OPEN-SOURCE SCRIPT
OBS and FVGS
Simple market structure and ides
Uptrend (Bullish): Characterized by a series of higher highs (HH) and higher lows (HL).
Downtrend (Bearish): Identified by lower lows (LL) and lower highs (LH).
Consolidation (Sideways): The market moves within a range, often before a large move, representing an accumulation or distribution phase.
Structure Components: Involves identifying key swing highs (peak before a down move) and swing lows (trough before an up move).
Uptrend (Bullish): Characterized by a series of higher highs (HH) and higher lows (HL).
Downtrend (Bearish): Identified by lower lows (LL) and lower highs (LH).
Consolidation (Sideways): The market moves within a range, often before a large move, representing an accumulation or distribution phase.
Structure Components: Involves identifying key swing highs (peak before a down move) and swing lows (trough before an up move).
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