PROTECTED SOURCE SCRIPT
已更新 Break Levels – Peaks and Valleys – Market Structure
Description
An experimental script, designed as a visual aid, to highlight two consecutive green candles after a red candle, and two consecutive red candles after a green candle. We can assume these formations to be potential candidates as an origin of a peak and valley. The highest point of the 1st red candle and lowest point of the 1st green candle is to be considered as break levels.
How to use
Expect attacks/tests or a break of these levels in the future. A solid break through these levels may produce a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break.
By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
Alerts are added for either a candle close or wick through the levels. For the alerts the script only trails the latest high and low break levels.
This can be used as an alternative to those who use fractals for market structure.
Indicator in use
An experimental script, designed as a visual aid, to highlight two consecutive green candles after a red candle, and two consecutive red candles after a green candle. We can assume these formations to be potential candidates as an origin of a peak and valley. The highest point of the 1st red candle and lowest point of the 1st green candle is to be considered as break levels.
How to use
Expect attacks/tests or a break of these levels in the future. A solid break through these levels may produce a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break.
By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
Alerts are added for either a candle close or wick through the levels. For the alerts the script only trails the latest high and low break levels.
This can be used as an alternative to those who use fractals for market structure.
Indicator in use
版本注释
version update受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。