OPEN-SOURCE SCRIPT
Fractal Structure Indicator BOS CHoCH TGFX
Fractal Market Structure — BOS / CHoCH
OVERVIEW
This tool maps market structure automatically using fractal pivots. It detects swing and internal structure, labels each break as BOS (continuation) or CHoCH (change of character / reversal), tracks the current fractal high and low (FH / FL), highlights the premium and discount zones of the active range, and summarises higher-timeframe structure in a table.
THE CONCEPTS
- Fractal pivots: highs and lows are detected as Williams-style pivots (a high or low with N bars on each side). Two layers are available — swing structure (larger pivots) and internal structure (smaller pivots inside the swings).
- BOS (Break of Structure): price closes beyond the prior structural point in the direction of the trend — a continuation event.
- CHoCH (Change of Character): the first break against the prevailing structure — an early sign of a potential reversal.
- Current FH / FL: the most recent fractal high and low, where liquidity tends to rest.
- Premium / Discount: the active range is split at its 50% equilibrium. Above it is premium (relatively expensive); below it is discount (relatively cheap).
- Multi-timeframe table: shows the structural bias and the zone (premium / discount) of higher timeframes at a glance.
NON-REPAINTING
A fractal is only confirmed once N bars have closed on each side, so a pivot is fixed after confirmation and does not repaint. Structure breaks (BOS / CHoCH) are evaluated on bar close.
SETTINGS
- Swing fractal length and internal fractal length.
- Show / hide internal structure.
- Show current FH / FL lines and labels.
- Show BOS / CHoCH labels.
- Show premium / discount zones.
- Colors, line extension, and the multi-timeframe table (timeframes and position).
HOW TO READ IT
- Green = bullish structure, red = bearish structure.
- BOS suggests trend continuation; CHoCH warns of a possible reversal.
- Price reaching discount within a bullish bias, or premium within a bearish bias, is the classic context many traders use to look for entries in the direction of structure.
NOTES
This script is an original implementation of standard, public price-action concepts (fractal pivots, market structure, BOS / CHoCH, premium / discount, equilibrium). It is a visualization and context tool — it does not generate buy/sell signals and makes no claim about future performance. Best used together with your own analysis and risk management.
OVERVIEW
This tool maps market structure automatically using fractal pivots. It detects swing and internal structure, labels each break as BOS (continuation) or CHoCH (change of character / reversal), tracks the current fractal high and low (FH / FL), highlights the premium and discount zones of the active range, and summarises higher-timeframe structure in a table.
THE CONCEPTS
- Fractal pivots: highs and lows are detected as Williams-style pivots (a high or low with N bars on each side). Two layers are available — swing structure (larger pivots) and internal structure (smaller pivots inside the swings).
- BOS (Break of Structure): price closes beyond the prior structural point in the direction of the trend — a continuation event.
- CHoCH (Change of Character): the first break against the prevailing structure — an early sign of a potential reversal.
- Current FH / FL: the most recent fractal high and low, where liquidity tends to rest.
- Premium / Discount: the active range is split at its 50% equilibrium. Above it is premium (relatively expensive); below it is discount (relatively cheap).
- Multi-timeframe table: shows the structural bias and the zone (premium / discount) of higher timeframes at a glance.
NON-REPAINTING
A fractal is only confirmed once N bars have closed on each side, so a pivot is fixed after confirmation and does not repaint. Structure breaks (BOS / CHoCH) are evaluated on bar close.
SETTINGS
- Swing fractal length and internal fractal length.
- Show / hide internal structure.
- Show current FH / FL lines and labels.
- Show BOS / CHoCH labels.
- Show premium / discount zones.
- Colors, line extension, and the multi-timeframe table (timeframes and position).
HOW TO READ IT
- Green = bullish structure, red = bearish structure.
- BOS suggests trend continuation; CHoCH warns of a possible reversal.
- Price reaching discount within a bullish bias, or premium within a bearish bias, is the classic context many traders use to look for entries in the direction of structure.
NOTES
This script is an original implementation of standard, public price-action concepts (fractal pivots, market structure, BOS / CHoCH, premium / discount, equilibrium). It is a visualization and context tool — it does not generate buy/sell signals and makes no claim about future performance. Best used together with your own analysis and risk management.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.