CYP STRUCTURE AND RANGE

Overview:
CYP STRUCTURE AND RANGE is an innovative indicator that uniquely combines market structure analysis with dynamic range detection. This tool is designed to help traders visualize key swing pivots and consolidation zones, enabling a multi-dimensional view of price action. By marking both significant swing highs/lows and the evolving range boundaries, the indicator aids in identifying potential breakouts, reversals, and critical support/resistance areas.

Originality and Concept:

Integrated Approach:
The indicator integrates two powerful ideas:
Market Structure Detection: It identifies both major swing pivots and finer internal structure levels to provide insight into trend changes and momentum shifts.
Dynamic Range Identification: It calculates and displays the upper and lower boundaries of price consolidation zones, with an optional midline for added context.
Influence and Innovation:
While the script draws upon concepts from the LuxAlgo Smart Money Concepts indicator and Lazy Bear's Ranges Identifier, it represents an original synthesis of these ideas. By merging these proven approaches, the indicator refines and extends the underlying concepts—offering enhanced clarity and customization that stand apart from its inspirations. This mashup is not just a replication but an evolution designed to add unique value to TradingView users.
Key Features and Benefits:

Adaptive Swing Structure:

Automatically detects significant swing highs and lows as well as internal pivots.
Provides clear labeling (e.g., HH, LH, HL, LL) that can help in spotting trend reversals or continuations.
Dynamic Range Visualization:

Plots upper and lower range boundaries based on recent price action.
Offers an optional midline to highlight the central price area during consolidation.
Includes the option to connect range levels and fill the consolidation area with color for easy visual reference.
Customizable Settings:

Choose between historical or present mode for structure display.
Customize color themes (colored or monochrome) and candle coloring based on trend.
Adjustable swing lengths and range connectivity settings let you fine-tune the indicator for different timeframes (e.g., on a 4H chart, a maximum swing length of 35 provides a focused view over approximately 6 days of price action).
How This Indicator Is Useful:

Enhanced Decision-Making:
The combined view of market structure and range consolidation helps traders pinpoint actionable levels, making it easier to plan entries, exits, and manage risk.
Versatility:
Whether you’re a scalper, day trader, or swing trader, the flexibility and adaptability of this tool make it suitable for a variety of trading styles and timeframes.
Visual Clarity:
With clearly defined swing points and consolidation zones, the indicator simplifies complex market dynamics, enabling a quick assessment of the prevailing price action.
Conclusion:
CYP STRUCTURE AND RANGE is an original and useful tool that bridges the gap between traditional swing analysis and range-based methods. It leverages insights from renowned concepts like LuxAlgo Smart Money and Lazy Bear's Ranges Identifier, combining them into a refined, user-friendly package. This synthesis not only preserves the strengths of its inspirations but also introduces unique enhancements that contribute to a more precise and adaptable trading analysis framework.