OPEN-SOURCE SCRIPT
Diupdate

Market Structure (DeadCat)

1โ€ฏ951
๐ŸŒŸ Market Structure (DeadCat) - Indicator Overview ๐ŸŒŸ

The Market Structure (DeadCat) indicator plots swing highs and lows (HH, HL, LH, LL) using pivot points, helping you spot uptrends, downtrends, and potential reversals. Perfect for traders who use market structure.

๐ŸŒŸ Key Features ๐ŸŒŸ

๐Ÿ”น Swing Point Labels

HH (Higher High): Signals uptrend strength.
HL (Higher Low): Marks bullish support.
LH (Lower High): Hints at weakening uptrend or reversal.
LL (Lower Low): Confirms downtrend momentum.

๐Ÿ”น Trend Detection
Uptrend: Tracks HH/HL for bullish momentum.
Downtrend: Tracks LH/LL for bearish momentum.

Waits for breaks of prior HH/HL or LH/LL to confirm new swing points, ensuring reliable signals. ๐Ÿ”„


๐Ÿ”น Customizable Labels

Adjust label text color (default: black) to suit your chart. Supports up to 500 labels for a clean, focused view. ๐Ÿ–Œ๏ธ

๐ŸŒŸ Indicator Settings ๐ŸŒŸ

Swing Length: Fixed at 20 bars (left) and 2 bars (right) for pivot detection.
Label Color: Customize text color for better visibility.
Catatan Rilis
Update - Option for user to select color

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.