OPEN-SOURCE SCRIPT
GTS5.alvin - BOS/ChoCH
💥 Smart Market Structure • Break of Structure • Change of Character • Swing Intelligence
🚀 What This Indicator Does
The GTS5.alvin - BOS/ChoCH is a precision market structure tracker that automatically identifies:
📈 Higher Highs (HH) & Higher Lows (HL)
📉 Lower Highs (LH) & Lower Lows (LL)
⚡ Breaks of Structure (BOS)
🔄 Change of Character (ChoCH)
🧭 Real-time market bias shifts
📊 Key swing levels with automatic breakout detection
This is not a basic structure tool.
This is a clean, execution-grade market intelligence system designed to show you what price is actually doing — not what you think it’s doing.
🧬 Why This Indicator Hits Different
Most traders lose because they are:
Trading random highs/lows
Guessing trend direction
Entering before structure confirms
Reacting emotionally instead of structurally
This tool fixes that.
It builds a clean narrative of the market:
“Where is structure forming?”
“Where did it break?”
“Was that continuation… or reversal?”
Now you always know.
⚔️ Core Features
🧱 True Market Structure Detection
MUST use a 11-candle swing model (5 left / pivot / 5 right) to accurately define:
No noisy micro-swings. Only meaningful structure.
🔥 BOS & ChoCH Engine
Automatically distinguishes:
💥 BOS (Break of Structure) → continuation trend behavior
🔁 ChoCH (Change of Character) → potential reversal zones
Color-coded and labeled directly on chart for instant clarity.
🧭 Bias Tracking (Hidden Edge)
The script continuously tracks directional bias:
Bullish (1)
Bearish (-1)
Neutral (0)
This allows perfect classification of:
Trend continuation vs reversal breaks
LH/HL vs HH/LL behavior shifts
📊 Smart Swing Labels
Auto-labels:
HH / HL → bullish structure
LH / LL → bearish structure
Minimal chart clutter. Maximum meaning.
📍 Break Level Mapping
Every structural break includes:
Horizontal level projection
Mid-level BOS/ChoCH label
Break candle marker tag
You don’t just see the break —
you see exactly where it came from.
⚡ Wick or Close Break Logic
Choose how structure is validated:
Close-based confirmation (cleaner, stricter)
Wick-based detection (faster, aggressive)
Perfect for scalpers or swing traders.
🔔 Advanced Alert System
Built-in alerts for:
Bullish Breaks
Bearish Breaks
HH → BOS continuation events
LL → BOS continuation events
New Higher Highs
New Lower Lows
This turns your chart into a semi-automated signal radar.
🧠 How Traders Use It
📈 Trend Following
Wait for:
BOS in direction of bias
Then ride continuation after HH/HL confirmation
🔄 Reversal Detection
Look for:
ChoCH after strong HH/HL or LL/LH sequence
Bias flip + structure break alignment
⚡ Smart Entries
Combine:
Swing structure
Break levels
ChoCH confirmation
To enter with institutional-style timing instead of retail guessing
🧩 What Makes It Different From Other Structure Tools
Most indicators:
❌ Show messy swings
❌ Don’t distinguish BOS vs ChoCH properly
❌ Don’t track bias
❌ Overload charts with noise
This one:
✔ Clean structure logic
✔ Context-aware labeling
✔ Bias-driven classification
✔ Minimal but powerful visuals
✔ Designed for real execution decisions
🎯 Ideal For
Smart Money Concept traders (SMC)
Price action traders
ICT-style traders
Scalpers & intraday traders
Swing traders needing structure confirmation
⚡ Final Thought
If you don’t know where structure broke…
You’re not trading.
You’re guessing.
This indicator turns chaos into a readable market story:
Structure → Break → Confirmation → Bias → Opportunity
No noise. No confusion. Just clarity.
=======================
NOTE FROM THE CREATOR:
=======================
Combine this indicator with the GTS5.alvin - HMA Tracker 2.0 then use the following strategy to help better your trading edge:
If so, consider entering the trade with the momentum. (If the meter measures less than 50% then consider waiting for another setup.)
Take profit: Once expansion/strength meter falls back to 50% then consider exiting trade.
Stop Loss: Consider placing behind HH/LL market structure swing.
---------------------------------
Disclaimer: This is ONLY for educational purposes only! This indicator will NOT print you money. My success does NOT guarantee your success. I have EXTENSIVE EXPERTISE IN MARKET MANIPULATIONS! Use at your own discretion.
