REA Structure (HH,HL,LL,LH)

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)