Market Structure Trend Matrix with ATR Stops and Target Ladders

Summary

This indicator combines market-structure reversals, a volatility-scaled trailing stop, and a ladder of profit targets. It identifies swing highs and lows using a symmetric lookback, then signals a Change of Character when price closes beyond the latest confirmed pivot in the opposite direction. The direction state prevents repeated signals until the structure flips again.

At a bullish reversal, the stop is set below the close using an ATR multiple and can only rise as the trend continues; the bearish logic is mirrored. Targets begin at an ATR-based distance from the broken pivot and advance by another ATR step whenever price reaches one. The document suggests using direction as a regime filter, stop levels for risk context, target rungs for scaling out, and past target histories to assess trend travel. It supplies indicator rules and parameter defaults, but no backtest or performance evidence. Pivot confirmation necessarily lags the pivot, and the stop is informational: direction changes on an opposite structural break rather than a stop touch. The described thresholds and use cases require instrument-specific evaluation.

Key ideas

• A structural reversal is signaled when a close breaks the latest confirmed swing pivot in the opposing direction.
• Swing pivots are confirmed only after the chosen lookahead period, so signals are delayed.
• An ATR trailing stop follows the trend without loosening, while structural reversals control direction.
• The target ladder adds another ATR-spaced level each time price reaches the active target.
• The document proposes regime filtering and staged profit-taking but gives no performance tests.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.