Simple Market Structure by Tom

19 Mac

Simple Market Structure by Tom is a clean and efficient trading indicator designed to visually map market structure with ease. It identifies swing highs/lows, break of structure (BOS), and change of character (CHoCH), helping traders analyze price action with precision.

Key Features & Selling Points:
✅ Dual Market Structure Tracking – Supports two independent market structures (MS1 & MS2) with customizable swing lengths.
✅ Customizable BOS & CHoCH Lines – Adjust line styles (solid, dashed, dotted) for clarity.
✅ Toggle BOS & CHoCH Labels – Choose to display BOS & CHoCH labels or keep the chart minimalistic.
✅ Adjustable Structure Icons – Customize icon size and visibility for a cleaner chart experience.
✅ Minimalistic & Adaptable – Easily toggle between a detailed structure breakdown or a simple price action view.

Perfect for price action traders, and swing traders looking to enhance their market structure analysis. 🎯

26 Mac

Nota Keluaran

Simple Market Structure by Tom is a clean and efficient trading indicator designed to visually map market structure with ease. It identifies swing highs/lows, break of structure (BOS), and change of character (CHoCH), helping traders analyze price action with precision.

Key Features & Selling Points:
✅ Milti-Market Structure Tracking – Supports two independent market structures (MS1, MS2 & MS3) with customizable swing lengths.
✅ Customizable BOS & CHoCH Lines – Adjust line styles (solid, dashed, dotted) for clarity.
✅ Toggle BOS & CHoCH Labels – Choose to display BOS & CHoCH labels or keep the chart minimalistic.
✅ Adjustable Structure Icons – Customize icon size and visibility for a cleaner chart experience.
✅ Minimalistic & Adaptable – Easily toggle between a detailed structure breakdown or a simple price action view.

Perfect for price action traders, and swing traders looking to enhance their market structure analysis. 🎯

31 Mac

Nota Keluaran

This indicator is designed to help traders identify key shifts in market structure by highlighting significant swing highs/lows, break of structure (BOS), and change of character (CHoCH) points across three customizable layers of price action.

Core Features:
• Multi-layer Market Structure Detection: Automatically detects swing points using pivot logic across three user-defined timeframes or swing lengths (e.g., micro, mid, macro structure).
• Break of Structure (BOS) & CHoCH Labels: Identifies when price breaks a previous swing high/low and labels it accordingly. CHoCH detection is optional and occurs when the current BOS contradicts the previous one.
• Custom Line Styles & Colors: Each structure layer has independent style controls, including BOS line styles (solid, dashed, dotted) and label size options.
• Fair Value Gaps (FVGs): Highlights unmitigated FVGs (commonly used in smart money concepts) when there is a gap between a candle’s high and the low of two candles ahead or behind. Once price fully mitigates the FVG, it is removed from the chart.
• Smart Monochrome Mode: For cleaner visual output or grayscale charting environments.

Concepts Used:
• The indicator is based on Smart Money Concepts (SMC) and ICT (Inner Circle Trader) methodologies, focusing on market structure shifts and imbalances.
• Swing highs/lows are detected using pivot logic, which looks for a set number of bars to the left and right of a high/low to confirm a pivot.
• BOS occurs when price closes beyond a previous confirmed swing point, and CHoCH represents the first counter-trend break after a series of consistent structure.
• FVGs are calculated based on the logic where a price imbalance exists between candles — a core principle in SMC.

How to Use:
• Use the swing length settings to define the granularity of the structure levels (smaller values for scalping, higher values for trend).
• Enable CHoCH detection if you want to spot early signs of reversals.
• Use FVG zones to identify potential areas of interest or reaction zones.
• Customize styling to suit your chart preferences or use Monochrome Mode for grayscale themes.

This tool is ideal for traders who incorporate price action, structure-based trading, or SMC strategies in their approach.

31 Mac

Nota Keluaran

FVG's added with mitigation logic!

And significant improvement to settings menu with more customisability 😁

31 Mac

Nota Keluaran

Updated name and chart image

3 Apr

Nota Keluaran

Fixed a bug with monochrome mode not applying opacity to the FVG's

Fixed a bug where manually changing the colour of FVG boxes would not change the colour of the box border and mid line

🫡