🚀 What This Indicator Does
The GTS5.alvin - BOS/ChoCH is a precision market structure tracker that automatically identifies:
📈 Higher Highs (HH) & Higher Lows (HL)
📉 Lower Highs (LH) & Lower Lows (LL)
⚡ Breaks of Structure (BOS)
🔄 Change of Character (ChoCH)
🧭 Real-time market bias shifts
📊 Key swing levels with automatic breakout detection
This is not a basic structure tool.
This is a clean, execution-grade market intelligence system designed to show you what price is actually doing — not what you think it’s doing.
🧬 Why This Indicator Hits Different
Most traders lose because they are:
Trading random highs/lows
Guessing trend direction
Entering before structure confirms
Reacting emotionally instead of structurally
This tool fixes that.
It builds a clean narrative of the market:
“Where is structure forming?”
“Where did it break?”
“Was that continuation… or reversal?”
Now you always know.
⚔️ Core Features
🧱 True Market Structure Detection
MUST use a 11-candle swing model (5 left / pivot / 5 right) to accurately define:
- Swing highs
- Swing lows
- Market structure shifts
No noisy micro-swings. Only meaningful structure.
🔥 BOS & ChoCH Engine
Automatically distinguishes:
💥 BOS (Break of Structure) → continuation trend behavior
🔁 ChoCH (Change of Character) → potential reversal zones
Color-coded and labeled directly on chart for instant clarity.
🧭 Bias Tracking (Hidden Edge)
The script continuously tracks directional bias:
Bullish (1)
Bearish (-1)
Neutral (0)
This allows perfect classification of:
Trend continuation vs reversal breaks
LH/HL vs HH/LL behavior shifts
📊 Smart Swing Labels
Auto-labels:
HH / HL → bullish structure
LH / LL → bearish structure
Minimal chart clutter. Maximum meaning.
📍 Break Level Mapping
Every structural break includes:
Horizontal level projection
Mid-level BOS/ChoCH label
Break candle marker tag
You don’t just see the break —
you see exactly where it came from.
⚡ Wick or Close Break Logic
Choose how structure is validated:
Close-based confirmation (cleaner, stricter)
Wick-based detection (faster, aggressive)
Perfect for scalpers or swing traders.
🔔 Advanced Alert System
Built-in alerts for:
Bullish Breaks
Bearish Breaks
HH → BOS continuation events
LL → BOS continuation events
New Higher Highs
New Lower Lows
This turns your chart into a semi-automated signal radar.
🧠 How Traders Use It
📈 Trend Following
Wait for:
BOS in direction of bias
Then ride continuation after HH/HL confirmation
🔄 Reversal Detection
Look for:
ChoCH after strong HH/HL or LL/LH sequence
Bias flip + structure break alignment
⚡ Smart Entries
Combine:
Swing structure
Break levels
ChoCH confirmation
To enter with institutional-style timing instead of retail guessing
🧩 What Makes It Different From Other Structure Tools
Most indicators:
❌ Show messy swings
❌ Don’t distinguish BOS vs ChoCH properly
❌ Don’t track bias
❌ Overload charts with noise
This one:
✔ Clean structure logic
✔ Context-aware labeling
✔ Bias-driven classification
✔ Minimal but powerful visuals
✔ Designed for real execution decisions
🎯 Ideal For
Smart Money Concept traders (SMC)
Price action traders
ICT-style traders
Scalpers & intraday traders
Swing traders needing structure confirmation
⚡ Final Thought
If you don’t know where structure broke…
You’re not trading.
You’re guessing.
This indicator turns chaos into a readable market story:
Structure → Break → Confirmation → Bias → Opportunity
No noise. No confusion. Just clarity.
=======================
NOTE FROM THE CREATOR:
=======================
Combine this indicator with the GTS5.alvin - HMA Tracker 2.0 then use the following strategy to help better your trading edge:
- Wait for a BOS of a HH/LL
- Then immediately check to see if the expansion/strength meter measures 50%+
If so, consider entering the trade with the momentum. (If the meter measures less than 50% then consider waiting for another setup.)
Take profit: Once expansion/strength meter falls back to 50% then consider exiting trade.
Stop Loss: Consider placing behind HH/LL market structure swing.
---------------------------------
Disclaimer: This is ONLY for educational purposes only! This indicator will NOT print you money. My success does NOT guarantee your success. I have EXTENSIVE EXPERTISE IN MARKET MANIPULATIONS! Use at your own discretion.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.