Market Structure Coach - HH/HL/LH/LL, BOS and CHoCH Explained
OVERVIEW
Market Structure Coach is an educational overlay that teaches one of the most important skills in chart reading: understanding market structure. It labels every confirmed swing, marks structure breaks, and explains each element in plain language through tooltips (hover or tap a label). A live panel summarizes who controls the structure right now. The interface is available in 11 languages: English, Turkish, Spanish, Portuguese, Russian, German, French, Indonesian, Vietnamese, Chinese and Kurdish (Kurmanji).
WHAT IT SHOWS
- Swing labels: HH (higher high), HL (higher low), LH (lower high), LL (lower low). Each new swing is compared with the previous swing of the same type.
- BOS (Break of Structure): price closes beyond the last swing in the direction of the current structure. It signals trend continuation.
- CHoCH (Change of Character): price closes beyond the last swing against the current structure. It is the first warning that control may be shifting.
- Active swing levels: the most recent unbroken swing high and swing low, drawn as dotted lines extended to the right.
- Optional background tint by structure, and an info panel with the current structure, last swing high and low with their prices, last break and a one-line summary.
HOW IT WORKS
- Swings are detected with pivot highs and lows using the "Swing sensitivity" setting (default 5 bars on each side).
- A new swing high is labeled HH if it is above the previous swing high, otherwise LH. A new swing low is labeled HL if it is above the previous swing low, otherwise LL.
- A break is registered on a bar close beyond the last unbroken swing level. The structure bias is set by the most recent break: a break in the same direction as the bias is a BOS, a break against it is a CHoCH. The first break on the chart is labeled BOS.
- Each swing level can only be broken once. A broken level is redrawn as a solid line from the swing to the breaking bar, with the BOS or CHoCH label in the middle.
HOW TO USE
1. Read the panel first: bullish, bearish or undecided structure.
2. In a bullish structure, the last HL is the level buyers must defend. In a bearish structure, the last LH is the level sellers must defend.
3. Treat CHoCH as an early warning, not a confirmed reversal. Confirmation comes when a new swing forms in the new direction (for example, a HL after a bullish CHoCH).
4. Higher sensitivity values show major structure; lower values show minor structure. Try 5 for intraday charts and 10 or more for daily charts.
WHAT MAKES IT DIFFERENT
Swing and structure-break tools are common. This script focuses on teaching: every label carries a context-aware explanation of what happened and what to watch next, the panel turns the current structure into one plain-language sentence, and the whole interface can be read in 11 languages.
LIMITATIONS
- Pivots are confirmed only after the chosen number of bars has closed after the swing, so swing labels appear with a delay and are placed back on the swing bar. Once confirmed, they do not change.
- A break on the live, unclosed bar can appear and disappear until the bar closes.
- Structure describes what price has done; it does not predict what price will do. No performance claims are made. This is an educational tool, not financial advice.
ALERTS
Alert conditions are available for bullish BOS, bearish BOS, bullish CHoCH and bearish CHoCH.
Market Structure Coach is an educational overlay that teaches one of the most important skills in chart reading: understanding market structure. It labels every confirmed swing, marks structure breaks, and explains each element in plain language through tooltips (hover or tap a label). A live panel summarizes who controls the structure right now. The interface is available in 11 languages: English, Turkish, Spanish, Portuguese, Russian, German, French, Indonesian, Vietnamese, Chinese and Kurdish (Kurmanji).
WHAT IT SHOWS
- Swing labels: HH (higher high), HL (higher low), LH (lower high), LL (lower low). Each new swing is compared with the previous swing of the same type.
- BOS (Break of Structure): price closes beyond the last swing in the direction of the current structure. It signals trend continuation.
- CHoCH (Change of Character): price closes beyond the last swing against the current structure. It is the first warning that control may be shifting.
- Active swing levels: the most recent unbroken swing high and swing low, drawn as dotted lines extended to the right.
- Optional background tint by structure, and an info panel with the current structure, last swing high and low with their prices, last break and a one-line summary.
HOW IT WORKS
- Swings are detected with pivot highs and lows using the "Swing sensitivity" setting (default 5 bars on each side).
- A new swing high is labeled HH if it is above the previous swing high, otherwise LH. A new swing low is labeled HL if it is above the previous swing low, otherwise LL.
- A break is registered on a bar close beyond the last unbroken swing level. The structure bias is set by the most recent break: a break in the same direction as the bias is a BOS, a break against it is a CHoCH. The first break on the chart is labeled BOS.
- Each swing level can only be broken once. A broken level is redrawn as a solid line from the swing to the breaking bar, with the BOS or CHoCH label in the middle.
HOW TO USE
1. Read the panel first: bullish, bearish or undecided structure.
2. In a bullish structure, the last HL is the level buyers must defend. In a bearish structure, the last LH is the level sellers must defend.
3. Treat CHoCH as an early warning, not a confirmed reversal. Confirmation comes when a new swing forms in the new direction (for example, a HL after a bullish CHoCH).
4. Higher sensitivity values show major structure; lower values show minor structure. Try 5 for intraday charts and 10 or more for daily charts.
WHAT MAKES IT DIFFERENT
Swing and structure-break tools are common. This script focuses on teaching: every label carries a context-aware explanation of what happened and what to watch next, the panel turns the current structure into one plain-language sentence, and the whole interface can be read in 11 languages.
LIMITATIONS
- Pivots are confirmed only after the chosen number of bars has closed after the swing, so swing labels appear with a delay and are placed back on the swing bar. Once confirmed, they do not change.
- A break on the live, unclosed bar can appear and disappear until the bar closes.
- Structure describes what price has done; it does not predict what price will do. No performance claims are made. This is an educational tool, not financial advice.
ALERTS
Alert conditions are available for bullish BOS, bearish BOS, bullish CHoCH and bearish CHoCH.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.