Market Structure [odnac]

This indicator is a comprehensive tool designed for traders utilizing Smart Money Concepts (SMC) and Price Action. It automatically identifies and labels significant market structure shifts, specifically BOS (Break of Structure) and CHoCH (Change of Character), helping you stay on the right side of the trend.

Dual Logic Modes (V1 & V2):

1. V1 (Fixed Pivot): Only utilizes confirmed pivot points. Ideal for conservative traders looking for major swing levels.
2. V2 (Dynamic Update): Automatically updates swing points to the actual highest high or lowest low between breaks. This provides a more fluid and accurate representation of price flow.

Smart Confirmation: Unlike basic pivot scripts, this indicator uses a multi-bar confirmation logic (checking candle polarity and close sequences) to filter out market noise and false pivots.

Automatic Trend Detection: The indicator tracks the current market bias (Bullish/Bearish) and visualizes it through customizable background colors or shapes.

Clear Visual Cues: * BOS: Indicates a continuation of the current trend.

CHoCH: Signals a potential trend reversal.

Identify Trend Direction: Use the background coloring or the shapes at the bottom to quickly identify if the market is in a Bullish (Green) or Bearish (Red) phase.

Look for Structure Breaks: * When price breaks a previous high/low, the indicator will draw a line and label it as BOS if the trend continues, or CHoCH if the trend flips.

Customize for Your Assets: * For volatile assets like XLM or other cryptocurrencies, you can adjust the Swing Left/Right Bars inputs to filter for either micro-structures or macro-trends.

Version: Choose between V1 (Strict Pivots) and V2 (Dynamic Ranges).

Swing Left/Right Bars: Determines the sensitivity of high/low detection. Increase these values to find "stronger" structural points.

Trend Visualization: Toggle between Background fills, Shape markers at the bottom, or None for a cleaner look.

Show Swings: Toggle the visibility of the white circles marking confirmed pivot points.

Market structure is a lagging indicator by nature as it requires confirmation. Always use this tool in conjunction with other technical analysis methods (Order Blocks, Fair Value Gaps, or Volume) for the best results.