OPEN-SOURCE SCRIPT

Previous Session Range + Projected Candles + BOS/CHOCH Protected

Overview:

Previous Session Range + Projected Candles + BOS/CHOCH Protected is a multi-feature price action framework designed to combine session context, market structure, and protected liquidity logic into a single overlay.

The indicator builds and extends the previous session range across the active session, projects both the previous and current session candles for quick visual comparison, and tracks BOS (Break of Structure) and CHOCH (Change of Character) events using swing-based structure logic.

In addition, the script introduces protected high/low tracking, allowing traders to monitor structural invalidation levels after bullish or bearish shifts. Optional displacement filtering can also be enabled to require stronger momentum and candle participation before structure breaks are confirmed.

The framework is intended to help traders:

identify continuation vs reversal conditions,
understand session positioning,
track protected liquidity,
monitor structural shifts,
and improve contextual decision-making.

Core features include:

Previous session high/low range box
50% equilibrium midpoint
Previous + active projected session candles
BOS / CHOCH market structure detection
Protected high / low logic
Optional displacement confirmation filter
Structure invalidation tracking
Customizable visuals and alerts

The indicator is best used as a contextual analysis tool rather than a standalone entry system and works especially well when combined with higher timeframe bias, liquidity concepts, fair value gaps (FVGs), VWAP, volume profile, or session-based trading models.

//────────────────────────────────────────────
// DISCLAIMER
//────────────────────────────────────────────
//
// This indicator is provided for educational
// and informational purposes only.
//
// It is a market-structure and price-action
// analysis tool designed to assist with
// contextual decision-making.
//
// The script does NOT provide financial,
// investment, or trading advice.
//
// Nothing in this indicator should be
// interpreted as a recommendation to buy,
// sell, or hold any financial instrument.
//
// Trading involves substantial risk.
// Past performance does not guarantee
// future results.
//
// Users are solely responsible for their
// own trading decisions, risk management,
// and capital allocation.
//
// The author assumes no responsibility
// for financial losses, damages, or
// decisions made from use of this script.
//
// This tool should be used in conjunction
// with additional analysis, confirmation,
// and proper risk management.
//
// BOS, CHOCH, protected levels, session
// ranges, projections, and displacement
// logic are analytical references — not
// guaranteed predictive signals.
//
// Use at your own risk.
//────────────────────────────────────────────

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오픈 소스 스크립트

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