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Market Structure Trend Change Indicator
Description:
This indicator detects changes in market trend by analyzing swing highs and lows to identify Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL). It helps traders quickly see potential reversals and trend continuation points.
Features:
Automatically identifies pivots based on configurable left and right bars.
Labels pivot points (HH, HL, LH, LL) directly on the chart (text-only for clarity).
Generates buy and sell signals when a trend change is detected:
Buy Signal: HL after repeated LLs.
Sell Signal: LH after repeated HHs.
Fully customizable signal appearance: arrow type, circle, label, color, and size.
Adjustable minimum number of repeated highs or lows before a trend change triggers a signal.
Alerts built in for automated notifications when buy/sell signals occur.
Default Settings:
Optimized for a 10-minute chart.
Default “Min repeats before trend change” and pivot left/right bars are set for typical 10-min price swings.
User Customization:
Adjust the “Pivot Left Bars,” “Pivot Right Bars,” and “Min repeats before trend change” to match your trading style, chart timeframe, and volatility.
Enable pivot labels for visual clarity if desired.
Set alerts to receive notifications of trend changes in real time.
How to Use:
Apply the indicator to any chart and timeframe. It works best on swing-trading or trend-following strategies.
Watch for Buy/Sell signals in conjunction with your other analysis, such as volume, support/resistance, or other indicators.
Legal Disclaimer:
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Users should trade at their own risk and are solely responsible for any gains or losses incurred.
Description:
This indicator detects changes in market trend by analyzing swing highs and lows to identify Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL). It helps traders quickly see potential reversals and trend continuation points.
Features:
Automatically identifies pivots based on configurable left and right bars.
Labels pivot points (HH, HL, LH, LL) directly on the chart (text-only for clarity).
Generates buy and sell signals when a trend change is detected:
Buy Signal: HL after repeated LLs.
Sell Signal: LH after repeated HHs.
Fully customizable signal appearance: arrow type, circle, label, color, and size.
Adjustable minimum number of repeated highs or lows before a trend change triggers a signal.
Alerts built in for automated notifications when buy/sell signals occur.
Default Settings:
Optimized for a 10-minute chart.
Default “Min repeats before trend change” and pivot left/right bars are set for typical 10-min price swings.
User Customization:
Adjust the “Pivot Left Bars,” “Pivot Right Bars,” and “Min repeats before trend change” to match your trading style, chart timeframe, and volatility.
Enable pivot labels for visual clarity if desired.
Set alerts to receive notifications of trend changes in real time.
How to Use:
Apply the indicator to any chart and timeframe. It works best on swing-trading or trend-following strategies.
Watch for Buy/Sell signals in conjunction with your other analysis, such as volume, support/resistance, or other indicators.
Legal Disclaimer:
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Users should trade at their own risk and are solely responsible for any gains or losses incurred.
Nota Keluaran
Market Structure Trend Change IndicatorDescription:
This indicator detects changes in market trend by analyzing swing highs and lows to identify Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL). It helps traders quickly see potential reversals and trend continuation points.
Features:
Automatically identifies pivots based on configurable left and right bars.
Labels pivot points (HH, HL, LH, LL) directly on the chart (text-only for clarity).
Generates buy and sell signals when a trend change is detected:
Buy Signal: HL after repeated LLs.
Sell Signal: LH after repeated HHs.
Fully customizable signal appearance: arrow type, circle, label, color, and size.
Adjustable minimum number of repeated highs or lows before a trend change triggers a signal.
Alerts built in for automated notifications when buy/sell signals occur.
Default Settings:
Optimized for a 10-minute chart.
Default “Min repeats before trend change” and pivot left/right bars are set for typical 10-min price swings.
User Customization:
Adjust the “Pivot Left Bars,” “Pivot Right Bars,” and “Min repeats before trend change” to match your trading style, chart timeframe, and volatility.
Enable pivot labels for visual clarity if desired.
Set alerts to receive notifications of trend changes in real time.
How to Use:
Apply the indicator to any chart and timeframe. It works best on swing-trading or trend-following strategies.
Watch for Buy/Sell signals in conjunction with your other analysis, such as volume, support/resistance, or other indicators.
Legal Disclaimer:
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Users should trade at their own risk and are solely responsible for any gains or losses incurred.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.