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Indicators

Market Structure Swing Map MT5 - indicator for MetaTrader 5

Waseem Shahrukh
Waseem Shahrukh

Waseem Shahrukh

  • Institutional Algo Architect | MQL4 & MQL5 Specialist at  Proprietary Trading Systems
  • Pakistan
  • 1333
MQL5 / MQL4 Expert Advisor Developer | Institutional Algo Architect Built for Live Trading, Not Just Demo
10 codes
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139
Published:
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Market Structure Swing Map helps traders read price structure without covering the chart with unnecessary signals. It identifies confirmed swing highs and swing lows, compares each new point with the previous point of the same type, and labels the result as HH, HL, LH or LL.

The indicator works with closed candles. A swing is displayed only after the selected number of candles has confirmed it on both sides. This keeps the historical chart stable and avoids using future information for an early signal.

The optional structure line connects confirmed points so the movement of price remains easy to follow. Colors, font size, scan depth and swing strength can all be adjusted from the inputs.

Main inputs

1. Swing Strength controls how many candles are required on each side of a swing.
2. Maximum Bars controls the amount of history scanned.
3. Show Swing Price adds the exact price beside each label.
4. Show Structure Line connects the confirmed structure points.
5. Enable Alerts reports a newly confirmed structure point.

This indicator is intended for chart analysis. It does not open, modify or close trades.

Market Structure Swing Map MT5

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