STRX - Structure Min/Max

13 de set. de 2024

STRX - Structure Min/Max

The STRX - Structure Min/Max is an advanced and intuitive indicator designed for traders who want to identify key highs and lows in the market and visualize support and resistance structures clearly. Perfect for those looking to improve their chart reading abilities, this tool offers a simple and effective way to pinpoint key reversal points.
Key Features:

Relevant Pivot Highs and Lows: The indicator automatically calculates pivot highs and lows using a customizable period. These price levels are precisely displayed on the chart, with an "H" label for highs and "L" for lows, helping traders easily identify market turning points.

Dynamic Support and Resistance Lines: When a significant high or low is detected, the indicator automatically draws an extended support or resistance line. These dashed lines clearly show where the price may find support or resistance in future moves.

Complete Customization: The period for pivot calculation can be adjusted between 2 and 50, making this indicator extremely flexible and adaptable to different trading strategies, whether short or long-term. Additionally, users can choose to enable or disable the display of lines on highs and lows, keeping the chart clean and focused on relevant information.

Clean and Intuitive Visualization: Highs and lows are displayed with distinct symbols above and below the bars on the chart, allowing traders to quickly identify reversal points without confusion. The automatically drawn support and resistance lines extend to give a clear indication of critical market zones.

Versatile Tool: The STRX - Structure Min/Max is ideal for any type of asset, such as stocks, cryptocurrencies, forex, or commodities, and is applicable to any timeframe, from intraday trading to long-term analysis.

With STRX - Structure Min/Max, you can enhance your technical analysis skills by easily recognizing key reversal points and support and resistance zones, making your trading decisions more informed and precise. This indicator is perfect for those who want a structured and visually clear approach to market analysis.

13 de jan.

Notas de Lançamento

Indicator updated to Pine Script 6

anteontem

Notas de Lançamento

MAJOR OVERHAUL: v6 Update - Market Structure Suite

This update transforms the indicator from a simple Pivot tool into a complete Market Structure System. We have rewritten the engine to support Price Action and SMC concepts.

🚀 New Features in this version:

Smart Labeling (HH/LL): The indicator now identifies the trend context, labeling points as HH (Higher High), HL (Higher Low), LH (Lower High), and LL (Lower Low) instead of generic Highs/Lows.

BoS (Break of Structure): Added logic to detect breakouts. When a support or resistance is broken by a candle close, the line turns Solid and Thicker to visualize the BoS.

ZigZag Mode: Added an optional "Show Structure Path" setting to connect highs and lows with a line, making market waves easier to see.

History Control: New "Keep BoS History" option. Keep it ON for backtesting or OFF to keep the chart clean with only current active levels.

Price Labels: Added price tags to the support/resistance lines.

Alerts: Added alert conditions for new Highs and Lows.

Updated to Pine Script v6 for better performance.