors** (only first 2 hours of each session):
Asia: Blue (00:00–02:00 UTC)
Europe: Yellow (08:00–10:00 UTC)
US: Red (13:00–15:00 UTC)
→ Highlights high-volatility windows based on the “Krak Krak” rule

**Tips to Reduce Chart Clutter**
• Increase `pivotLookback` (try 10–20) → ignores minor swings, shows only major levels
• In settings, turn off either Trend Lines or Horizontal Lines to focus better

**Entry & Exit Rules**
• **Entry**: Strong breakout above the Horizontal Resistance Line → Enter LONG
• **Stop Loss**: Place just below/above the opposite Green Safety Line
• **Exit**:
1. Take profit when price reaches higher timeframe (1H) resistance
2. Exit immediately if price breaks below the Safety Line (trend reversal)

**Core Philosophy**
“Understanding trend principles is far more important than memorizing complex patterns.”
This tool automatically structures price highs/lows for clear, intuitive trading.

Adjust settings to fit your style and enjoy!
Feedback always welcome.

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.