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BOS & CHoCH (v6, UA)

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The logic of the trading strategy
This is a well-structured and concise summary of a trading strategy based on market structure analysis. Here is the English translation.

Swings
ta.pivothigh/low on a selected structure timeframe (TF). When a swing is confirmed, we fix the level and the bar_index of the current chart as an anchor for a horizontal line.

BOS (Break of Structure)
A breakout of the last Swing High (SH) or Swing Low (SL) in the direction of the current trend.

CHoCH (Change of Character)
A breakout against the trend, signaling a potential trend reversal.

Breakout
By close or by high/low (you can switch the breakout confirmation mode to closing price).

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.