OPEN-SOURCE SCRIPT
更新済 Sweep + MSS
# Sweep + MSS Indicator
This indicator identifies market sweeps and Market Structure Shifts (MSS) to help traders recognize potential trend changes and market manipulations.
How it works:
1. Sweep Detection:
- Identifies when price briefly moves beyond a recent high/low (pivot point) and then reverses.
- Bullish sweep: Price drops below a recent low, then closes above it.
- Bearish sweep: Price rises above a recent high, then closes below it.
2. Market Structure Shift (MSS):
- Occurs when price action invalidates a previous sweep level.
- Bullish MSS: Price closes above a bearish sweep level.
- Bearish MSS: Price closes below a bullish sweep level.
Key Features:
- Customizable pivot lookback length for sweep detection
- Minimum bar requirement after a sweep before MSS can trigger
- One MSS per sweep level to avoid multiple signals
- Visual representation with lines connecting sweep points to MSS triggers
- Emoji labels for easy identification (🐂-MSS for bullish, 🐻-MSS for bearish)
Logic Behind MSS:
The MSS aims to identify potential trend changes by recognizing when the market invalidates a previous sweep level. This often indicates a shift in market structure, suggesting that the previous trend may be weakening or reversing.
- A bullish MSS occurs when the price closes above a bearish sweep level, potentially signaling a shift from bearish to bullish sentiment.
- A bearish MSS occurs when the price closes below a bullish sweep level, potentially signaling a shift from bullish to bearish sentiment.
By requiring a minimum number of bars between the sweep and the MSS, the indicator helps filter out noise and focuses on more significant structural changes in the market.
This indicator can be a valuable tool for traders looking to identify potential trend changes and entry/exit points based on market structure analysis.
This indicator identifies market sweeps and Market Structure Shifts (MSS) to help traders recognize potential trend changes and market manipulations.
How it works:
1. Sweep Detection:
- Identifies when price briefly moves beyond a recent high/low (pivot point) and then reverses.
- Bullish sweep: Price drops below a recent low, then closes above it.
- Bearish sweep: Price rises above a recent high, then closes below it.
2. Market Structure Shift (MSS):
- Occurs when price action invalidates a previous sweep level.
- Bullish MSS: Price closes above a bearish sweep level.
- Bearish MSS: Price closes below a bullish sweep level.
Key Features:
- Customizable pivot lookback length for sweep detection
- Minimum bar requirement after a sweep before MSS can trigger
- One MSS per sweep level to avoid multiple signals
- Visual representation with lines connecting sweep points to MSS triggers
- Emoji labels for easy identification (🐂-MSS for bullish, 🐻-MSS for bearish)
Logic Behind MSS:
The MSS aims to identify potential trend changes by recognizing when the market invalidates a previous sweep level. This often indicates a shift in market structure, suggesting that the previous trend may be weakening or reversing.
- A bullish MSS occurs when the price closes above a bearish sweep level, potentially signaling a shift from bearish to bullish sentiment.
- A bearish MSS occurs when the price closes below a bullish sweep level, potentially signaling a shift from bullish to bearish sentiment.
By requiring a minimum number of bars between the sweep and the MSS, the indicator helps filter out noise and focuses on more significant structural changes in the market.
This indicator can be a valuable tool for traders looking to identify potential trend changes and entry/exit points based on market structure analysis.
リリースノート
- Added New Filters- Upgraded Pine Version
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オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。