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
SCL True Market Structure
Tracks local swing highs and lows to determine market structure and current market bias.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code489
Settings11inputs
LicenceNone stated
Last update5 months ago27 May 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
SCL True Market Structure draws horizontal price lines required to break structure, labels structural reversals or breaks, and highlights Buy The Dip and Sell The Rally setup points. Settings allow customizing display detail, toggling background bias fills, setting forced fractal confirmation after a specified number of bars, and filtering break types.
- Local swing high and swing low tracking
- Market structure break levels with price lines
- Buy The Dip and Sell The Rally setup labels
- Market bias background coloring and state display
- Configurable forced fractal confirmation bar limit
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Trend, Support & resistance
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 |
|---|---|---|---|
| Display Local Highs & Lows | string | Full Text | inputLabelDisplayMode |
| Keep Only Most Recent High & Low Label | bool | false | inputKeepOnlyLastLabel |
| Display Current Market Bias Label | string | Full Text | currentStateLabelDisplayMode |
| ▻▻▻ How Many Bars Ahead to Draw Label | int | 3 | inputCurrentStateLabelOffset |
| Colour Background According to Market Bias | bool | true | inputMarketBiasBackgroundFill |
| Show Breaks in Market Structure | string | Reversals Only | inputShowBreakMode |
| Show Close Needed to Break Market Structure | bool | true | inputShowBreakLines |
| ▻▻▻ Display Price For The Break | bool | true | inputShowBreakPrice |
| Show Buy The Dip, Sell The Rally | bool | true | inputShowEntries |
| Force Confirmation of Highs & Lows After N Bars | bool | true | inputForceConfirmation |
| ▻▻▻ Number of Bars | int | 20 | inputForceBars |
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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