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MSS Indicator

Description:

I would like to request the addition of the Market Structure Shift (MSS) indicator to the Forex replay tool. This indicator is vital for traders focusing on trend changes based on price action.

Details:

  • MSS Indicator: Functionality: Identifies when a previous trend ends and a potential new trend begins. It marks when the price moves beyond a previous high or low in a counter-trend direction. Visual Representation: Should use graphical markers or lines to show where a change of market character occurs.

  • Benefits: Better Trend Analysis: Helps traders detect when the market might be shifting its structure, useful for strategy backtesting in replay mode. Educational Insight: Assists in teaching traders about market dynamics and structure changes.

References: MSS is discussed widely in trading communities; similar implementations can be found on platforms like TradingView for reference.

Status: Planned2 comments

Comments2

  • Serhii S.

    Team•

    Jan 3, 2025

    Hi @User! Thank you for suggesting the inclusion of the Market Structure Shift (MSS) indicator. We appreciate your detailed description of its functionality, visual requirements, and the benefits it offers to traders. Your suggestion aligns well with our mission to enhance trading tools for both practical and educational purposes. Thank you for your valuable input!

  • Oleksii (Support)

    •

    Jan 3, 2025

    Dear, Thank you for the detailed suggestion. We plan to add more indicators and possibility to upload custom indicators in future updates.