This indicator is meant for education and experimental purposes only.
Many Market Structure Script out there isn't open-sourced and some could be complicated to understand to modify the code. Hence, I published this code to make life easier for beginner programmer like me to modify the code to fit their custom indicator.
As I am not a expert or pro in coding...
this indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time.
The table above shows the percentage distance of the price from the last high and the last low.
zigzags are painted green when making higher peaks, while...
This indicator shows the market structure break (msb) and order blocks (ob). Msb occurs after the breakout old high when the price make lower lows or occurs after the breakout old low when the price make higher highs. OB occurs after the msb, ob is the last bullish candle before high if msb is bearish but if the msb is bullish then ob is the last bearish candle...
This script identifies Orderblocks, Breakerblocks and Range using higher order pivots and priceaction logic.
I tried to reduce the number of blocks to make the chart cleaner, for this purpose I use only second order pivots for both MSB lines and supply/demand boxes, I also tried to filter out shifts in MS and false breakouts.
Any box has GRAY color until it gets...
