QM Level Detector by RWBTradeLab

QM Level Detector by RWBTradeLab

A clean, non-repainting QM level detector built for traders who track structure shifts and level-break sequences using confirmed candles only.

What this indicator does
This script detects and marks QM Levels based on a strict, rule-based sequence using closed candles only (no running-bar signals).

It identifies two types of QM:

Buy QM
A Buy QM is confirmed when the following sequence completes in order:
* V Level is detected.
* That V Level is broken down by a red candle close below the V Level price.
* After that breakdown, the most recent A Level (formed before the breakdown) is identified.
* When that A Level is later broken out by a green candle close above the A Level price, the original V Level becomes a Buy QM Level.

Sell QM
A Sell QM is confirmed when the opposite sequence completes in order:
* A Level is detected.
* That A Level is broken out by a green candle close above the A Level price.
* After that breakout, the most recent V Level (formed before the breakout) is identified.
* When that V Level is later broken down by a red candle close below the V Level price, the original A Level becomes a Sell QM Level.

Visuals on chart
* A horizontal ray (right-extended) is drawn at the confirmed QM price level.
* Label distance is adjustable via Text Offset (ticks).

Alerts
Built-in alerts trigger only on candle close when a QM is confirmed:
* Buy QM
* Sell QM

Each alert is designed for reliable automation without repainting.

Key settings
* Candle Length (closed candles): Scans the last N closed bars (running candle excluded).
* Buy QM / Sell QM toggles: Show or hide each type.
* Text toggle: Show or hide labels.
* QM Line Color and Text Offset (ticks) customization.

Non-repainting confirmation

All detection, marking, and alerts are based on confirmed candles only.
No running-bar conditions → no repainting.

Disclaimer
This indicator is a level-detection tool, not financial advice. Trading involves risk—always use proper risk management and confirm signals with your own analysis.

Creator: RWBTradeLab
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