Market Structures + ZigZag Indicator on TradingView - [TFlab]

TheMarket Structures + ZigZag Indicator is a powerful analytical tool designed to detect market trend shifts and key structural changes. Integrated into the TradingView platform, this indicator helps traders spot Market Structure Shifts (MSS), Breaks of Structure (BoS), Changes of Character (CHoCH), and Market Structure Breaks (MSB). These features collectively provide a comprehensive view of price action and market momentum.

You can access the Indicator from this link:

https://tradingfinder.com/products/i...ctures-zigzag/

You can access the Indicator on the TradingView website:

https://www.tradingview.com/script/v...H-BOS-MSS-MSB/


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Indicator Overview
This tool is particularly effective in supporting entry and exit strategies for both bullish and bearish markets. To confirm structural shifts such as BoS and CHoCH, at least one candlestick must close beyond the respective price level.

1. Major Bullish CHoCH appears in green.
2. Major Bullish BoS is highlighted in blue.
3. Major Bearish CHoCH is marked in purple.
4. Major Bearish BoS is represented in orange.

Bullish Market Scenario
In a bullish market setup, such as on the USD/JPY 15-minute chart, a CHoCH formation signals a reversal at a support level. As the price continues upward with consecutive BoS confirmations, buying opportunities become more favorable.

Bearish Market Scenario
In contrast, a GBP/USD downtrend demonstrates a CHoCH followed by a retracement to the Fair Value Gap (FVG), indicating liquidity absorption. A subsequent bearish BoS confirms the continuation of the downtrend, reinforcing the sell-side momentum.

Indicator Settings
The Market Structures + ZigZag Indicator allows for customizable settings to suit various trading preferences. These options include parameters for trend visualization, structural confirmations, and graphical styling:

Logic Parameters

1. Pivot Period for Order Block Detection (default: 5)

ZigZag Line Settings

1. Enable/disable ZigZag line
2. Line Style: Smooth (solid)
3. Line Color: Default is blue
4. Line Thickness: 1

ZigZag Labels

1. Toggle visibility of ZigZag labels
2. Customizable label color

Major BoS Lines

1. Show/hide major bullish and bearish BoS lines
2. Style: Solid
3. Bullish Line Color: Blue
4. Bearish Line Color: Orange

Minor BoS Lines

1. Enable minor bullish/bearish BoS line visibility
2. Style: Dashed
3. Color: Gray for both

Major CHoCH Lines

1. Show/hide major bullish and bearish CHoCH lines
2. Style: Solid
3. Bullish Line Color: Green
4. Bearish Line Color: Red

Minor CHoCH Lines

1. Show/hide minor bullish and bearish CHoCH lines
2. Style: Dashed
3. Color: Gray for both

Key Use Cases
This indicator is especially useful in:

1. Day Trading and Intraday Strategies
2. Multi-Timeframe Analysis
3. Smart Money Concepts (SMC)
4. Trend Reversal and Continuation Confirmation
5. Liquidity-Based Entry Points

Related Tools You May Find Helpful

1. TradingFinder Economic Calendar Extension
2. TradingFinder Pip Value Calculator (70+ Assets)
3. Forex Economic Calendar (150+ Countries)
4. Earnings Calendar with Real-Time Forecasts

Conclusion
The Market Structures + ZigZag Indicator provides a systematic approach to trend identification and market structure analysis. By incorporating CHoCH, BoS, and real-time ZigZag tracking, it enables traders to respond more accurately to key price movements and trend reversals.