🔵 Introduction Market Structure is the foundation for identifying trends in the market, crucial in technical analysis and strategies like ICT and SMC. Understanding key concepts such as Break of Structure (BOS) and Change of Character (CHOCH) helps traders recognize critical shifts in the market. BOS, referring to a Market Structure Change (BMS), and CHOCH or...
The "Internal/External Market Structure " indicator is a tool designed to identify and visualize internal and external market structure based on swing highs and lows. It helps traders understand short-term (internal) and long-term (external) price behavior. 🔶 What are ChoCH and BoS? Change of Character (ChoCH) Change of character refers to the reversal...
LOWESS (Locally Weighted Scatterplot Smoothing) ⯁ OVERVIEW The LOWESS (Locally Weighted Scatterplot Smoothing) [ ChartPrime ] indicator is an advanced technical analysis tool that combines LOWESS smoothing with a Modified Adaptive Gaussian Moving Average. This indicator provides traders with a sophisticated method for trend analysis, pivot point...
The Market Structure Oscillator indicator analyzes and synthesizes short-term, intermediate-term, and long-term market structure shifts and breaks, visualizing the output as oscillators and graphical representations of real-time market structures on the main price chart. The oscillator presentation of the detected market structures helps traders visualize trend...
🟣 Introduction 🔵 Market Structure Grasping market structure entails examining market behavior. Essentially, market structure refers to the formation and progression of the market within its trends. Market structures are generally fractal and nested, leading us to classify them into internal (minor) and external (major) structures. There are several...
🟣Introduction Understanding market structure involves analyzing market behavior. In other words, market structure encompasses how the market forms and evolves within trends. Market structures are typically fractal and nested, so we categorize them into internal (minor) and external (major) structures. There are various definitions of market structure, with...
🔵 Introduction The "Smart Money Concept" transcends mere technical trading strategies; it embodies a comprehensive philosophy elucidating market dynamics. Central to this concept is the acknowledgment that influential market participants manipulate price actions, presenting challenges for retail traders. As a "retail trader", aligning your strategy with the...
The Market Structure (Intrabar) indicator is designed to automatically detect and highlight real-time intrabar market structures, a core component of the Smart Money Concepts methodology. 🔶 USAGE The proposed indicator gives a detailed picture of the most recent candle lower timeframe trends, highlighting market structures within them. This can be...
💎 GENERAL OVERVIEW Introducing our new Market Structures Screener! This screener can provide information about the latest market structures in up to 5 tickers. You can also customize the styling of the screener. Features of the new Market Structures Screener : Find Latest Market Structures Across 5 Tickers Break Of Structure (BOS) Change of Character...
The Market Structure with Inducements & Sweeps indicator is a unique take on Smart Money Concepts related market structure labels that aims to give traders a more precise interpretation considering various factors. Compared to traditional market structure scripts that include Change of Character (CHoCH) & Break of Structures (BOS) -- this script also includes the...
The " Smart Money Breakouts " indicator is designed to identify breakouts based on changes in character (CHOCH) or breaks of structure (BOS) patterns, facilitating automated trading with user-defined Take Profit (TP) level. the indicator incorporates essential elements such as volume analysis and a data table to assist traders in optimizing their...
This indicator is designed to identify and track swing highs and lows in a given market on any timeframe. It plots these swing highs and lows as solid lines on the chart. The indicator allows for customization of the line color and width and using another timeframe. The indicator follows specific rules to determine when a new high or low is created. If the...
The Market Structure CHoCH/BOS (Fractal) indicator is an experimental take on classical market structure, whereas fractal patterns are used for their construction instead of swing points. Compared to utilizing swing points for highlighting market structure like our Smart Money Concepts indicator , fractal-based market structure can appear as more adaptive,...
This script returns trailing stops on the occurrence of market structure (CHoCH/BOS labeling). Trailing stops are adjusted based on trailing maximums/minimums with the option for users to be able to control how quickly a trailing stop can converge toward the price. 🔶 SETTINGS Pivot Lookback: Pivot length used for the detection of swing points. Increment...
//Purpose: This indicator combines several tools to help traders track and interpret price action/market structure; It can be divided into 4 parts; 1. CHoCHs, 2. Nested Pivot highs & lows, 3. Grade sweeps, 4. FVGs. This gives the trader a toolkit for determining market structure and shifts in market structure to help determine a bull or bear bias, whether it be...
This indicator is meant for education and experimental purposes only. Many Market Structure Script out there isn't open-sourced and some could be complicated to understand to modify the code. Hence, I published this code to make life easier for beginner programmer like me to modify the code to fit their custom indicator. As I am not a expert or pro in coding...
🎲 Overview 🎯 This BOS(Break Of Structure) indicator build based on different MA such as EMA/RMA/HMA, it's usually earlier than pivothigh() method when trend beginning, customer your BOS with 2 parameters now. 🎲 Indicator design logic 🎯 The logic is simple and code looks complex, I‘ll explain core logic but not code details. 1. use close-in EMA's...
Mark Structure Show is building the market swing structure, minor and sub structure and marks all possible insignificant pivots This indicator is the alternative version of Mark Structure indicator, I had to create another indicator in order to avoid programming limitation of TreadingView. This version uses confirmation approach as confirming by body, it means...