Level Scope › Market structure
Market structure shift (backtrex T2)
A change of character that also swept liquidity, printed a significant body, and left a fair value gap. All four conditions at once, under backtrex's T2 taxonomy — the only fully codeable specification we found.
What it looks like on a chart
A horizontal line at the level that was broken, drawn forward from the shift bar.
| Timeframe | Bars of history it reads | Settings | Events, last 30 days |
|---|---|---|---|
| M15 | 240 | backtrex T2; swing half-width n=5; body >= 60%; emitted one bar after the break, as the spec requires | 35 |
| M30 | 240 | backtrex T2; swing half-width n=5; body >= 60%; emitted one bar after the break, as the spec requires | 10 |
| H1 | 240 | backtrex T2; swing half-width n=5; body >= 60%; emitted one bar after the break, as the spec requires | 8 |
| H4 | 240 | — | 0 |
| D1 | 240 | — | 0 |
What we measured
Nothing of our own attached. The value here is a strictly specified object, not a claimed edge.
What it does not claim
The label is not decoration. Four taxonomies exist and two invert each other: under T2 an MSS is rarer than a CHoCH, under T3 it is more frequent, and LuxAlgo concedes neither usage is official. A product that says “MSS” without saying whose means the opposite thing to half its readers.
Where the definition comes from
MSS (backtrex T2) — four taxonomies exist and two invert each other, so the name travels with the event