Market Structure Break with Retest (Multi-timeframe)

1月9日

Introduction

Analyzing market structure breakouts (MSB) is extremely important, especially for determining trend reversal points. This Pine Script™ detects MSB points in a given time frame and visualizes potential retest zones. It also creates boxes and labels to support buy-sell decisions in these zones.

This script aims to simplify the market analysis process for both beginners and advanced users.

---

Features

1. Timeframe Selection: The user can specify the timeframe he/she wants to analyze.

2. Highs and Lows: Dynamically calculates the highest and lowest prices in the specified time frame.

3. Market Structure Breakout (MSB):

"Bullish Break" when the price exceeds the previous high.

"Bearish Break" when the price falls below the previous low.

4. Retest Zones: Checks whether the price has returned to these levels after the MSB and labels these areas.

5. Visualization:

Draws boxes for breakout zones.

Marks retest points with dynamic labels.

6. Customizability: The user can customize the colors of the boxes, line thickness and analysis period.

---

Areas of Use

Support and Resistance Detection: Ideal for analyzing how the price moves in important support and resistance zones.

Capturing Trend Reversals: Can be used to detect the starting points of uptrends and downtrends.

Retest Strategies: Supports trading decisions by observing the price return to these levels after the breakout.

---

Code Logic

1. Highest and Lowest Prices in Timeframe:

Calculates the highest and lowest prices in the specified timeframe according to the length parameter.

2. Breakout Detection:

Check if the price has broken past the previous high or low.

3. Box and Labels:

Boxes are dynamically created after the breakout.

Labels appear in the retest zones:

4. Customization: User can easily adjust box colors, line thickness and analysis period:

Customize the analysis period and colors according to your own trading strategy.

---

Conclusion

This script helps you optimize your trading strategies by visualizing market structure breakouts and retest zones. It offers a powerful analysis tool with dynamic structure and customizable settings suitable for timeframes.

Start using this tool now to develop new strategies in TradingView and make more informed trading decisions!

1月11日

版本注释

TradingView Indicator: Retest and Fake Move Updates

Introduction

The "Market Structure Break with Retest (Multi-timeframe)" indicator published on TradingView provides users with important information by analyzing market structure breakouts and retest zones. However, if fake breakouts and retest movements that are frequently seen in the market are ignored, false signals may occur. This article explains the importance of retest and fake move updates added to the indicator and how they work.

What is Fake Breakout and Retest?

Fake Breakout:
A price movement that breaks above or below a price level but cannot sustain it. This movement usually occurs as a result of market manipulation and creates a trap.

Retest:
A critical support or resistance level that the price breaks and then retests. Retest movements help the market confirm this level and are often where big players establish their positions.

Details of the Updates Made

1. Fake Breakout Detection

Fake breakout detection identifies scenarios where the price breaks the broken box lines and makes a return. These movements usually indicate a trap. In the code, fake breakouts are checked as follows:

Bullish Fake Breakout: The price first breaks the upper limit of the box but then immediately pulls back.

Bearish Fake Breakout: The price first breaks the lower limit of the box but then immediately pulls back.

2. Retest Movement Detection

Retest movements are detected when the price returns to the box. The code checks these scenarios with separate logic for both bullish and bearish retests:

Bullish Retest: The price touches the lower limit of the box and goes back up.

Bearish Retest: The price touches the upper limit of the box and goes back down.

User Benefits

Protection from Manipulations: Fake breakout analysis protects users from market manipulations and reduces the risk of false signals.

Reliable Retest Levels: Clear display of retest levels helps confirm suspicious movements.

Visual and Clear Analysis: Fake breakout and retest labels can be instantly recognized on the chart and help make quick decisions on trades.

Conclusion

The fake breakout and retest detection functions added to the TradingView indicator help you make more informed trading decisions by reducing market chaos. These innovations allow both beginners and experienced traders to better understand the market structure.

1月11日

版本注释

TradingView Indicator: Retest and Fake Move Updates

Introduction

The "Market Structure Break with Retest (Multi-timeframe)" indicator published on TradingView provides users with important information by analyzing market structure breakouts and retest zones. However, if fake breakouts and retest movements that are frequently seen in the market are ignored, false signals may occur. This article explains the importance of retest and fake move updates added to the indicator and how they work.

What is Fake Breakout and Retest?

Fake Breakout:
A price movement that breaks above or below a price level but cannot sustain it. This movement usually occurs as a result of market manipulation and creates a trap.

Retest:
A critical support or resistance level that the price breaks and then retests. Retest movements help the market confirm this level and are often where big players establish their positions.

Details of the Updates Made

1. Fake Breakout Detection

Fake breakout detection identifies scenarios where the price breaks the broken box lines and makes a return. These movements usually indicate a trap. In the code, fake breakouts are checked as follows:

Bullish Fake Breakout: The price first breaks the upper limit of the box but then immediately pulls back.

Bearish Fake Breakout: The price first breaks the lower limit of the box but then immediately pulls back.

2. Retest Movement Detection

Retest movements are detected when the price returns to the box. The code checks these scenarios with separate logic for both bullish and bearish retests:

Bullish Retest: The price touches the lower limit of the box and goes back up.

Bearish Retest: The price touches the upper limit of the box and goes back down.

User Benefits

Protection from Manipulations: Fake breakout analysis protects users from market manipulations and reduces the risk of false signals.

Reliable Retest Levels: Clear display of retest levels helps confirm suspicious movements.

Visual and Clear Analysis: Fake breakout and retest labels can be instantly recognized on the chart and help make quick decisions on trades.

Conclusion

The fake breakout and retest detection functions added to the TradingView indicator help you make more informed trading decisions by reducing market chaos. These innovations allow both beginners and experienced traders to better understand the market structure.

1月15日

版本注释

1. minor bugs fixed

2. MSB volume requirement added for breakdown