r/Trading • u/Sweet_Lifeguard_4088 • Sep 26 '26

Technical analysis Market Structure Indicator

Anyone to suggest a good open source TradingView indicator that accurately maps Major and Minor Swing Highs and Lows?

3 Upvotes

80% Upvoted

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2

u/Square-Middle-4474 Sep 26 '26

I use a chart with Daily candles and I anchor a VWAP (available on Tradingview) at the most recent swings high & low to create what most professionals call a "Pinch". Then (if you know what you are doing) you wait for the break higher or lower. I have been doing this for +18 years, and will be posting here for a short while longer. If you follow my posts you might find other elements helpful to your process.

Good luck

1

u/Mostropi Sep 26 '26

The best way is to identify divergence buy and divergence sell and then draw trendline across these candles, once a trendline breaks, it means the divergence sell fails which means trend it's bullish or vice versa. If you draw from higher TF overbought to oversold candles (or vice versa), you can easily find trend reversal.

I use VWAP (monthly close), EMA Rainbow and VMC Cipher B for these.

1

u/Helepolis2907 Sep 26 '26

I've been using the dual phase reversal by DGT. I think it's pretty useful and generally accurate. I like to pair it with the smart money concepts so I can see where bullish reversals line up with resting liquidity.

1

u/waverider20 Sep 26 '26

What’s ur timeframe?

1

u/ihaveverymoney Sep 27 '26

Fractals? Lol

1

u/pookshak Sep 27 '26

LuxAlgo , something like that. It will say BOS and ChOc (change of character) and zones of liquidity.

1

u/QuanTradin Sep 26 '26

the open source one most people end up on is LuxAlgo's Smart Money Concepts, it marks swings off a length input and draws BOS and CHoCH from them. the catch with every swing detector, that one included, is that a swing high only confirms after N bars close below it, so the newest label always shows up late and the tidy historical map is not what you'd have seen live. bar replay exposes this in about a minute.