OPEN-SOURCE SCRIPT
TMT Market Structure
1. Automatic Trendlines
Added both Short-Term Trendlines and Long-Term Trendlines.
These are controlled in the new Trendlines settings group, where you can adjust the "Pivot Length" for both. The shorter the length (default 5), the closer it tracks recent price action. A longer length (default 15) filters for larger macroeconomic swings.
The trendlines extend dynamically to the right and automatically clean up historical lines to keep the chart clutter-free.
2. Sideways Market Zones (Boxes)
The indicator now detects periods of consolidation when price struggles to create new structure breaks (failing to make a higher high or lower low beyond the ATR filter constraint).
When this triggers, it draws a yellow Range Box stretching from the highest point to the lowest point of the local structure and extends it forward in time until price breaks out.
3. Breakout Signals
Once the price definitively closes outside of the Sideways Range Box (incorporating your ATR noise filter so it ignores fake wick-outs), the indicator closes the box.
It prints "BRK UP" (Breakout Up) or "BRK DN" (Breakout Down) on the chart.
Corresponding breakout alerts (Range breakout UP & Range breakout DOWN) have been added to the script so you can get notified precisely when a consolidation period ends.
Added both Short-Term Trendlines and Long-Term Trendlines.
These are controlled in the new Trendlines settings group, where you can adjust the "Pivot Length" for both. The shorter the length (default 5), the closer it tracks recent price action. A longer length (default 15) filters for larger macroeconomic swings.
The trendlines extend dynamically to the right and automatically clean up historical lines to keep the chart clutter-free.
2. Sideways Market Zones (Boxes)
The indicator now detects periods of consolidation when price struggles to create new structure breaks (failing to make a higher high or lower low beyond the ATR filter constraint).
When this triggers, it draws a yellow Range Box stretching from the highest point to the lowest point of the local structure and extends it forward in time until price breaks out.
3. Breakout Signals
Once the price definitively closes outside of the Sideways Range Box (incorporating your ATR noise filter so it ignores fake wick-outs), the indicator closes the box.
It prints "BRK UP" (Breakout Up) or "BRK DN" (Breakout Down) on the chart.
Corresponding breakout alerts (Range breakout UP & Range breakout DOWN) have been added to the script so you can get notified precisely when a consolidation period ends.
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Tradingmientrung
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Tradingmientrung
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。