Mark Structure Show is building the market swing structure, minor and sub structure and marks all possible insignificant pivots This indicator is the alternative version of Mark Structure indicator, I had to create another indicator in order to avoid programming limitation of TreadingView. This version uses confirmation approach as confirming by body, it means every swing low/high is confirmed when the body (of newly creating swing low/high correspondingly) takes place and intercepts it. the same behaviour is with breaking structure its confirmed only by body. From trading prospective with this kind of approach we can easily detect manipulations (caused by sweeps) and disregard those manipulation as elements which are breaking the structure. so its extremely useful for those who are trading smart money price actions and basing on swing structure POI
it supports: - Marking all pivots with labels or join them continuously with trend lines. - Marking minor and sub structured swings with labels or join them continuously with trend lines. Marking last actual CHoCH and BOS. Minor and substructure are structures inside swing structure and it can differ from the structure of lower timeframe - Marking swings of swing structure with labels or join them continuously with trend lines. - Changing bullish and bearish colors of each kind of structures - Changing pivot labelings - Changing colors
Remarks: - Don't expect to have minor and sub structure in each swing waves, its totally fine when you don't have them at all - Swing structure is the most significant structure and shows real price direction. - The last swing is not able to be confirmed it tries to build 2 swings that most likely would be either substructure or SMS BOS
發布通知
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- added alerts on bos or choch tracing event - fixed minors bugs here and there
發布通知
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- minor fixes with alerts - added changing the text of the alert - added premium/discount zones
In fact the swing structure on the last Indicator was better and it was more important then this new Micro-Structure aproach. The older one solved the Zig Zag problem of considering HL or LH as swing points if they were formed before a break. If we could have a "Only Swing" version without micro structure would be the best Structure indicator on TV. Trust me i've searched for it.
MarkTools
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@Trader-Matthews, but u can simply turn off microstructure in the indicator settings
Moda-877
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It seems that the alert for New bos is not working, I've check the alert new bos but it's not triggering
Moda-877
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In the alt bos, which one is the best to use ? Thankyou
Mbos Last swing Last swing in sms Last swing but sms None
riririr2i0220i02r
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It is planned to change breaks "vos" that is with wick and not with body.
Moda-877
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How do I put an alert ? Do I put it like this New {bullish} {bos} on 30 Am I correct?
And could you add one alert for bullish and bearish?
Thanks
MarkTools
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@Mode_m-889, click ... next to Mark Structure Shdw indicator and then click Add alert on ... After that in the indicator settings you can active Alert New(happens when new BOS appears) or Alert Trace(happens when BOS is tested) {bullish} is a macros that is replaced with the direction name when alert takes place. its done in order to build your own msg to show in alert popup
Moda-877
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@TheOTCMECHANIC, thank you I was enlighten
MarkTools
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@Mode_m-889, about adding filter for bullish or bearish alerts I can add that if thats really needed
Moda-877
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@TheOTCMECHANIC, no need I was just confused if the alert only detects one parameters but it detects both, so no need thank you for this wonderful script