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Structure MXT

This document contains the source code for an indicator that identifies swing points and breakout signals on a chart. It finds high and low pivots, tracks previous swing levels, and generates labels and lines for head and shoulders, breakouts, and 0.5 retracement levels.

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Trường Mai Xuân
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19 views

Structure MXT

This document contains the source code for an indicator that identifies swing points and breakout signals on a chart. It finds high and low pivots, tracks previous swing levels, and generates labels and lines for head and shoulders, breakouts, and 0.5 retracement levels.

Uploaded by

Trường Mai Xuân
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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// This source code is subject to the terms of the Mozilla Public License 2.

0 at
https://mozilla.org/MPL/2.0/
// © Leviathan
// Swing point generation inspired by @BacktestRookies

//@version=5
indicator("Market Structure - By Leviathan", overlay=true, max_labels_count=500,
max_lines_count=500)

// Constants
color CLEAR = color.rgb(0,0,0,100)

// Inputs
swingSize = input.int(20, 'Swing Length', tooltip='The number of left and right
bars checked when searching for a swing point. Higher value = less swing points
plotted and lower value = more swing points plotted.' )
bosConfType = input.string('Candle Close', 'BOS Confirmation', ['Candle Close',
'Wicks'], tooltip='Choose whether candle close/wick above previous swing point
counts as a BOS.')
choch = input.bool(false, 'Show CHoCH', tooltip='Renames the first counter trend
BOS to CHoCH' )
showSwing = input.bool(true, 'Show Swing Points', tooltip='Show or hide HH, LH, HL,
LL')

showHalf = input.bool(false, 'Show 0.5 Retracement Level', group='0.5 Retracement


Level', tooltip='Show a possible 0.5 retracement level between the swing highs and
lows of an expansion move.')
halfColor = input.color(color.rgb(41, 39, 176), 'Color', group='0.5 Retracement
Level')
halfStyle = input.string('Solid', 'Line Style', ['Solid', 'Dashed', 'Dotted'],
group='0.5 Retracement Level')
halfWidth = input.int(1, 'Width', minval=1, group='0.5 Retracement Level')

bosColor = input.color(color.rgb(112, 114, 119), 'Color', group='BOS Settings')


bosStyle = input.string('Dashed', 'Line Style', ['Solid', 'Dashed', 'Dotted'],
group='BOS Settings')
bosWidth = input.int(1, 'Width', minval=1, group='BOS Settings')

// Functions
lineStyle(x) =>
switch x
'Solid' => line.style_solid
'Dashed' => line.style_dashed
'Dotted' => line.style_dotted

// Calculations

//Finding high and low pivots


pivHi = ta.pivothigh(high, swingSize, swingSize)
pivLo = ta.pivotlow(low, swingSize, swingSize)

//Tracking the previous swing levels to determine hh lh hl ll


var float prevHigh = na
var float prevLow = na
var int prevHighIndex = na
var int prevLowIndex = na
//Tracking whether previous levels have been breached
var bool highActive = false
var bool lowActive = false

bool hh = false
bool lh = false
bool hl = false
bool ll = false

//Variable to track the previous swing type, used later on to draw 0.5 Retracement
Levels (HH = 2, LH = 1, HL = -1, LL = -2)
var int prevSwing = 0

if not na(pivHi)
if pivHi >= prevHigh
hh := true
prevSwing := 2
else
lh := true
prevSwing := 1
prevHigh := pivHi
highActive := true
prevHighIndex := bar_index - swingSize

if not na(pivLo)
if pivLo >= prevLow
hl := true
prevSwing := -1
else
ll := true
prevSwing := -2
prevLow := pivLo
lowActive := true
prevLowIndex := bar_index - swingSize

//Generating the breakout signals


bool highBroken = false
bool lowBroken = false

//Tracking prev breakout


var int prevBreakoutDir = 0

float highSrc = bosConfType == 'Candle Close' ? close : high


float lowSrc = bosConfType == 'Candle Close' ? close : low

if highSrc > prevHigh and highActive


highBroken := true
highActive := false
if lowSrc < prevLow and lowActive
lowBroken := true
lowActive := false

// Visual Output

//Swing level labels


if hh and showSwing
label.new(bar_index - swingSize, pivHi, 'HH', color=CLEAR,
style=label.style_label_down, textcolor=chart.fg_color)
//Detecting if it is a hh after a hl
if prevSwing[1] == -1 and showHalf
line.new(prevLowIndex, (prevLow + pivHi) / 2, bar_index - swingSize,
(prevLow + pivHi) / 2, color=halfColor, style=lineStyle(halfStyle),
width=halfWidth)
if lh and showSwing
label.new(bar_index - swingSize, pivHi, 'LH', color=CLEAR,
style=label.style_label_down, textcolor=chart.fg_color)
if hl and showSwing
label.new(bar_index - swingSize, pivLo, 'HL', color=CLEAR,
style=label.style_label_up, textcolor=chart.fg_color)
if ll and showSwing
label.new(bar_index - swingSize, pivLo, 'LL', color=CLEAR,
style=label.style_label_up, textcolor=chart.fg_color)
//Detecting if it is a ll after a lh
if prevSwing[1] == 1 and showHalf
line.new(prevHighIndex, (prevHigh + pivLo) / 2, bar_index - swingSize,
(prevHigh + pivLo) / 2, color=halfColor, style=lineStyle(halfStyle),
width=halfWidth)

//Generating the BOS Lines


if highBroken
line.new(prevHighIndex, prevHigh, bar_index, prevHigh, color=bosColor,
style=lineStyle(bosStyle), width=bosWidth)
label.new(math.floor(bar_index - (bar_index - prevHighIndex) / 2), prevHigh,
prevBreakoutDir == -1 and choch ? 'CHoCH' : 'BOS', color=CLEAR, textcolor=bosColor,
size=size.tiny)
prevBreakoutDir := 1
if lowBroken
line.new(prevLowIndex, prevLow, bar_index, prevLow, color=bosColor,
style=lineStyle(bosStyle), width=bosWidth)
label.new(math.floor(bar_index - (bar_index - prevLowIndex) / 2), prevLow,
prevBreakoutDir == 1 and choch ? 'CHoCH' : 'BOS', color=CLEAR, textcolor=bosColor,
style=label.style_label_up, size=size.tiny)
prevBreakoutDir := -1

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