Market Structure — Indicator by DayTradingOil

trendanalysis horizontal horizontalsupoort horizontalresistance horizontal-break

Simple script to Plot Horizontal Lines at turning points of the market. Often times, these key levels can indicate a potential trade when price breaks above/below.

Release Notes:

Default Data Selection is Daily TF for less evasive signals.

Release Notes:

Testing

Release Notes:

Extended Market Structure in both directions and added an input to choose the resolution period you'd like the Market Structure to be calculated on.

Release Notes:

Added Horizontal Plots to show when higher TF closed with Market Structure Condition.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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