BoS/CHoCH + Fakeout

RMI • BoS / CHoCH + Fakeout Detector

This indicator identifies true market structure breaks based on Break of Structure (BoS) and Change of Character (CHoCH), combined with a precise Fakeout / Liquidity Sweep detector to filter false breakouts.

The logic is built on Smart Money Concepts (SMC) and ICT market structure, using close-confirmation only instead of wick-based signals.

Key Features

BoS & CHoCH Detection (Major Structure)
– Clear distinction between trend continuation (BoS) and trend reversal (CHoCH)
– Bullish and bearish structures are visually separated by color

Fakeout / Liquidity Sweep Detection
– Detects wick sweeps above highs and below lows
– Fakeouts are automatically removed once a valid structure break occurs
– No overlap between Fakeouts and BoS / CHoCH

Close-Only Confirmation (Institutional Logic)
– Structure is considered broken only after candle close
– Reduces noise and false signals caused by stop hunts

Split-Line Design (Clean Chart)
– Structure lines with centered text gap
– Extremely clean and readable, even on lower timeframes

Potential Next Break (Optional)
– Displays potential next major highs and lows
– Ideal for liquidity targeting and trade planning

Why This Indicator?

This tool is designed for traders who:

want non-repainting structure logic

focus on price action & market structure, not lagging indicators

need a clear distinction between fakeouts and real breaks

trade using SMC / ICT concepts

Perfect for scalping, day trading, and swing trading across Forex, Indices, Crypto, and Commodities.

Disclaimer

This indicator is an analysis tool, not an automated trading system.
For best results, combine it with Order Blocks, Fair Value Gaps (FVG), Liquidity Pools, and session bias.