OPEN-SOURCE SCRIPT

Market Structure HH, HL, LH and LL

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it calculates zig zag.This indicator identifies key market structure points — Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL) — using a configurable Zigzag approach. When a new HL or LH forms, it generates:

A suggested Entry level

A calculated Stop Loss (SL)

Three Take Profit (TP1, TP2, TP3) levels based on user-defined risk-reward ratios

The script shows only the most recent trade setup to keep the chart clean, and includes visual labels and alert options for both buy and sell conditions.

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