🔹Structure Break Indicator
Last updated
Last updated
Author : SamaaraDas
Click on link below to access the indicator and use on your Tradingview chart.
This indicator captures the beginning of a new trend or a correction. If higher highs are formed and the current low breaks the previous low, that means that a downward trend or correction is just beginning. Whereas if there are lower lows and the current high breaks the previous high, an upward trend or correction started. This uses the zigzag indicator made by DevLucem to check if highs and lows are broken or not. In the settings of this indicator you can change the colors of the lines, change the zigzag indicator's settings and choose to see the zigzag lines on your chart. Red colored lines are for bearish breaks and Green colored lines are for bullish breaks.
