CRR Market Structure

The CRR Market Structure indicator provides an educational chart overlay designed to help traders visualize market structure and price behavior through swing points, breaks, and character changes.

Usage

The CRR Market Structure tool is designed as a context-driven guide for discretionary analysis. It identifies key structural points such as Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL) to help determine the prevailing trend.

• Structure Identification: Use HH and HL labels to identify bullish trends, and LH and LL labels for bearish trends.
• Trend Continuation & Shifts: The indicator automatically plots Break of Structure (BOS) lines to confirm trend continuation and Change of Character (ChoCH) labels to highlight potential structural reversals.
• Range Analysis: Yellow dotted lines represent the current active trading range, assisting in identifying phases of consolidation or expansion.
• Fibonacci Retracements: When enabled, the tool plots internal 0.382, 0.5, and 0.618 levels within the most recent range to provide additional price context.

Details

The script utilizes pivot-based logic to detect swing highs and lows based on a user-defined period. A unique feature of this indicator is the optional confirmation filter system. When active, the tool evaluates the "strength" of a BOS or ChoCH by checking if the close exceeds the level by a specific ATR multiplier, verifies if volume is above a moving average, and ensures MACD alignment and the absence of significant price gaps. This helps differentiate between significant structural breaks and potential false breakouts.

Settings

• Structure Period: Determines the sensitivity of the pivot detection for swing points.
• Show HH / LH / HL / LL: Toggles the visibility of swing structure labels.
• Show BOS / ChoCH: Toggles the display of Break of Structure and Change of Character labels.
• Show Swing Dots: Displays small circles at the exact pivot high and low points.
• Show Current Range: Enables the yellow dotted lines representing the current high/low range.
• Filter Breaks with ATR / Volume / MACD / Gap: Enables the multi-confluence filter for structural breaks.
• ATR Length / Multiplier: Configures the ATR-based threshold for price extension beyond a level.
• Volume MA Length / Multiplier: Sets the requirements for relative volume during a break.
• Gap Threshold: Sets the sensitivity for detecting price gaps that might indicate a "fake" break.
• Show Internal Fibonacci: Displays retracement levels for the active structural range.

FAQ

How do I interpret a Change of Character (ChoCH)? A ChoCH typically represents the first sign of a potential trend reversal, occurring when the price breaks the most recent opposite swing point (e.g., a higher low being broken in an uptrend).

What does the "Strong" vs "Weak" label styling mean? If the confirmation filters are enabled, labels will change color or intensity based on whether the price action meets the ATR, Volume, and MACD requirements defined in the settings.

How can I access this tool? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.