Market structure basics - SMC

In this example, we are going over the basic terminologies of market structure we use in Sonarlab.

Terminology Market Structure
BOS: Break Of Structure - we use this terminology when a swing high or low gets broken when a trend continues.
CHoCH: Change of Character - we use this when there is a change in trend.
SH: Swing High
SL: Swing Low
Protected SH/SL: the swing high that is likely to hold since it is in sync with the trend