OPEN-SOURCE SCRIPT
Aktualisiert

Faytterro Market Structere

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this indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time.

The table above shows the percentage distance of the price from the last high and the last low.

zigzags are painted green when making higher peaks, while lower peaks are considered downtrends and are painted red. In fact, the indicator is quite simple to understand and use.

"length" is used to change the frequency of the signal.
"go to past" is used to see historical data.

Please review the examples:
Snapshot
Snapshot
Snapshot
Snapshot




Versionshinweise
it draws earlier now.
Versionshinweise
changed the ''max_bars_back'' to 2000.
Versionshinweise
bugs fixed.

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