OPEN-SOURCE SCRIPT
업데이트됨 Studio: Market Structure (SMS)

📊 Studio Market Structure (SMS)
Studio Market Structure (SMS) is a price-action based market structure indicator designed to visually map swing highs, swing lows, and key structural levels for intraday trading, scalping, and trend analysis.
⭐ Purpose
The indicator helps traders understand:
Instead of relying on lagging indicators, SMS focuses purely on price structure, which institutions and professional traders follow.
🔎 What the Indicator Shows
✅ SH (Swing High) Levels
Identifies important resistance zones where selling pressure previously appeared.
✅ SL (Swing Low) Levels
Highlights support areas formed by market reactions.
✅ Structure Mapping
Higher Highs (HH)
Higher Lows (HL)
Lower Highs (LH)
Lower Lows (LL)
These levels extend forward to act as future reaction zones.
⚡ Key Advantages
Designed for 1-
Ideal for traders combining:
🧠 How To Use
Bullish Bias
Price holding above recent Swing Low
Break above Swing High → continuation setup
Bearish Bias
Price failing below Swing High
Breakdown of Swing Low → downside continuation
Best used with:
Volume confirmation
VWAP / Trend filters
Session timing filters
🎯 Recommended Timeframes
1m — Scalping
3m / 5m — Intraday
15m — Structure confirmation
⚠️ Notes
This indicator provides structural guidance, not financial advice.
Always use proper risk management.
👨💻 Developer
Inder Singh
🌐 indersingh.com
Studio Market Structure (SMS) is a price-action based market structure indicator designed to visually map swing highs, swing lows, and key structural levels for intraday trading, scalping, and trend analysis.
⭐ Purpose
The indicator helps traders understand:
- Market structure shifts
- Trend continuation vs reversal
- Support & resistance formation
- Liquidity zones created by swings
- Clean decision areas for entries and exits
Instead of relying on lagging indicators, SMS focuses purely on price structure, which institutions and professional traders follow.
🔎 What the Indicator Shows
✅ SH (Swing High) Levels
Identifies important resistance zones where selling pressure previously appeared.
✅ SL (Swing Low) Levels
Highlights support areas formed by market reactions.
✅ Structure Mapping
Higher Highs (HH)
Higher Lows (HL)
Lower Highs (LH)
Lower Lows (LL)
These levels extend forward to act as future reaction zones.
⚡ Key Advantages
Designed for 1-
- minute to intraday trading
- Removes chart noise
- Helps avoid fake breakouts
- Improves scalping timing
- Works across Index, Stocks, and Options
Ideal for traders combining:
- Price Action
- Breakout Trading
- Intraday Scalping
- Structure-based Strategies
🧠 How To Use
Bullish Bias
Price holding above recent Swing Low
Break above Swing High → continuation setup
Bearish Bias
Price failing below Swing High
Breakdown of Swing Low → downside continuation
Best used with:
Volume confirmation
VWAP / Trend filters
Session timing filters
🎯 Recommended Timeframes
1m — Scalping
3m / 5m — Intraday
15m — Structure confirmation
⚠️ Notes
This indicator provides structural guidance, not financial advice.
Always use proper risk management.
👨💻 Developer
Inder Singh
🌐 indersingh.com
릴리즈 노트
**📢 Studio Market Structure (SMS) — Release Notes Update**### ✅ New Features
* **Added Volume-Weighted EMA Magic Line**
A refined Magic Line that incorporates volume weighting to help identify clearer **profit-taking** and **stop-loss** zones.
* **Trend BOS Background Modes**
Background colors added for **BOS (Break of Structure) Up/Down trends**, enabling easier trend-based trading and faster visual confirmation.
### ⚠️ Important Usage Notes
* This indicator **must be used carefully** with proper **risk management** and awareness of potential **drawdowns**.
* Signals are **not guaranteed outcomes** and should always be confirmed with personal strategy rules.
* The indicator can be integrated for automation using **Algo APIs** through the **TradingView Webhook/Hook feature**.
---
*Designed for smarter trend participation, disciplined execution, and structured trade management.*
릴리즈 노트
📢 Studio: Market Structure (SMS)— Release Notes V1.3 Update🚀 New Features & Improvements
✅ Advanced Options for Algo / API Traders
Added dedicated controls and flexibility for automated trading workflows using API or webhook-based execution.
✅ ADX Threshold Filter
Introduced configurable ADX threshold.
Helps avoid trades during choppy / sideways markets.
Traders can define minimum trend strength before signals activate.
✅ Magic Line Stop-Loss & Profit Logic
Added dynamic stop-loss behavior based on the Magic Line:
In Buy Trend → Exit / Take Profit if candle closes below Magic Line.
In Sell Trend → Exit / Take Profit if candle closes above Magic Line.
Enables trend-based risk management instead of fixed SL levels.
✅ Time Cut-Off Logic
Added configurable position cut-off timing.
Automatically closes positions at a defined time based on timeframe.
Example:
1-Minute NSE Trading → Auto square-off at 3:29 PM IST.
⚠️ Important Note
This indicator must be used carefully with proper risk management and drawdown control.
Designed to support Algo/API trading, including TradingView webhook automation.
SMS Indicator continues evolving toward professional algorithmic trading workflows.
릴리즈 노트
📢 SMS Indicator — Release Notes Update✅ New Features Added
Added Fair Value Gap (FVG) Detection
Helps identify institutional imbalance zones and potential reaction areas for high-probability entries.
Added Volume Buy/Sell Analysis
Improved volume interpretation to better understand real buying and selling pressure regardless of candle color.
Added Tight Stop Loss Logic for Scalping
Optimized SL behavior designed specifically for 1-minute intraday scalping, helping reduce drawdowns and protect profits.
⚠️ Important Notes
This indicator must be used carefully with proper risk management and awareness of drawdowns. This is development version of existing indicator. Only advised for reference purpose.
Designed for discretionary traders as well as Algo/API traders.
Can be integrated with automated execution using TradingView Webhook → Broker API setups.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
⚡ Inder Singh | North Web Studio
Algo Trading • Pine Script • App Development
indersingh.com
Algo Trading • Pine Script • App Development
indersingh.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
⚡ Inder Singh | North Web Studio
Algo Trading • Pine Script • App Development
indersingh.com
Algo Trading • Pine Script • App Development
indersingh.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.