QCL Market Structure Zones

QCL Market Structure Zones is a chart-based analytical indicator for identifying confirmed swing points, supply and demand zones, and breaks of market structure.

The indicator uses confirmed swing highs and swing lows to create volatility-adjusted zones. Zone height and overlap filtering are calculated using the Average True Range, allowing the indicator to adapt to different symbols and timeframes.

Main features

• Confirmed swing high and swing low detection
• Automatic supply and demand zones
• Average True Range based zone sizing
• Overlapping-zone filtering
• Break of Structure lines and labels
• Optional market structure labels: HH, LH, HL and LL
• Optional pivot-to-pivot ZigZag
• Adjustable zone history and right-side extension
• Separate colors for supply, demand, text and ZigZag objects
• Calculations based on closed bars

How it works

A supply zone is created when a confirmed swing high is detected. A demand zone is created from a confirmed swing low.

New zones are filtered when their midpoint is too close to an existing active zone. The filtering distance is based on the Average True Range.

A supply zone remains active until a closed candle reaches or closes above its upper boundary. A demand zone remains active until a closed candle reaches or closes below its lower boundary. When a zone is broken, the indicator draws a Break of Structure line at the zone midpoint.

Main parameters

• Swing Length: controls swing confirmation sensitivity
• History Keep: number of zones retained for each side
• Box Width: controls zone height
• ATR Length: Average True Range calculation period
• Extend Right: zone extension to the right
• Max BOS: maximum Break of Structure records
• Max Pivots: maximum stored pivot points
• Show Labels: displays HH, LH, HL and LL labels
• Show ZigZag: connects confirmed pivot points

Usage notes

Smaller Swing Length values detect more market structure changes but may create more zones. Larger values produce fewer and more selective swing points.

Pivot points are displayed only after confirmation. This confirmation delay is intentional and helps prevent unconfirmed swing points from being treated as completed structures.

The indicator is an analytical tool. It does not open, modify or close trades and does not guarantee trading results.