Inspired by the 'mentfx Structure' indicator created by Anton (mentfx) on TradingView, I have developed my own unique version of the market structure indicator, enhancing it with features that resonate with my personal trading style and offer additional insights into market behaviour.
In the spirit of Anton's original concept, my indicator incorporates the...
The indicator is designed to identify and track swing highs and lows in a given market on any timeframe, and display them on the chart as solid lines (the lines you see are denoting highs and lows). The lines are customizable in terms of color and width, as determined by the user input.
The rules for creating a new high or low are based on whether the current...