Duchesne Market Structure
- Indicators
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Eliott Noah Duchesne
MQL5 and Pine Script developer based in France. I turn your trading rules into clean, commented and tested tools.
What I build
- MT5 Expert Advisors: entries and exits, risk-based lot size, time filters, trailing stop, prop firm risk rules
- MT5 indicators with alerts and dashboards - Version: 1.0
- Activations: 5
Duchesne Market Structure shows the structure of the market: swing highs and lows, breaks of structure and changes of character.
Main features
- Swing highs and lows confirmed after a number of bars on each side (5 by default)
- Labels HH, HL, LH and LL to read the trend at a glance
- BOS (break of structure): a candle closes beyond the last swing in the direction of the trend
- CHoCH (change of character): the first close beyond the last swing against the trend
- Dotted lines for BOS, solid lines for CHoCH
- Optional alerts on BOS and on CHoCH, popup and push
How it works
A swing is confirmed only when enough candles have closed on its right. Labels therefore appear a few bars after the swing, and they never move or disappear afterwards. Breaks are detected on candle closes, not on wicks.
Inputs
- Swing length, bars to analyse
- Labels, break lines, font size, colors
- BOS alert, CHoCH alert, push notifications
This indicator is an analysis tool. It does not open trades and does not give trading signals.
