OPEN-SOURCE SCRIPT
forex swing
It detects swing highs and lows based on a chosen length.
When price breaks these levels, it marks BOS (Break of Structure) or CHOCH (Change of Character).
It tracks the current trend (bullish or bearish) based on these breaks.
👉 Then it adds a filter using the Weekly Pivot:
If price is above Weekly Pivot + bullish structure → green background
If price is below Weekly Pivot + bearish structure → red background
✔️ It also plots the Weekly Pivot line on the chart.
In simple terms:
➡️ It shows market structure (SMC) + confirms it using Weekly Pivot to highlight bullish/bearish zones visually.
When price breaks these levels, it marks BOS (Break of Structure) or CHOCH (Change of Character).
It tracks the current trend (bullish or bearish) based on these breaks.
👉 Then it adds a filter using the Weekly Pivot:
If price is above Weekly Pivot + bullish structure → green background
If price is below Weekly Pivot + bearish structure → red background
✔️ It also plots the Weekly Pivot line on the chart.
In simple terms:
➡️ It shows market structure (SMC) + confirms it using Weekly Pivot to highlight bullish/bearish zones visually.
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.