Market Structure

2020년 1월 18일

Market Structure

The Market Structure is important to be able to establish areas of rejection or possible break,
to determine channels, points of possible reversals or trend breaks.
So we can use them as support and resistance zones for stoploss and take profit.

- This indicator will automatically show the market structure.

- Allows you to calculate the levels with the closing of the candles as well as with the highs and lows

- You can change the number of levels on the screen with the intensity adjustment

- Extended levels are shown as well as at the end of the graph to avoid noise when making technical analysis

- Visually you can modify the style, color, thickness of the level lines

- This indicator is multi-time, so you can check the structure of other temporalities, for example see the levels corresponding to 1D while the graph is H4

- Green lines are the resitance levels and red lines are support levels, these will automatically change color according to the current price

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