PROTECTED SOURCE SCRIPT
Simple Market Structure Highs & Lows
🟩 Simple Market Structure Highs & Lows
This indicator identifies basic swing highs and lows based on simple two-candle patterns, giving traders a clean visual view of short-term market structure shifts.
🔹 Logic
A Swing High (H) is marked when an up candle is followed by a down candle.
→ The high of the up candle (the first one) is plotted as a green triangle above the bar.
A Swing Low (L) is marked when a down candle is followed by an up candle.
→ The low of the down candle (the first one) is plotted as a red triangle below the bar.
🔹 Purpose
This tool helps visualize basic market turning points — useful for:
Spotting local tops and bottoms
Analyzing market structure changes
Identifying potential entry/exit zones
Building the foundation for BOS/CHoCH strategies
🔹 Notes
Works on any timeframe or asset.
No repainting — signals appear after the confirming candle closes.
Simple and lightweight — ideal for traders who prefer clean structure visualization.
This indicator identifies basic swing highs and lows based on simple two-candle patterns, giving traders a clean visual view of short-term market structure shifts.
🔹 Logic
A Swing High (H) is marked when an up candle is followed by a down candle.
→ The high of the up candle (the first one) is plotted as a green triangle above the bar.
A Swing Low (L) is marked when a down candle is followed by an up candle.
→ The low of the down candle (the first one) is plotted as a red triangle below the bar.
🔹 Purpose
This tool helps visualize basic market turning points — useful for:
Spotting local tops and bottoms
Analyzing market structure changes
Identifying potential entry/exit zones
Building the foundation for BOS/CHoCH strategies
🔹 Notes
Works on any timeframe or asset.
No repainting — signals appear after the confirming candle closes.
Simple and lightweight — ideal for traders who prefer clean structure visualization.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.