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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: 466
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Comments
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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