// This Pine Script® code is subject to the terms of the Mozilla Public License 2.
0
at https://mozilla.org/MPL/2.0/
// © RusznyakPeter
//@version=6
indicator("Market Structure Confluence", shorttitle="Market Structure",
overlay=true, max_lines_count=500, max_labels_count=500, max_bars_back=5000)
swingSize = input.int(10, "Time-Horizon", minval=2,
tooltip="Look-back bars for pivot detection", group="Market Structure")
bosConfType = input.string("Candle Close", "BOS Confirmation", options=["Candle
Close", "Wicks"], tooltip="Close vs. wick confirmation", group="Market Structure")
bosStyleIn = input.string("Solid", "BOS/CHoCH Line Style",
options=["Solid","Dashed","Dotted"], group="Market Structure")
showCHoCH = input.bool(true, "Show CHoCH", group="Market Structure")
showSwing = input.bool(true, "Show Swing Labels", group="Market Structure")
basisLength = input.int(100, "Basis Length", minval=1, tooltip="Length for the
basis calculation (WMA)", group="Band Settings")
atrLength = input.int(14, "ATR Length", minval=1, tooltip="Length for the
volatility (ATR) calculation", group="Band Settings")
atrSmooth = input.int(21, "ATR Smoothing", minval=1, tooltip="Length for
smoothing the volatility", group="Band Settings")
volMult = input.float(2.0, "Volatility Multiplier", minval=0.1, step=0.1,
tooltip="Multiplier for the bands", group="Band Settings")
colBull = input.color(#00FFBB, "Bull Color", inline="msc",
group="Appearance")
colBear = input.color(#FF1100, "Bear Color", inline="msc",
group="Appearance")
waitClose = input.bool(true, "Wait for Bar Close (alerts)", group="⚠️ Alerts")
bosWidth = 1
colBull50 = color.new(colBull, 50)
colBear50 = color.new(colBear, 50)
colClear = color.rgb(0,0,0,100)
barConfirmed = not waitClose or barstate.isconfirmed
lineStyle(string s)=>
s=="Solid" ? line.style_solid : s=="Dashed" ? line.style_dashed :
line.style_dotted
var float prevHigh = na
var float prevLow = na
var int prevHighIdx = na
var int prevLowIdx = na
var bool highActive = false
var bool lowActive = false
var int prevBreakDir = 0
var int lastBreakDir = 0
enMS = true
pivHi = ta.pivothigh(high, swingSize, swingSize)
pivLo = ta.pivotlow (low , swingSize, swingSize)
bool hh = false, lh = false, hl = false, ll = false
if enMS
if not na(pivHi)
hh := na(prevHigh) or pivHi >= prevHigh
lh := not hh
prevHigh := pivHi
prevHighIdx := bar_index - swingSize
highActive := true
if not na(pivLo)
hl := na(prevLow) or pivLo >= prevLow
ll := not hl
prevLow := pivLo
prevLowIdx := bar_index - swingSize
lowActive := true
highSrc = bosConfType=="Candle Close" ? close : high
lowSrc = bosConfType=="Candle Close" ? close : low
bool highBroken = false, lowBroken=false
if enMS
if highActive and not na(prevHigh) and highSrc > prevHigh
highBroken := true
highActive := false
if lowActive and not na(prevLow) and lowSrc < prevLow
lowBroken := true
lowActive := false
volatility = ta.atr(atrLength)
svol = ta.sma(volatility, atrSmooth)
basis = ta.wma(close, basisLength)
upper = basis + volMult * svol
lower = basis - volMult * svol
plot(prevBreakDir == 1 ? lower : na, color = colBull, title="Lower Band", style =
plot.style_linebr, linewidth = 3)
plot(prevBreakDir == -1 ? upper : na, color = colBear, title="Upper Band", style =
plot.style_linebr, linewidth = 3)
bullishArrow = prevBreakDir == 1 and low < lower and high > lower
bearishArrow = prevBreakDir == -1 and low < upper and high > upper
arrowOffset = volatility * 1
plotchar(bullishArrow ? lower - arrowOffset : na, "Bullish Signal", '▲',
location.absolute, colBull, size = size.tiny)
plotchar(bearishArrow ? upper + arrowOffset : na, "Bearish Signal", '▼',
location.absolute, colBear, size = size.tiny)
if enMS and showSwing
if hh
label.new(bar_index-swingSize, pivHi, "HH", style=label.style_label_down,
textcolor=colBull50, color=colClear)
if lh
label.new(bar_index-swingSize, pivHi, "LH", style=label.style_label_down,
textcolor=colBear50, color=colClear)
if hl
label.new(bar_index-swingSize, pivLo, "HL", style=label.style_label_up,
textcolor=colBull50, color=colClear)
if ll
label.new(bar_index-swingSize, pivLo, "LL", style=label.style_label_up,
textcolor=colBear50, color=colClear)
bullishChange = false
bearishChange = false
if enMS and highBroken
line.new(prevHighIdx, prevHigh, bar_index, prevHigh, color=colBull,
style=lineStyle(bosStyleIn), width=bosWidth)
mid = math.floor(bar_index - (bar_index - prevHighIdx)/2)
label.new(mid, prevHigh, prevBreakDir==-1 and showCHoCH ? "CHoCH":"BOS",
color=colClear, textcolor=colBull, size=size.tiny)
lastBreakDir := prevBreakDir
prevBreakDir := 1
bullishChange := lastBreakDir == -1 or lastBreakDir == 0
if enMS and lowBroken
line.new(prevLowIdx, prevLow, bar_index, prevLow, color=colBear,
style=lineStyle(bosStyleIn), width=bosWidth)
mid = math.floor(bar_index - (bar_index - prevLowIdx)/2)
label.new(mid, prevLow, prevBreakDir==1 and showCHoCH ? "CHoCH":"BOS",
style=label.style_label_up, color=colClear, textcolor=colBear, size=size.tiny)
lastBreakDir := prevBreakDir
prevBreakDir := -1
bearishChange := lastBreakDir == 1 or lastBreakDir == 0
plotchar(bullishChange ? lower : na, "Trend Change Bullish", '◉',
location.absolute, colBull, size = size.tiny)
plotchar(bearishChange ? upper : na, "Trend Change Bearish", '◉',
location.absolute, colBear, size = size.tiny)
barcolor(enMS ? (prevBreakDir==-1 ? color.new(colBear, 30) : color.new(colBull,
30)) : na)
alertcondition(highBroken and prevBreakDir==-1 and barConfirmed, "Bullish CHoCH")
alertcondition(highBroken and prevBreakDir!= -1 and barConfirmed, "Bullish BOS")
alertcondition(lowBroken and prevBreakDir==1 and barConfirmed, "Bearish CHoCH")
alertcondition(lowBroken and prevBreakDir!= 1 and barConfirmed, "Bearish BOS")
alertcondition(hh and barConfirmed, "HH Detected")
alertcondition(lh and barConfirmed, "LH Detected")
alertcondition(hl and barConfirmed, "HL Detected")
alertcondition(ll and barConfirmed, "LL Detected")
alertcondition(bullishArrow and barConfirmed, "Bullish Arrow Signal", "Bullish
Rejection Signal")
alertcondition(bearishArrow and barConfirmed, "Bearish Arrow Signal", "Bearish
Rejection Signal")
alertcondition(bullishChange and barConfirmed, "Bullish Trend Change", "Trend
changed to bullish")
alertcondition(bearishChange and barConfirmed, "Bearish Trend Change", "Trend
changed to bearish")
