MTF Market Structure & Fibs

Professionalize your technical analysis with the MTF Market Structure & Dealing Ranges suite. This indicator automates the complex task of mapping market structure, allowing you to identify the "True" trend without manual drawing.

Key Features:

Multi-Timeframe Analysis: overlay higher timeframe (HTF) structure onto your lower timeframe charts. For example, see Weekly pivots while trading on the 4-hour chart to ensure you are aligned with the macro trend.

3-Tier Structure Hierarchy: The algorithm distinguishes between three types of pivots to filter noise:

Swing High/Low: Standard local pivots.

Intermediate High/Low (ITH/ITL): Stronger structural points.

Long-Term High/Low (LTH/LTL): Major structural turning points.

Intelligent Scoring System: Unlike basic indicators that just look at adjacent bars, this script uses a sophisticated scoring system (based on structure breaks and consecutive highs/lows) to determine the "Anchor" points for the current trend.

Automated Dealing Ranges: Once the Anchor is identified, the script automatically draws the active Fibonacci Dealing Range (Premium vs. Discount). It updates in real-time as price expands.

Logarithmic Scaling: Includes a toggle for Log Scale Fibonacci calculations, essential for analyzing high-volatility assets like Bitcoin over long timeframes.

Stop guessing where the structural low is. Let the algorithm define the range so you can focus on the entry.