OPEN-SOURCE SCRIPT

Professional Market Structure

1 902
This indicator is designed to simplify market structure by visually identifying the current trend phase using dynamic price channels.
It automatically plots structure-based channels by analyzing recent highs, lows, and price slope to determine whether the market is in an ascending (bullish) or descending (bearish) phase.

🔍 What This Script Shows

Ascending Structure: When price momentum is positive, the channel highlights bullish control.
Descending Structure: When momentum turns negative, the channel shifts to reflect bearish pressure.
Pivot High Labels: Important turning points are marked to help spot potential distribution or exhaustion zones.
Live Trend Status: The current market condition is clearly labeled on the chart.

🎯 How Traders Can Use It

Identify trend direction at a glance
Avoid trading against structure
Spot possible reversal or slowdown areas
Use it as a confirmation tool with supply & demand, liquidity, or price action strategies

🧠 Best Use Case

Forex, Crypto, Indices
Works best on 1H – 4H timeframes
Ideal for educational and structure-based trading
This is a non-repainting, structure-focused tool built for clarity—not clutter.

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