Preview Mentfx Structure by FX Replay" is an in-house indicator inspired by the original Mentfx Structure concept on TradingView. It's designed to help you automatically visualize market structure, identify bullish or bearish trends, and better understand price movement dynamics — directly within the FX Replay platform.

What does it do?

This indicator dynamically updates swing highs and lows to reflect the current market structure in real time. It’s especially useful for traders who follow Smart Money Concepts (SMC), ICT, or any strategy based on price action and order flow.

A swing high is defined as a high with lower highs on both sides.

A swing low is defined as a low with higher lows on both sides.

The structure flips from bullish to bearish (or vice versa) based on these validated swings and key breaks in price.

How does it work?

When the structure is bullish, it continues plotting higher highs until a valid swing high is formed.

The low is updated based on the last time a candle closed below the previous candle’s low.

When the structure is bearish, it continues plotting lower lows until a valid swing low is formed.

The high is updated based on the last time a candle closed above the previous candle’s high.

This allows you to visually track trend shifts, confirm market bias, and plan entries/exits based on structural intent.

Why is this helpful?

Stay in sync with market structure direction

Clearly see trend continuation or potential reversals

Use structural breaks as confirmation for your trading ideas

Backtest structure-based setups efficiently inside FX Replay without needing to manually draw highs and lows

Use cases:

Combine it with Order Blocks, AMD cycle tools, or FVGs for advanced Smart Money trading setups

Study how price transitions between higher highs/lows and lower highs/lows

Perfect for traders using ICT, SMC, Wyckoff, or general price action strategies