BOS mark-out (by Lumiere)

Advanced BOS Detection with Strict Swing Confirmation


This indicator implements BOS detection with several unique features:

🔹 Dual-Candle Swing Validation - Unlike most BOS indicators that use single candle swings, this uses a two-candle confirmation for swing highs/lows, analyzing both the candle wicks and body transitions.

🔹 Directional Lock System - Implements a state machine that prevents duplicate signals until an opposite-direction BOS occurs, reducing noise.

🔹 Precision Wick Analysis - Compares wicks between the reversal candle and confirmation candle to identify the true swing point.

🔹 Real-Time Update & Live Market Adaptation – The indicator continuously monitors price action and instantly updates BOS signals as new candles form, ensuring you never miss a BOS.

How It Differs From Other BOS Indicators:

• Most public BOS indicators use simple HH/HL or LH/LL detection.
  
• Many don't implement the directional locking mechanism.
  
• Few use the two-candle wick comparison approach.
  
• Wick-Based Precision uses the extreme wicks of two candles (not just the body).
  
• Strict Confirmation requires a close beyond the swing point (no "wick breaks" counted).
  

Usage Examples:

🟦 Bullish BOS:
A green candle closes, followed by a red candle. This will be the new high, and if the next candle closes above the highest wick of those two, it will be a BOS (only if we had a bearish BOS before)

🟥 Bearish BOS:
A red candle closes, followed by a green candle. This will be the new low, and if the next candle closes below the lowest wick of those two, it will be a BOS (only if we had a Bullish BOS before)