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Market Structure (Intrabar)

By LuxAlgoMar 21, 2024

Market Structure (Intrabar) is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Market Structure (Intrabar) opens the current candle and reads the structure grammar hidden inside it: the indicator pulls a lower timeframe, rebuilds its swings within the current chart bar, draws the intrabar candles beside price, and labels intrabar CHoCH and BoS in real time. The alternation of bullish and bearish moves inside a single candle becomes visible, exposing the strength and trajectory of the move that printed it.

How to Trade the Market Structure (Intrabar)?

  • Intrabar CHoCH: a pivotal shift in behavior driven by changing supply and demand, the formation used for spotting confirmed reversals inside the bar.
  • Intrabar BoS: support or resistance thresholds giving way, robust validation for trend continuation.
  • Dashboard dominance: the statistics panel counts CHoCH and BoS frequency; lopsided counts point to a dominant trend beneath the bar, balanced counts to churn.
  • Zoom deeper: set the Intrabar Timeframe well below the chart's to unveil more intrabar candles and potentially several structures per bar.

Like the rest of the market structure family, it turns price action into discrete, checkable events, here at a resolution chart-timeframe structure tools don't reach.

Market Structure (Intrabar) Settings

  • Intrabar Timeframe: the lower timeframe to analyze; Auto picks one appropriate to the chart.
  • Intrabar Market Structure, Length: toggles BoS and CHoCH visibility; the length shapes how swing levels are identified.
  • Intrabar Swing Levels: visibility plus high/low colors.
  • Intrabar Statistics: shows the dashboard with or without the intrabar visuals, or turns it off; tooltips on the header and the last-structure cell add timeframe and timing detail.
  • Display inputs cover structure and candle colors, the candles' horizontal offset, and dashboard position and size.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
NinjaTrader
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.