Market Structure (DeadCat)

🌟 Market Structure (DeadCat) - Indicator Overview 🌟

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.

🌟 Key Features 🌟

🔹 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.

🔹 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. 🔄

🔹 Customizable Labels

Adjust label text color (default: black) to suit your chart. Supports up to 500 labels for a clean, focused view. 🖌️

🌟 Indicator Settings 🌟

Swing Length: Fixed at 20 bars (left) and 2 bars (right) for pivot detection.
Label Color: Customize text color for better visibility.

版本注释

Update - Option for user to select color

开源脚本

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DeadCatCode

免责声明

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开源脚本

DeadCatCode