PROTECTED SOURCE SCRIPT
Relevant Lows
Relevant Low (RL) is a market structure indicator designed to identify and track relevant swing lows based on price action and mitigation logic.
The script detects valid swing lows using a configurable lookback, then follows their evolution through multiple structural states (from formation to validation or invalidation).
A swing low becomes relevant when:
An opposite swing high is formed,
The pullback does not exceed a user-defined mitigation gap,
Price breaks above the opposite swing high.
Once confirmed, the indicator plots a horizontal Relevant Low level on the chart and dynamically extends it until price invalidates it.
Key features:
Configurable swing lookback length
Adjustable mitigation gap threshold
Automatic state-based validation (formation → confirmation → invalidation)
Optional visualization of confirmed Relevant Low levels
This tool is intended for traders focusing on market structure, liquidity, and price validation, and can be used as a support level or contextual bias in discretionary or systematic strategies.
The script detects valid swing lows using a configurable lookback, then follows their evolution through multiple structural states (from formation to validation or invalidation).
A swing low becomes relevant when:
An opposite swing high is formed,
The pullback does not exceed a user-defined mitigation gap,
Price breaks above the opposite swing high.
Once confirmed, the indicator plots a horizontal Relevant Low level on the chart and dynamically extends it until price invalidates it.
Key features:
Configurable swing lookback length
Adjustable mitigation gap threshold
Automatic state-based validation (formation → confirmation → invalidation)
Optional visualization of confirmed Relevant Low levels
This tool is intended for traders focusing on market structure, liquidity, and price validation, and can be used as a support level or contextual bias in discretionary or systematic strategies.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。