Confirmed market structure buy/sell indicator

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Overview
The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends.

Key Features
Swing Point Breakout Detection

Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period.
Breakout Signals:
Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high.
Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low.
Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart.
Multi-Timeframe Dashboard

Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W.
Market Structure Status:
Bullish: Indicates upward market structure.
Bearish: Indicates downward market structure.
Neutral: No clear trend.
Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral).
Operational Workflow
Initialization:

Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status".
Swing Point Detection:

Continuously scans the main timeframe for swing highs and lows using the specified lookback period.
Updates the latest swing high and low levels.
Signal Generation:

Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish).
Activates potential buy/sell setups and confirms signals based on subsequent price movements.
Dashboard Update:

For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points.
Updates the dashboard with the current status for each timeframe, aiding in trend confirmation.
Visualization:

Colors the bars where breakouts occur.
Plots buy and sell signals directly on the chart for easy identification.

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ملاحظات الأخبار

add stop losses