This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v5 · On the chart
Market Structure Change of Character
An overlay indicator that marks confirmed swing highs and lows with arrows and tracks market structure.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code215
Settings9inputs
LicenceNone stated
Last update2 months ago2 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
A bullish or bearish trend, and a change of character, needs at least four alternating confirmed swings, so one contradicting swing does not flip the trend. Swing strength sets how many bars must close after a pivot, which delays signals on purpose so they do not move later. Lines can show two, one per trend or the latest only, with an optional trend panel and background shading.
- Confirmed pivot swing arrows
- Four-point change of character rule
- Three line display modes
- Current-trend panel
- Optional background shading by trend
Details
Published by
XingHan98 on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Swing strength | int | 3 | swingStrength |
| Show swing arrows | bool | true | showSwingArrows |
| CHoCH line display | string | One line per trend | lineDisplayMode |
| Show current-trend panel | bool | true | showTrendPanel |
| Shade background by trend | bool | false | showTrendBackground |
| CHoCH line width | int | 2 | lineWidth |
| Bullish color | color | color.lime | bullColor |
| Bearish color | color | color.red | bearColor |
| Unconfirmed color | color | color.gray | neutralColor |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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