Multi Market Structure Confirmation Indicator

🔧 Overview

The Multi Confluence Indicator (MCI) is a sophisticated all-in-one Pine Script tool designed for intraday and swing traders. It combines multiple leading and lagging indicators into a single chart overlay. MCI aims to identify key confluence zones for decision-making by integrating CPR levels, trend indicators, volume profiles, divergence signals, market structure, and more.

📋 Indicator Components
CPR (Central Pivot Range)

• Daily CPR, Tomorrow’s CPR, Weekly CPR, and Historical CPR.
  
• Includes support/resistance (S1–S3, R1–R3).
  
• Color-coded with clear labeling.
  
• Accounts for weekends and holidays (manually defined).
  
• Option to show: Previous Day’s High/Low/Close and Weekly R3/S3
  

How to interpret: CPR is used to define price bias (bullish above, bearish below) and high-probability bounce zones.

Trend Indicators
Supertrend

• ATR-based trend-following system.
  
• Buy/Sell signals with labels.
  
• Customizable multiplier and length.
  

Parabolic SAR

• Trend-following reversal system.
  
• Labels and shapes are optionally displayed.)
  

XTrend (Super Xtrend)

• Custom smart-trend logic with ATR channels.
  
• Buy/sell arrows and alerts on trend changes.
  

How to interpret: Use for trend confirmation and early entries/exits.

RSI + Bar Coloring

• RSI calculated and bars colored based on overbought, oversold, very overbought, and very oversold thresholds.
  
• Colors: green (buy), red (sell), white/yellow (extremes).
  

How to interpret: Visualizes internal strength or weakness of candles.

MACD Trend Ribbon
Single MACD signal plotted as a ribbon at the bottom.
Ribbon color reflects MACD trend state (rising/falling).

Order Blocks (SonarLab-inspired)

• Bullish and Bearish OBs.
  
• Sensitivity control.
  
• Cleaned up upon mitigation.
  
• Alerts when price enters OB zones.
  

How to interpret: Institutional footprints; look for entries in OB zones after mitigation.

Market Structure + MSB

• Market structure shifts using zigzag logic.
  
• Identifies bullish/bearish break of structure (MSB).
  
• Automatically labels Bu-OB, Be-OB (Order Blocks) / Bu-BB, Be-BB (Breakout Blocks)
  

How to interpret: Detect structural trend changes, use for breakout confirmation.

RSI Divergence

• Detects and plots Bullish/Bearish divergence with up/down arrows and from level 1 to 5 divergence strength.
  
• Smart line cleanup to avoid clutter.
  

How to interpret: Reversal warning zones, especially in confluence with other tools.

Volume Profile (Price-by-Volume)

• Horizontal volume histogram over defined lookback.
  
• Up/down volume
  
• Bull/bear strength
  
• Point of Control (PoC)
  
• Price levels
  

How to interpret: Identify price acceptance/rejection zones and fair value.

Volume Histogram

• Plots vertical histogram (top/bottom).
  
• Includes volume moving average overlay.
  
• Volume-weighted bar coloring (optional).
  

Settlement Levels

• Daily volatility-based standard deviation bands.
  
• Based on historical volatility (HV).
  
• Support for up to ±2.5 SD.
  
• Custom source and lookback period.
  

How to interpret: Use as dynamic intraday range bounds for mean-reversion or breakout strategies.

EMA Offset

• Plots a forward/backward-shifted EMA.
  
• Useful for visualizing lag or future projections.
  

⚠️ Alerts
The script includes TradingView alert conditions for:

• Supertrend direction change
  
• PSAR direction change
  
• XTrend buy/sell
  
• OB entry (Bullish/Bearish)
  
• Market Structure Break (MSB)
  

You can create alerts using these by selecting the script under the “Create Alert” panel and choosing from the dropdown conditions.