Anchored Market Structure
Anchored market structure: swing labels (HH, HL, LH, LL) and breaks of structure computed only from an anchor, such as the start of the UTC day, week or month.
How to read it
- HH / HL sequences show an uptrend, LH / LL a downtrend.
- BOS marks continuation, CHoCH the first break against the trend.
- Anchoring keeps the structure focused on the current period.
Key settings
- Anchor Weekly (also Daily, Monthly or Bars back, 200 bars).
- Pivot length 3; swing labels and BOS / CHoCH on.
Good to know
- Drawn on the price pane, over the candles.
- Computed on the loaded candles of the chart timeframe; levels are set on closed bars.