Advanced Price Action Market Structure

3 hari lalu

Advanced Price Action Market Structure Indicator

What It Does:

This indicator automatically identifies and tracks price action-based market structure using advanced Break of Structure (BoS) and Swing High/Low (SH/SL) detection. Unlike traditional indicators that rely on mathematical calculations, this tool analyzes pure price action to identify key swing highs, swing lows, and structural breaks that institutional traders use to navigate the markets.

The indicator plots dynamic swing points, automatically updates market structure as it evolves, and highlights critical structural breaks that often precede significant price moves. It also creates premium and discount zones to help traders identify optimal entry and exit areas within the current dealing range.

How It Works:
The indicator employs a sophisticated 4-step detection process that mirrors how professional traders analyze market structure:

For Bullish BoS (Break Above Previous Swing High):

- Detects when price closes above the previous swing high
- Looks backward to find the most recent bearish engulfing candle
- Identifies the lowest low from that engulfing candle forward to the break point (new swing low)
- Waits for the next bearish engulfing candle after the break to establish the new swing high

For Bearish BoS (Break Below Previous Swing Low):

- Detects when price closes below the previous swing low
- Looks backward to find the most recent bullish engulfing candle
- Identifies the highest high from that engulfing candle forward to the break point (new swing high)
- Waits for the next bullish engulfing candle after the break to establish the new swing low

Engulfing Pattern Definition:

Bullish Engulfing: A bullish candle (close > open) where the close breaks above the previous candle's high
Bearish Engulfing: A bearish candle (close < open) where the close breaks below the previous candle's low

Key Features & Customization:

⚙️ Initialization Control

Configurable lookback period (default: 20 bars) for establishing initial market structure
Helps adapt the indicator to different timeframes and market conditions. Once the initial market structure range is set, the indicator automatically switches to plotting market structure dynamically, based on pure price action.

🎨 Complete Visual Customization

Swing Points: Customizable colors, line styles, and label sizes for both highs and lows
BoS Visualization: Distinct styling for bullish (orange) and bearish (purple) breaks of structure
Line Extensions: Choose between right edge, current bar, or custom bar extensions
Premium/Discount Zones: Toggle on/off with customizable colors and transparency

📊 Premium/Discount Zones (Dealing Ranges)

- Automatically creates 50/50 zones between current swing high and low
- Helps identify when price is trading at a premium (upper 50%) or discount (lower 50%)
- Dynamic zone updates as new market structure is established

🔔 Smart Alerts

- Bullish/Bearish BoS detection alerts
- New swing high/low confirmation alerts
- Fully integrated with TradingView's alert system

📱 Multi-Timeframe Compatible

Works on all timeframes from 1-minute to monthly charts
Adapts the analysis to your preferred trading style

Inspiration for this indicator:

This indicator is based on the market structure methodology taught by Jonathan Jarvis in his educational content. Jonathan is the founder of Norfolk FX Trader and teaches advanced price action concepts including market balance/imbalance, supply and demand and market structure through his comprehensive trading education programs.

Learn More: For deeper understanding of these concepts, visit Jonathan's YouTube channel where he provides extensive free education on market structure analysis and price action trading strategies.

🔗 Jonathan Jarvis - Norfolk FX Trader YouTube Channel: youtube.com/@norfolkfxtrader

Perfect For

- Price action traders seeking to understand market structure
- Swing traders looking for high-probability entry/exit points
- Traders wanting to align with institutional market flow
- Anyone interested in learning professional market structure analysis
- Both beginners learning market structure and experienced traders refining their approach

Important Notes

- This indicator analyzes pure price action without lag or repainting
- Market structure analysis requires practice and understanding of price action principles
- Always combine with proper risk management and position sizing
- Consider multiple timeframe analysis for optimal results

Transform your trading by understanding how the market really moves – through the lens of institutional market structure.

Disclaimer: This indicator is for educational purposes. Trading involves risk and past performance does not guarantee future results. Always practice proper risk management.

3 jam lalu

Nota Keluaran

- Minor aesthetic changes

3 jam lalu

Nota Keluaran

- Updated min/max parameters for line and zone extension customisation.