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Classic Chartism-Market Structure- Support.Resistance

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Classic Chartism – Market Structure + Support & Resistance

This indicator is designed for traditional chart-based technical analysis, relying exclusively on price action and market structure, without the use of oscillators or lagging indicators.

The script automatically detects significant swing highs and swing lows using confirmed pivots and classifies price structure according to classic market structure notation:

HH (Higher High)

HL (Higher Low)

LH (Lower High)

LL (Lower Low)

Based on these swings, the indicator plots horizontal Support & Resistance (SR) levels, representing historically significant areas of supply and demand. These levels remain active until invalidated by price, providing a clear and objective market context.

The indicator does not repaint once a swing is confirmed, making it suitable for real-time analysis and discretionary trading decisions. It performs well across cryptocurrencies, futures, indices, and equities, and is particularly useful for trend identification, pullback entries, and structure-based risk management.
Sürüm Notları
Classic Chartism – Market Structure + Support & Resistance v1.0

This indicator is designed for traditional chart-based technical analysis, relying exclusively on price action and market structure, without the use of oscillators or lagging indicators.

The script automatically detects significant swing highs and swing lows using confirmed pivots and classifies price structure according to classic market structure notation:

HH (Higher High)

HL (Higher Low)

LH (Lower High)

LL (Lower Low)

Based on these swings, the indicator plots horizontal Support & Resistance (SR) levels, representing historically significant areas of supply and demand. These levels remain active until invalidated by price, providing a clear and objective market context.

The indicator does not repaint once a swing is confirmed, making it suitable for real-time analysis and discretionary trading decisions. It performs well across cryptocurrencies, futures, indices, and equities, and is particularly useful for trend identification, pullback entries, and structure-based risk management.

Feragatname

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