[ICT Sebo] EQ

Overview

This indicator identifies and plots equilibrium levels derived from short-term price swings. It uses simple two-candle reversal patterns to define a completed swing sequence and calculates the midpoint between the swing high and swing low as an equilibrium reference.

The script is designed as a lightweight structural and balance-level visualization tool and does not generate trade signals.

How it works

The indicator monitors consecutive candle behavior to detect short-term directional shifts. A bullish sequence is defined by a bearish candle followed by a bullish candle, while a bearish sequence is defined by a bullish candle followed by a bearish candle.

Once a valid low-to-high or high-to-low sequence is confirmed, the indicator calculates the midpoint between the two-bar swing high and swing low. This midpoint represents the equilibrium level of the completed price movement.

Each equilibrium level is plotted as a horizontal line and extended forward for a user-defined number of bars.

Visualization

Bullish equilibrium levels are displayed in green and bearish equilibrium levels are displayed in red. Lines are drawn only after a full swing sequence is completed and remain fixed once plotted.

The indicator does not repaint previously confirmed equilibrium levels.

Intended use

This tool supports short-term market structure analysis, balance and mean reference evaluation, and contextual price interpretation. It is suitable for intraday analysis and should be used in combination with broader market context and risk management.

Notes

This indicator does not predict price direction, does not provide entry or exit signals and is intended purely as a visual reference for equilibrium levels.