OPEN-SOURCE SCRIPT

Hierarchical High Low Structure

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This indicator identifies hierarchical market structure using three levels of swing highs and lows:

* **SH / SL** — Short-Term High / Low
* **MH / ML** — Mid-Term High / Low
* **LH / LL** — Long-Term High / Low

Each level is derived from the previous one using the same symmetrical pivot logic. The script also connects confirmed MH/LH and ML/LL points with an alternating structure line, keeping the more extreme point when multiple highs or lows appear consecutively.

Swing points are confirmed only after the required right-side structure forms, so labels are plotted back on the original pivot bar. This indicator is intended for market structure analysis, not as a standalone trading signal.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.