Mapping Market Structure with Swings, Breaks, and Imbalance Zones
Summary
This MetaTrader 5 indicator marks swing highs and lows using a configurable number of bars on either side of a candidate turning point. It labels a break of structure when price closes beyond the latest swing in the prevailing trend direction, and a change of character when price closes beyond a swing against that trend, which the description treats as a possible reversal. Users can choose whether breaks require a candle close or may be identified from a wick, and can limit analysis to recent bars.
The display can also include order blocks, defined as the last opposite-direction candle before a structure break; fair value gaps, represented by three-candle imbalance zones; and a Quasimodo retracement reference at the relevant shoulder swing after a change of character. The document describes chart annotations and configurable display options, not a tested trading system. It gives no rules for entries, exits, position sizing, or performance evaluation, so the markings alone do not establish that a signal is predictive or profitable.
Key ideas
- Swing points are identified from a configurable number of neighboring bars on each side.
- A break beyond a swing in the trend direction is labeled continuation, while an opposing break is treated as a possible reversal.
- Breaks can be based on candle closes or wicks, depending on the selected setting.
- The indicator can mark order blocks, three-candle fair value gaps, and a shoulder-based retracement reference.
- Chart annotations do not specify trade management or demonstrate predictive performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.