Structure Indicator MT5 inspired by MentFx
- 지표
- 버전: 1.0
- 활성화: 5
This indicator maps market structure using an inside-bar/outside-bar range model, inspired by price-action structure concepts taught by trading educator mentfx (Anton). It automatically classifies each bar as either an "outside" bar (a break of both the prior high and low, indicating range expansion) or an "inside" bar (contained within the prior range, indicating consolidation), then tracks the resulting bullish or bearish range as it evolves.
Once a range is established, the indicator further distinguishes between two internal states: momentum (price continuing to close beyond the most recent opposing range boundary) and pullback (price retracing back inside that boundary without invalidating the broader structure). A status label displays the current classification directly on the chart in real time.
This is a visual structure-mapping tool intended to help traders track trend context and range behavior; it does not generate trade signals or automate order placement.
Not affiliated with or endorsed by Mentfx. This was inspired by Mentfx. Thank you Anton.
