OPEN-SOURCE SCRIPT

LW Structure

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This easy and intuitive tool can be helpful to capture market trends.
This indicator marks the max and the min generated from the price with labels. The green labels are for the max peak and the red label for the min peak. This tool is inspired to the Larry Williams technique to easily catch the trend basing on the decreasing maximums and increasing mininums of the market structure.

Drawing inspiration from the Larry Williams approach, the LW Structure Indicator simplifies the process of recognizing trend patterns through the lens of market structure dynamics.

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