Thrax

Market Structure Scanner

Market Structure scanner toolset is a part of thrax price action designed to provide traders with insights into the current state of the market. By analyzing various aspects of market structure, traders can gain a deeper understanding of price movements and make informed trading decisions.

Key Features

1. Real-Time Market Structure

Description: Real-Time Market Structure analysis provides traders with up-to-the-moment insights into the prevailing market conditions, including key support and resistance levels and other structural elements. Purpose: Traders can use this feature to gauge the immediate direction of price movements and identify potential entry and exit points.

  1. If Thrax-Market Structure is swtiched on then real time market structure is disaplyed on chart as shown below

    Real-time-MTF
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  1. If HH,HL,LL,LH is selected, high low points are plotted on chart

    Real-time-MTF-hhll

  2. If strong high and strong low is slected then the same is displayed on chart

    Real-time-MTF-sw

2. Higher Time Frame Market Structure

Description: Higher Time Frame Market Structure analysis allows traders to zoom out and analyze the broader market trends and structural formations across longer time frames. Purpose: By understanding the market's higher time frame structure, traders can gain valuable context for their trading decisions and avoid getting caught up in short-term fluctuations.

  1. Traders can select any higher time frame to know the market structure on a higher time frame

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3. Small Interval Market Structure

Description: Small Interval Market Structure analysis focuses on capturing short-term price movements and structural patterns within smaller time intervals. Purpose: Traders can use this feature to identify intraday trends, support and resistance levels, and potential reversal points, enabling more precise timing for trade entries and exits.

Traders can select thrax samll interval market strucure to understand short term market structure. Addiotnally, a funnel can be selected to filter only releavnt short term structure.

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By utilizing Market Structure Analysis in conjunction with other features such as Order Blocks, FVG, Volume analysis, traders can develop a comprehensive trading strategy that incorporates both macro and micro-level market dynamics for enhanced trade initiation and management.

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