YeungKwan wrote: Tue Nov 12, 2024 6:59 pm Mr tools! This is a good indicator. please convert this indicator to mt4. thank you very much

Market Structure Oscillator

The Market Structure Oscillator indicator looks at changes in market structure over different time frames, including short-term, intermediate-term, and long-term. It shows this information as oscillators and graphs on the main price chart, making it easier to see what's happening in real-time.

By presenting the market structures as oscillators, traders can better understand the momentum and strength of trends. This helps them spot possible trend reversals and offers new insights to improve their analysis of traditional market structures.

The on-chart structures are labelled as:

• Breaks of Structure (BoS) which signifies the continuation of the existing market trend
• Change of Character (CHoCH) suggests a potential shift in market sentiment or direction

The indicator analyzes price patterns using a price action methodology and identifies market structures across various timeframes. The data is then normalized and weighted to produce the final value of the Market Structure Oscillator.

Here you go. It was easy to check on Lux Algo website.