Looking for a reliable way to decode market structure and spot early trade opportunities?
Introducing the Algo Market Structure indicator — a unique TradingView tool that reads the markets differently, using smart candle-based logic instead of outdated pivot methods. Whether you’re a price action trader, ICT student, or smart money follower, this is a game-changer for your charting setup.
📌 What is the Algo Market Structure Indicator?
The Algo Market Structure is a TradingView indicator designed to read market highs and lows based on bullish and bearish candle sequences, rather than the traditional pivot logic.
🔁 Pivot Method vs. Algo Method:
- Pivot Logic: Looks for the highest/lowest point among past and future candles.
- Algo Method: Focuses on real-time candle behavior — e.g., multiple bullish candles followed by a bearish candle forms a structure high, and vice versa.
This dynamic approach makes it more responsive, realistic, and reliable for live trading.
🔍 Key Features of the Algo Market Structure Indicator
Let’s break down the powerful features that make this indicator stand out:
🕒 1. Customizable Timeframe
- Choose any timeframe equal to or higher than the chart’s current timeframe.
- Avoid timeout issues by not setting structure too far from the active chart timeframe.
- Best Practice: Keep the indicator timeframe close to your chart’s timeframe for smooth performance.
📈 2. Candle-Based Market Structure
- Structure High: 1+ bullish candles → 1 bearish candle
- Structure Low: 1+ bearish candles → 1 bullish candle
- Direction Shift: Occurs when the second most recent high or low (TLQ) is broken.
You’ll see circle labels plot automatically when new Higher Highs (HH) or Lower Lows (LL) form — giving you instant visual cues.
💧 3. ILQ & TLQ – Smart Liquidity Concepts
- ILQ (Inducement Liquidity): Most recent structure high/low, where liquidity likely lies.
- TLQ (Target Liquidity): Second most recent structure point — if this breaks, trend changes and a Break of Structure (BOS) line appears.
These liquidity zones help identify fakeouts, breakouts, and reversals — before most traders catch them.
🔁 4. EPA – Efficient Price Action
When price revisits a past structure point after a BOS, it forms an EPA zone — a smart entry zone similar to ICT breaker blocks.
Note: Works best when indicator and chart are on the same timeframe.
🎯 5. Extremes Zones – The Final Opportunity
These zones highlight the wick of the TLQ candle — your last low-risk entry before a major structural change. Crucial for smart money concepts (SMC) traders.
🧠 6. MSU – Inducement Triggers
Tiny arrows appear when price moves between ILQ and TLQ — alerting you to potential inducements or stop hunts before a reversal.
📦 7. VTA – Valid Trading Range
Plots a box showing where structure formed and broke in the opposite direction:
- Bull VTA: HH → LL → HH
- Bear VTA: LL → HH → LL
- Strict VTA patterns give even more confirmation.
These zones offer clean setups with structure confirmation and liquidity clues.
🎨 8. Auto Bar Coloring
Want instant clarity on market bias? The bar color changes to green (bullish) or red (bearish) based on structure.
💡 Tip: Right-click the indicator and select “Bring to Front” to enable bar coloring correctly.
📊 9. Smart Data Table
The built-in info table shows:
- Current structure (bullish or bearish)
- EPA presence (yes/no)
- MSU signal (yes/no)
- VTA zone (yes/no)
Great for quick glance analysis while trading live markets.
📌 How to Use the Algo Market Structure Indicator
- Add the indicator to your TradingView chart.
- Match the indicator timeframe to your chart timeframe.
- Use the HH/LL markers, BOS lines, and EPA zones to plan your entries.
- Look for VTA zones for confluence and precise setups.
- Use ILQ/TLQ to detect potential stop hunts or trend shifts.
Whether you’re trading forex, crypto, indices, or stocks, this indicator adapts to all markets.
🎥 Inspired by AlgoHub on YouTube
The ideas behind this indicator are inspired by the AlgoHub YouTube channel, known for its smart money concepts and ICT-based price action. However, this tool is built entirely from scratch for performance, speed, and clean chart visuals.
⚠️ Legal & Ethical Note
This indicator is not for resale. If you reuse or modify the code, it must remain open-source to honor the spirit of transparent trading tools. Respect intellectual effort — no black box indicators here!
🚀 Start Trading with Smart Structure
Stop relying on noisy pivot points and outdated tools. The Algo Market Structure indicator gives you a clean, logical, and modern approach to understanding price action.
🔗 Want to try it out?
👉 Click here to get access to the Algo Market Structure Indicator on TradingView
https://www.tradingview.com/script/o0pJo9hm-Algo-Market-Structure-Nephew-Sam/