OPEN-SOURCE SCRIPT

CISD

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**CISD – Continuous Implied Structure Displacement (Body-Based Version)**

CISD displays structure levels derived from a simple sequence:
1. A valid pullback (based on body closes only)
2. Followed by a displacement (a body-based break in the opposite direction)

When these two conditions occur, the script prints a CISD level at the pullback’s reference price.
Each CISD level extends forward until price closes through it using body logic only.

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### How this version works

**1. Pullback Detection (Body-Only)**
A pullback is recognized when a candle’s body meaningfully retraces the previous candle’s body.
Tiny candles are filtered out, reducing noise and improving level quality.

**2. CISD Formation**
After a valid pullback, if price breaks structure in the opposite direction using body highs/lows only:
- A **Bullish CISD** level is created from a bearish pullback
- A **Bearish CISD** level is created from a bullish pullback

**3. CISD Completion**
When a CISD level is violated by a full body close beyond the level, the CISD is marked completed and a new opposite CISD becomes eligible.

**4. Visual Output**
- Clean horizontal CISD levels
- Single active level per direction (unless extended manually)
- Labels marked “CISD” for clarity

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### What this indicator is *not*
This tool does **not** generate trade signals or provide financial advice.
It is a visual mechanism for observing how price reacts to pullback-based structural shifts using body logic only.

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### Intended Use
CISD can help users:
- Track transitions in short-term structure
- Identify when pullbacks lead to meaningful displacement
- Observe reaction points derived strictly from body behavior (ignoring wicks)

The logic is minimalistic and designed for clean, uncluttered structure observation.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.