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OPEN-SOURCE SCRIPT

Essa - Market Structure Detector

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A comprehensive tool for identifying real-time market structure patterns using pivot analysis, adaptive volatility filtering, and multi-timeframe confluence. This script highlights higher highs (HH), higher lows (HL), lower highs (LH), and lower lows (LL), while offering intelligent confirmations and optional visual aids.

Key Features:
  • Dynamic detection of HH, HL, LH, LL based on pivot structures
  • Adaptive sensitivity using ATR-based volatility filters
  • Confirmation logic based on breakout alignment
  • Optional ZigZag line rendering between key pivots
  • Customisable labels with confluence indicators
  • Multi-timeframe pattern scanning with auto-scaling timeframes
  • Info panel showing current pattern, trend bias, mode, and structure across 5 higher timeframes
  • Built-in alerts for structure shifts and high-confluence setups


This tool is ideal for traders who rely on structure-based entries, multi-timeframe confluence, and precision pattern recognition to anticipate trend reversals or continuations with high confidence.

Disclaimer

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