OPEN-SOURCE SCRIPT
Market Structure by GreenSquad
Market Structure
This indicator maps price structure using confirmed swing pivots rather than candle closes.
Swings are validated using a symmetric lookback window, meaning a high or low is only accepted after both left and right side confirmation. This avoids repainting and ensures structure reflects actual auction completion instead of intrabar noise.
Each new pivot is classified relative to the previous one:
Higher High (HH) → continuation strength
Higher Low (HL) → bullish pullback
Lower High (LH) → bearish pullback
Lower Low (LL) → continuation weakness
From these sequences a persistent market state is derived:
HH following HL → Bullish trend
LL following LH → Bearish trend
Opposite break → Change of Character (transition phase)
No progression → Range environment
A zig-zag backbone connects confirmed pivots to visualize the true path of price movement.
Additionally, the indicator measures volatility using ATR relative to its average:
Expansion → impulsive conditions, breakouts more likely
Compression → contraction, expansion likely upcoming
The dashboard summarizes:
market state, last structural event, volatility regime, and statistically favorable trading bias (pullbacks in trend, reversals in transition).
The tool is designed as a context filter — not a signal generator — helping traders align entries with confirmed auction structure rather than reacting to individual candles.
This indicator maps price structure using confirmed swing pivots rather than candle closes.
Swings are validated using a symmetric lookback window, meaning a high or low is only accepted after both left and right side confirmation. This avoids repainting and ensures structure reflects actual auction completion instead of intrabar noise.
Each new pivot is classified relative to the previous one:
Higher High (HH) → continuation strength
Higher Low (HL) → bullish pullback
Lower High (LH) → bearish pullback
Lower Low (LL) → continuation weakness
From these sequences a persistent market state is derived:
HH following HL → Bullish trend
LL following LH → Bearish trend
Opposite break → Change of Character (transition phase)
No progression → Range environment
A zig-zag backbone connects confirmed pivots to visualize the true path of price movement.
Additionally, the indicator measures volatility using ATR relative to its average:
Expansion → impulsive conditions, breakouts more likely
Compression → contraction, expansion likely upcoming
The dashboard summarizes:
market state, last structural event, volatility regime, and statistically favorable trading bias (pullbacks in trend, reversals in transition).
The tool is designed as a context filter — not a signal generator — helping traders align entries with confirmed auction structure rather than reacting to individual candles.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
May the Green Spirit be with You ❇️💚
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
May the Green Spirit be with You ❇️💚
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.