Warning! This section will be deprecated on February 1st 2025. Please move all your Indicators to the cTrader Store catalogue.
An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description
The REA_Structure_HHLL was created to identify and classify every maximum and minimum, to better recognize the current market structure (in the current timeframe es: M5). It also includes the external structure of a second timeframe (eg: H1) set in the parameters.
In addition, it allows you to view all the structure breaks (Bos) and the character changes (choch) of the structure.
Funzionalità
- Higher High (HH), Higher Low (HL), Lower Low (LL), Lower High (LH) of the current structure.
- Higher High (HH - ST), Higher Low (HL - ST), Lower Low (LL - ST), Lower High (LH - ST) of the external structure (according to timeframe in parameters).
- Structure breaks (Bos) green dashed lines for upside breaks, red for downside breaks.
- Character changes (choch) green continuous lines for upward changes, red for downward changes.
Parametri:
- Look Back Period: Set the minimum number of candles to be analyzed to confirm a maximum or minimum (Default: 6)
- Use Second TF: Set Yes if you want to display the external structure of the second timeframe.
- Second TF: Set the second timeframe you want to display the external structure on.
- Bos: Set to Yes to display Structure breaks (Bos)
- Choch. Set to Yes to display character changes (ChoCh)
The author decided to hide the source code.
REAVOLUTION
Joined on 18.11.2022
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: REA_Structure_HHLL.algo
- Rating: 5
- Installs: 1092
- Modified: 18/04/2024 12:23
Note that publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section, please use the Copyright Infringement Notification form to submit a claim.
Comments
Log in to add a comment.
Can you add option to change name of Bos and choch or publish code because BOS i use it as choch and choch as break of market structure? evertime i read them i get bit frustrated and confuse