Market Structure by GreenSquadMarket Structure
This indicator maps price structure using confirmed swing pivots rather than candle closes.
Swings are validated using a symmetric lookback window, meaning a high or low is only accepted after both left and right side confirmation. This avoids repainting and ensures structure reflects actual auction completion instead of intrabar noise.
Each new pivot is classified relative to the previous one:
Higher High (HH) → continuation strength
Higher Low (HL) → bullish pullback
Lower High (LH) → bearish pullback
Lower Low (LL) → continuation weakness
From these sequences a persistent market state is derived:
HH following HL → Bullish trend
LL following LH → Bearish trend
Opposite break → Change of Character (transition phase)
No progression → Range environment
A zig-zag backbone connects confirmed pivots to visualize the true path of price movement.
Additionally, the indicator measures volatility using ATR relative to its average:
Expansion → impulsive conditions, breakouts more likely
Compression → contraction, expansion likely upcoming
The dashboard summarizes:
market state, last structural event, volatility regime, and statistically favorable trading bias (pullbacks in trend, reversals in transition).
The tool is designed as a context filter — not a signal generator — helping traders align entries with confirmed auction structure rather than reacting to individual candles.
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