Mako Market Structure
- Indicators
- Version: 1.12
MAKO Market Structure is a visual market structure indicator for MetaTrader 5, designed to transform price movement into a clear, organized and fast structural reading.
Instead of analyzing each candle independently, the indicator follows the structural sequence created by price and automatically highlights the main highs, lows and structural changes.
MAIN FEATURES
• Visual identification of HH – Higher High
• Visual identification of HL – Higher Low
• Visual identification of LH – Lower High
• Visual identification of LL – Lower Low
• Structural path connecting the main swings
• BOS – Break of Structure identification
• CHoCH – Change of Character identification
• Visual marking of important swing highs and lows
• Clear reading of the prevailing market structure
• Pullback zone based on the recent structure
• 38.2% to 61.8% retracement reference area
• Clean visualization directly on the chart
HOW TO READ IT
A sequence of Higher Highs and Higher Lows represents a predominantly bullish market structure.
A sequence of Lower Highs and Lower Lows represents a predominantly bearish market structure.
BOS highlights the continuation or break of an important structural level.
CHoCH helps visualize a possible change in market structure behavior.
The pullback zone provides a visual reference for observing retracements inside the current structural movement.
PURPOSE
MAKO Market Structure was created to reduce visual noise and make highs, lows, continuation, pullbacks and structural changes easier to understand.
It can be used on different instruments and timeframes as a complementary technical analysis tool.
The indicator does not execute trades and does not represent a buy or sell recommendation.
MAKO Trading Lab
Structure before prediction.
