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Structure Break + Confirmation (First Signal Only)

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Swing Detection:

A Swing High is detected when the high of the central candle (based on a lookback period) is greater than the highs of the candles before and after.

A Swing Low is detected when the low of the central candle is lower than the lows of the candles before and after.

Break of Structure (BOS):

A BOS Up is confirmed when a candle closes above the most recent swing high (with a body close).

A BOS Down is confirmed when a candle closes below the most recent swing low.

Confirmation (CONF):

A CONF Up is triggered when price makes a new high after a BOS Up.

A CONF Down is triggered when price makes a new low after a BOS Down.

Only the first confirmation after a BOS is plotted.

Visuals:

Cross marks (×) are plotted at swing points.

BOS signals are shown with green (up) and red (down) labels.

CONF signals are shown with lime (up) and orange (down) triangle markers.

Dotted lines are drawn at the levels of broken swing highs/lows.

Penafian

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