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).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.