[ICT Sebo Lite] Trend Point / HH/LH/HL/LL

Overview

This indicator identifies and labels structural trend points based on swing highs and swing lows. It classifies each confirmed swing as Higher High, Lower High, Higher Low or Lower Low, providing a clear visual representation of market structure directly on the chart.

The script is designed as a lightweight market structure reference tool and does not generate trade signals.

How it works

Swing highs and swing lows are detected using simple price turn conditions based on consecutive candle closes. When a directional change is confirmed, the indicator evaluates the current swing relative to the previous swing of the same type.

Each new swing is classified according to its relationship with the prior level. Swing highs are labeled as Higher High, Lower High or Equal High, while swing lows are labeled as Higher Low, Lower Low or Equal Low. Initial swings are used for reference and are not labeled.

Visualization

Trend points are plotted directly on the chart using small labels placed at the corresponding swing price. High-based labels are displayed above price, while low-based labels are displayed below price, allowing quick visual identification of structural changes.

The indicator updates dynamically as new swing points form and does not repaint previously confirmed labels.

Intended use

This tool supports market structure analysis, trend identification and contextual price interpretation. It is suitable for intraday and swing analysis and is intended to be used alongside broader market context and risk management.

Notes

This indicator does not predict price direction, does not provide entry or exit signals and is intended purely as a visual aid for structure recognition.