Higher Timeframe Market Structure

4 Jun

HTF Market Structure – ZigZag, Break of Structure & Supply/Demand

This powerful indicator is designed to identify higher-timeframe market structure using a combination of ZigZag patterns, Break of Structure (BOS) signals, and Supply/Demand zones.

Key Features:

• Automatic detection of Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH)
  
• Internal structure shifts based on Open or High/Low logic
  
• Supply and Demand zones plotted on the chart
  
• Break of Structure (BOS) lines with optional alerts
  
• Mitigation logic to mark or delete invalidated order blocks
  
• Customizable aggregation factor to view higher time frame structure on lower time frames
  

How to Use:

• Focus on market structure and BOS to understand the current trend.
  
• Watch for internal shifts as early signals of potential reversals.
  
• Use ZigZag lines to connect swing highs and lows to visualize market rhythm.
  
• Supply zones (red) and Demand zones (green) are automatically drawn after structure breaks:
  
  • Use Demand Zones in Bullish Markets for the highest probability entries.
    
  • Use Supply Zones in Bearish Markets to align with the prevailing trend.
    

Best Practices:

• Only use Demand Zones in Bullish markets and Supply Zones in Bearish markets for optimal results.
  
• Look for price action or reversal signals within these zones to refine your entries.
  
• Enable alerts to get notified on:
  
  • New order blocks
    
  • Internal shifts
    
  • BOS events
    
  • HH, HL, LL, LH formations
    
  • Liquidity sweeps
    

Customization Options:

• Aggregation Factor: Control how many candles are grouped for structure analysis.
  
• Zone Duration: Define how length of plotted zones.
  
• Mitigation Settings: Automatically delete or fade zones after mitigation.
  
• Colors: Choose custom colors for bullish and bearish zones and structure markers.
  

This tool is ideal for traders who rely on price action, structure, and smart money concepts. Combine it with your own S&D strategy or integrate it with other confluence tools for even better precision.

4 Jun

Catatan Rilis

Updated vocab in input

4 Jun

Catatan Rilis

Alerts updated to reflect correct vocabulary

5 Jun

Catatan Rilis

Internal shift calculation logic updated for accuracy on lower-fractal timeframes

5 Jun

Catatan Rilis

Input vocabulary updated

5 Jun

Catatan Rilis

Added "any alert() function call"

5 Jun

Catatan Rilis

Darker internal shift triangles for visual clarity

5 Jun

Catatan Rilis

Alert fix

7 Jun

Catatan Rilis

Zone invalidation updated- no invalidation until Aggregated value closes beyond zone

9 Jun

Catatan Rilis

Alert conditions updated

16 Jun

Catatan Rilis

Line color, width and style are now modifiable.

19 Jun

Catatan Rilis

Max buffer offset input added- if historical offset exceeds max and you get an error, use this and set to max buffer shown in error message

19 Jun

Catatan Rilis

Updated limiter default

20 Jun

Catatan Rilis

Uses Higher timeframes directly instead of aggregated bars

20 Jun

Catatan Rilis

max history offset true by default

20 Jun

Catatan Rilis

HtfBarIndex variable added for closing accuracy

24 Jun

Catatan Rilis

Bug fixes and visual improvements