OPEN-SOURCE SCRIPT
Market Structured Oscillator
This indicator is meant to act as an oscillator that'll help you follow market structure while using Williams %R calculations. It uses pivots hl indicator (built into tradingview, free) to determine the highs and lows. It is fully customizable to help tailor the number of pivots that you use while trading. Great for identifying divergences and true highs/lows. You can use it to help identify and analyze current price and market conditions or as an added confluence to your strategy.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.