OPEN-SOURCE SCRIPT
Market Structure BOS - Session Based (5m, NY Time)
This indicator visualizes market structure using a strict, rule-based
Break of Structure (BOS) logic, calculated on the 5-minute timeframe
and evaluated in New York time.
The script detects swing Highs and Lows based on candle direction
(bullish → bearish for Highs, bearish → bullish for Lows). From each
validated structure point, a horizontal level is drawn at the true
price extreme (wick included). Once created, structure levels never
repaint or move.
A Break of Structure is confirmed only when a candle CLOSES beyond
the most recent valid structure level:
- Bullish BOS: close above the latest High
- Bearish BOS: close below the latest Low
The indicator is trend-aware: once a bullish or bearish BOS is confirmed,
only BOS signals in the same direction are shown until the trend changes.
This prevents duplicate or redundant structure breaks during trends.
Session logic is fully integrated and based on New York time:
- Asia
- London (with pre-open range)
- New York (with pre-open range)
Structure levels and BOS logic can optionally reset at the end of each
New York trading day, keeping the chart clean and session-relevant.
The indicator is designed for traders who focus on intraday price action,
market structure, and session-based behavior without visual clutter.
No labels, alerts, or signals are plotted — only clean structure levels.
Break of Structure (BOS) logic, calculated on the 5-minute timeframe
and evaluated in New York time.
The script detects swing Highs and Lows based on candle direction
(bullish → bearish for Highs, bearish → bullish for Lows). From each
validated structure point, a horizontal level is drawn at the true
price extreme (wick included). Once created, structure levels never
repaint or move.
A Break of Structure is confirmed only when a candle CLOSES beyond
the most recent valid structure level:
- Bullish BOS: close above the latest High
- Bearish BOS: close below the latest Low
The indicator is trend-aware: once a bullish or bearish BOS is confirmed,
only BOS signals in the same direction are shown until the trend changes.
This prevents duplicate or redundant structure breaks during trends.
Session logic is fully integrated and based on New York time:
- Asia
- London (with pre-open range)
- New York (with pre-open range)
Structure levels and BOS logic can optionally reset at the end of each
New York trading day, keeping the chart clean and session-relevant.
The indicator is designed for traders who focus on intraday price action,
market structure, and session-based behavior without visual clutter.
No labels, alerts, or signals are plotted — only clean structure levels.
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.