OPEN-SOURCE SCRIPT
Williamspilot free - institucional structure system (SMC/ICT)
**Williamspilot Free — Institutional Market Structure Reading System**
Free indicator based on Williamspilot®'s institutional methodology. Built for traders who want to read market structure clearly, without cluttering the chart.
**Includes:**
▸ **Premium / Equilibrium / Discount zones** with lines and exact price labels at the right edge of the chart
▸ **Market structure**: automatic HH / LH / HL / LL with color coding (green bullish, red bearish)
▸ **BOS** (Break of Structure) and **CHoCH** (Change of Character) with horizontal line connecting swing → break candle
▸ **Previous levels**: PDH, PDL, PWH, PWL with exact value at the right edge
▸ **Fair Value Gaps (FVG)** bullish and bearish with automatic mitigation
▸ **Info table** showing current zone, structure state, last event, and timeframe
▸ **Configurable alerts**: BOS/CHoCH breaks, new FVGs, PDH/PDL crosses, Premium or Discount zone entries
**How to use:**
1. Add to any symbol and timeframe (recommended: 5m to 1h on futures, forex, indices)
2. Identify the current zone from the table (Premium / EQ / Discount)
3. Wait for a BOS or CHoCH as institutional direction confirmation
4. Use FVGs and previous levels (PDH/PDL) as entry zones and targets
**Tips:**
- On low timeframes (1m, 3m) FVGs mitigate quickly and barely show. Use 5m-1h for best results.
- If too many swing labels (HH/LH/HL/LL) saturate the chart, increase "Sensibilidad del pivote" from 10 to 15-20.
- Default zone calculation is "Lookback 50 bars". For session-based zones (D/W/M), change in settings.
**About the methodology:**
Williamspilot Free is the introductory version of a broader institutional reading system. The full methodology includes institutional filters (intention, volume, minimum displacement), Order Blocks, HTF (High Timeframe) reading, flow dashboard, and an Institutional Notebook. More info at **williamspilot.com**
⚠ **Disclaimer:** This indicator is for educational purposes. Trading involves risk of loss. It does not constitute financial advice or an investment recommendation. Past results do not guarantee future results. Each user is responsible for their own trading decisions. ```
Free indicator based on Williamspilot®'s institutional methodology. Built for traders who want to read market structure clearly, without cluttering the chart.
**Includes:**
▸ **Premium / Equilibrium / Discount zones** with lines and exact price labels at the right edge of the chart
▸ **Market structure**: automatic HH / LH / HL / LL with color coding (green bullish, red bearish)
▸ **BOS** (Break of Structure) and **CHoCH** (Change of Character) with horizontal line connecting swing → break candle
▸ **Previous levels**: PDH, PDL, PWH, PWL with exact value at the right edge
▸ **Fair Value Gaps (FVG)** bullish and bearish with automatic mitigation
▸ **Info table** showing current zone, structure state, last event, and timeframe
▸ **Configurable alerts**: BOS/CHoCH breaks, new FVGs, PDH/PDL crosses, Premium or Discount zone entries
**How to use:**
1. Add to any symbol and timeframe (recommended: 5m to 1h on futures, forex, indices)
2. Identify the current zone from the table (Premium / EQ / Discount)
3. Wait for a BOS or CHoCH as institutional direction confirmation
4. Use FVGs and previous levels (PDH/PDL) as entry zones and targets
**Tips:**
- On low timeframes (1m, 3m) FVGs mitigate quickly and barely show. Use 5m-1h for best results.
- If too many swing labels (HH/LH/HL/LL) saturate the chart, increase "Sensibilidad del pivote" from 10 to 15-20.
- Default zone calculation is "Lookback 50 bars". For session-based zones (D/W/M), change in settings.
**About the methodology:**
Williamspilot Free is the introductory version of a broader institutional reading system. The full methodology includes institutional filters (intention, volume, minimum displacement), Order Blocks, HTF (High Timeframe) reading, flow dashboard, and an Institutional Notebook. More info at **williamspilot.com**
⚠ **Disclaimer:** This indicator is for educational purposes. Trading involves risk of loss. It does not constitute financial advice or an investment recommendation. Past results do not guarantee future results. Each user is responsible for their own trading decisions. ```
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.