OPEN-SOURCE SCRIPT
Structure Participation Matrix [MQLSoftware]
OVERVIEW
Structure Participation Matrix turns confirmed structure breaks into auditable records. It shows price-travel and chart-feed participation context, then compares endpoints across frozen score buckets. Each record has four readings, a score, and one delayed observation. It is research, not entries, stops, targets, sizing, execution, or forecasts.
Its distinct contribution is the complete frozen event ledger: strict delayed pivots, four disclosed measurements fixed at the break close, explicit UNSCORED handling, and one outcome check aggregated by frozen bucket. It links structure, participation, and later observation rather than merely combining standard indicators.
CONCEPTS
Strict symmetric pivots require a unique extreme on both sides; ties are rejected. A pivot becomes eligible only after its full right-side delay. A break requires a confirmed close beyond the armed level plus the ATR buffer; a wick alone is not an event.
Four 0-100 components freeze at that close. PATH measures displacement against the leg's total path. CLOSE averages directional close location over its final bars. REL VOL compares average leg volume with a rolling median. BALANCE weights volume by close location. The fixed score is 30% EFF/PATH, 25% CLOSE, 25% RVOL/REL VOL, and 20% BAL/BALANCE, normalized once for displays, buckets, and alerts.
RVOL uses reported or tick volume; BAL is an OHLCV proxy. They are not bid/ask delta, order flow, or a footprint; neither proves participant identity or predicts future behavior. Missing leg volume or bounded history makes an event UNSCORED and excludes it from bucket statistics.
After exactly N confirmed bars, the close is checked once. HELD N means the endpoint is beyond the broken level; FAILED N means it is not. HELD does not mean price stayed beyond the level throughout. The result is fixed.
FEATURES
HOW TO USE
Start with defaults. Higher Strict Swing Strength gives fewer pivots and a longer delay. Break Buffer sets the required closing distance in ATR units. Maximum Measured Leg Bars bounds history; an older leg remains a visible UNSCORED break.
Read the latest label first. In the rail, PATH describes travel efficiency; CLOSE, final-bar commitment; VOL, relative chart activity versus baseline; and BAL, a directional OHLCV proxy. The score summarizes a frozen event, not an instruction or probability.
The newest event keeps its expanded label and rail. Older events become compact labels; Historical Detailed Rails restores detail. Visual switches and retention affect drawings only, not calculations, counts, or alerts.
The matrix uses events recalculated from the history currently loaded on the chart. Counts and rates change with symbol, timeframe, inputs, or the history boundary. Small buckets remain collecting. HELD N rates are historical endpoint observations, not future estimates.
CONCLUSION
The result is an inspectable break record with transparent measurements, compact history, one timed outcome, and visible data limits.
Structure Participation Matrix turns confirmed structure breaks into auditable records. It shows price-travel and chart-feed participation context, then compares endpoints across frozen score buckets. Each record has four readings, a score, and one delayed observation. It is research, not entries, stops, targets, sizing, execution, or forecasts.
Its distinct contribution is the complete frozen event ledger: strict delayed pivots, four disclosed measurements fixed at the break close, explicit UNSCORED handling, and one outcome check aggregated by frozen bucket. It links structure, participation, and later observation rather than merely combining standard indicators.
CONCEPTS
Strict symmetric pivots require a unique extreme on both sides; ties are rejected. A pivot becomes eligible only after its full right-side delay. A break requires a confirmed close beyond the armed level plus the ATR buffer; a wick alone is not an event.
Four 0-100 components freeze at that close. PATH measures displacement against the leg's total path. CLOSE averages directional close location over its final bars. REL VOL compares average leg volume with a rolling median. BALANCE weights volume by close location. The fixed score is 30% EFF/PATH, 25% CLOSE, 25% RVOL/REL VOL, and 20% BAL/BALANCE, normalized once for displays, buckets, and alerts.
RVOL uses reported or tick volume; BAL is an OHLCV proxy. They are not bid/ask delta, order flow, or a footprint; neither proves participant identity or predicts future behavior. Missing leg volume or bounded history makes an event UNSCORED and excludes it from bucket statistics.
After exactly N confirmed bars, the close is checked once. HELD N means the endpoint is beyond the broken level; FAILED N means it is not. HELD does not mean price stayed beyond the level throughout. The result is fixed.
FEATURES
- Confirmed BREAK UP and BREAK DOWN events
- Latest-event PATH, CLOSE, VOL, BAL rail
- LOW, MODERATE, HIGH, and VERY HIGH score bands
- HELD N or FAILED N endpoint checks
- Sample-aware count and held-at-N rate by bucket
- Break, direction, score-60+, and outcome alerts
HOW TO USE
Start with defaults. Higher Strict Swing Strength gives fewer pivots and a longer delay. Break Buffer sets the required closing distance in ATR units. Maximum Measured Leg Bars bounds history; an older leg remains a visible UNSCORED break.
Read the latest label first. In the rail, PATH describes travel efficiency; CLOSE, final-bar commitment; VOL, relative chart activity versus baseline; and BAL, a directional OHLCV proxy. The score summarizes a frozen event, not an instruction or probability.
The newest event keeps its expanded label and rail. Older events become compact labels; Historical Detailed Rails restores detail. Visual switches and retention affect drawings only, not calculations, counts, or alerts.
The matrix uses events recalculated from the history currently loaded on the chart. Counts and rates change with symbol, timeframe, inputs, or the history boundary. Small buckets remain collecting. HELD N rates are historical endpoint observations, not future estimates.
CONCLUSION
The result is an inspectable break record with transparent measurements, compact history, one timed outcome, and visible data limits.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
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🟣 New tools, releases & updates:
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MQLSoftware — trading analysis tools & indicators.
mqlsoftware.com/account/
🟣 New tools, releases & updates:
t.me/mqlsoftware_official
MQLSoftware — trading analysis tools & indicators.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
🟣 Free tools, guides & product resources:
mqlsoftware.com/account/
🟣 New tools, releases & updates:
t.me/mqlsoftware_official
MQLSoftware — trading analysis tools & indicators.
mqlsoftware.com/account/
🟣 New tools, releases & updates:
t.me/mqlsoftware_official
MQLSoftware — trading analysis tools & indicators.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.