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Hypothetical (Swing Explorer)

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Hypothetical (Swing Explorer)

Overview

The Hypothetical (Swing Explorer) is a Pine Script v6 indicator for TradingView, designed to analyze market structure and illustrate price movements. It combines ZigZag-based pivot detection, liquidity sweeps, order blocks, trendlines, trail lines, and hypothetical illustrative swing marks, with optional custom-colored candles. We use integrated hypotheticals support forward estimations. A status table summarizes trend direction, trail status, and hypothetical illustrative marks, making it a versatile tool for traders reviewing commonly monitored setups.

How It Works

The indicator identifies market structure using a ZigZag algorithm (ta.highest, ta.lowest, default length: 9 bars) to plot swing highs/lows, verified by pivot detection (ta.pivothigh, ta.pivotlow)—ensuring non-repainting verification. Trend direction is determined by comparing fast (default: 8-period) and slow (default: 21-period) EMAs. Liquidity sweeps are detected at pivot highs/lows, and order blocks are drawn using ATR-based sizing. Trendlines connect pivot points, and trail lines track price or EMA trends with optional gradient coloring. Hypotheticals (next swing, illustrative swing, reversal, echo swing) are calculated using historical swing ranges, momentum, and ATR, with estimated arrival times based on velocity patterns. Custom candles reflect ZigZag leg direction, with illustrative or verified coloring options.

Key Features

ZigZag Market Structure: Visualizes swing highs/lows with customizable lines.
Liquidity Sweeps: Marks liquidity grabs at pivot points with dynamic lines.
Order Blocks: Displays bullish/bearish order blocks with configurable limits.
Trendlines: Draws bullish/bearish trendlines based on pivot connections.
Hypothetical Swing Marks: Illustrates hypothetical (next swing, reversal, and echo swing levels) with time estimates.
Trail and Zero-Lag Lines: Tracks price with customizable, gradient-colored lines synced to price or EMA trends.
Custom Plot Candles: Overlays candles colored by ZigZag leg direction (illustrative or verified).
Status Table: Summarizes trend, trail, and illustrative hypothetical mark states.
Customizable Settings: Adjust lookback, colors, and visibility for all components.

What It Displays

This indicator integrates multiple price action tools—ZigZag structure, liquidity sweeps, order blocks, and hypothetical illustrative marks—into a cohesive system, offering a comprehensive view of market dynamics via velocity-based estimations derived from historical swing ranges and momentum. Its customizable visuals and illustrative features make it adaptable for day trading, scalping, or swing trading in stocks, forex, futures, or crypto, enhancing trade chart review.

Originality

This indicator is a Pine v6 implementation using TradingView’s built-in ta.ema, ta.atr, ta.pivothigh, ta.pivotlow, ta.highest, ta.lowest, and ta.barssince functions.

Common Ways People Use It

• Day traders reviewing intraday breakouts and reversals.
• Scalpers studying liquidity sweeps and order block zones.
• Technical analysts illustrating market structure and swings.

Configuration Notes

Configure the ZigZag length (default: 9), pivot lookback (default: 10), and EMA periods (default: 8/21). Adjust visibility and colors for market structure, liquidity sweeps, order blocks, trendlines, and trail lines. Enable custom candles for enhanced visualization and use the status table to monitor trend and illustrative markers/labels for trade planning.

Legal Disclaimer

These indicators are for informational and educational purposes only—not investment, financial, or trading advice. Past performance is not indicative of future results; trading involves high risk of loss. Provided "as is" with no warranties. Consult a qualified professional before decisions. By using, you assume all risk and agree to this disclaimer.

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.