Combined Cluster & Market Structure

I barrowed code from the Mxwll Price Action Suite [Mxwll] script as appreciated the structure in which the script defined structure, however I renamed variables and reduced the original script to define only the outer structure. I added volume and CVD clustering to define ranges and initiation market structures and add the ADX to assist with determining trend strength prior to labeling market structure breaks.

Combined Cluster & Market Structure indicator, a powerful and comprehensive tool for technical analysis. This script integrates two core concepts to provide a holistic view of market dynamics:

Z-Score Clustering & Volume Analysis: The indicator calculates Z-scores for both volume and Cumulative Volume Delta (CVD) to categorize market activity into six distinct clusters:

High-Conviction Bullish/Bearish: Signals of strong directional momentum based on high volume and corresponding CVD.

Effort vs. Result: High volume with moderate CVD, suggesting potential indecision or absorption.

Quiet Accumulation/Distribution: Low-volume periods with strong CVD, often preceding major moves.

Low Conviction/Noise: Represents periods of low market participation and weak signals.
These clusters are visually marked on the chart to provide real-time insight into market sentiment.

Market Structure Mapping: The indicator automatically detects and labels significant structural points to help you navigate price action. It identifies:

Higher Highs (HH) and Lower Lows (LL) to show the primary trend direction.

Breaks of Structure (BoS), indicating trend continuation.

Changes of Character (CHoCH), signaling a potential trend reversal.

Additionally, the script features consolidation box detection, which automatically highlights periods of low-conviction market activity, helping you avoid choppy, sideways markets. An integrated ADX filter ensures that structural breaks are only labeled during periods of strong trend strength, reducing false signals.

I want to thank Mxwll Capital for their contribution to the Combined Cluster & Market Structure indicator.