OPEN-SOURCE SCRIPT
5Fractal ByRoN
Simple Fractal Structure
A minimalistic fractal indicator designed to help traders clearly visualize market structure.
This script was created to provide a clean and distraction-free way to identify swing highs and swing lows directly on the chart. Instead of relying on complex structure indicators, this tool focuses on a single concept: clear fractal swing points.
What the indicator does
The indicator automatically marks:
• Fractal Highs – potential swing highs
• Fractal Lows – potential swing lows
These points allow traders to easily identify key structural elements such as:
• Higher Highs (HH)
• Higher Lows (HL)
• Lower Highs (LH)
• Lower Lows (LL)
By highlighting these swing points, traders can better analyze:
• Market structure
• Break of Structure (BOS)
• Market Structure Shifts (MSS)
• Potential liquidity zones
Why this indicator was created
While working across different devices, I experienced usability limitations with built-in drawing tools and icon sets. Because of this, I decided to create a simple custom fractal indicator that reliably marks structural swing points without adding unnecessary complexity.
The goal of this tool is to remain lightweight, simple, and visually clean, allowing traders to focus on price action rather than cluttered signals.
Important note
This indicator does not generate buy or sell signals.
It is designed purely as a structural reference tool for traders who analyze price action and market structure.
A minimalistic fractal indicator designed to help traders clearly visualize market structure.
This script was created to provide a clean and distraction-free way to identify swing highs and swing lows directly on the chart. Instead of relying on complex structure indicators, this tool focuses on a single concept: clear fractal swing points.
What the indicator does
The indicator automatically marks:
• Fractal Highs – potential swing highs
• Fractal Lows – potential swing lows
These points allow traders to easily identify key structural elements such as:
• Higher Highs (HH)
• Higher Lows (HL)
• Lower Highs (LH)
• Lower Lows (LL)
By highlighting these swing points, traders can better analyze:
• Market structure
• Break of Structure (BOS)
• Market Structure Shifts (MSS)
• Potential liquidity zones
Why this indicator was created
While working across different devices, I experienced usability limitations with built-in drawing tools and icon sets. Because of this, I decided to create a simple custom fractal indicator that reliably marks structural swing points without adding unnecessary complexity.
The goal of this tool is to remain lightweight, simple, and visually clean, allowing traders to focus on price action rather than cluttered signals.
Important note
This indicator does not generate buy or sell signals.
It is designed purely as a structural reference tool for traders who analyze price action and market structure.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.