Utt Market Structure
- Indicatori
- Versione: 1.1
- Attivazioni: 10
Utt Market Structure is a MetaTrader 5 indicator designed to automatically identify and display market structure directly on the chart.
The indicator detects four key market structure formations:
- HH (Higher High)
- HL (Higher Low)
- LH (Lower High)
- LL (Lower Low)
The indicator identifies swing points according to the selected Swing Detection Period and connects confirmed pivot points with diagonal structure lines.
This provides a clear visual representation of market structure and helps traders analyze the evolution of price action.
MAIN FEATURES
- Automatic HH detection
- Automatic HL detection
- Automatic LH detection
- Automatic LL detection
- Confirmed swing point detection
- Diagonal market structure lines
- Adjustable swing detection period
- Custom colors for each structure type
- Adjustable line width
- Works on multiple symbols
- Works on multiple timeframes
- Designed for market analysis and decision support
HOW IT WORKS
The SwingDetectionPeriod parameter controls the sensitivity of swing detection.
Lower values detect smaller and more frequent swings.
Higher values focus on larger and more significant market movements.
The default value is 20 and provides a balanced setting for general market analysis.
MARKET STRUCTURE
Bullish structure can be observed through sequences such as:
HH → HL → HH
Bearish structure can be observed through sequences such as:
LL → LH → LL
The indicator is designed to help traders visualize these structures directly on the MT5 chart.
IMPORTANT
This indicator is an analysis and visualization tool.
It does not open, modify or close trading positions.
It does not provide automated trading signals or alerts.
The indicator does not guarantee trading results or profits.
Trading involves risk. Always perform your own analysis and risk management before making trading decisions.
