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Trend Structure Indicator for MT5

The indicator defines market structure by identifying the peaks and bottoms of swings and marking breakouts of BoS (Break of Structure) and ChoCh (Change of Character). Based on the latest breakout, it determines whether the trend is upward or downward.
To prevent peaks and bottoms from occurring too frequently, the user needs to specify the minimum swing size. This swing is calculated as a multiple of the Average True Range (ATR) for each candle. By default, the minimum swing is calculated as three times the ATR with a period of 100 and is individually adjusted for each candle to reflect the current market conditions.

Additionally, users can enable alerts for BoS or ChoCh occurrences. An additional label provides information on the trend direction, the size of the current minimum swing, and the Fibonacci retracement of the current swing.











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