OPEN-SOURCE SCRIPT
Güncellendi BOS and CHoCH
The market never moves in a straight line. It moves in waves.
It makes a High, comes down a bit (Low), then breaks the previous High to make a new High.
Similarly, It makes a Low, goes up a bit (High), then breaks the previous Low to make a new Low.
BOS (Break Of Structure) - Trend Continuation
BOS means the market is continuing its current trend. If the market is in an Uptrend and breaks the old "High" -> Bullish BOS. If the market is in a Downtrend and breaks the old "Low" -> Bearish BOS.
3. CHOCH (Change Of Character) - Trend Reversal
CHOCH means the mood of the market has changed. For the first time, the trend has shifted its nature.
Bullish to Bearish CHOCH: The market was making Higher Highs, but suddenly it broke its previous "Low". Now the market can fall.
Bearish to Bullish CHOCH: The market was falling (Lower Lows), but suddenly it broke its previous "High". Now the market can rise.
BOS: Confirms the trend (Breaking the ceiling to go higher).
CHOCH: Signals a trend change (Slipping and falling below the previous floor).
It makes a High, comes down a bit (Low), then breaks the previous High to make a new High.
Similarly, It makes a Low, goes up a bit (High), then breaks the previous Low to make a new Low.
BOS (Break Of Structure) - Trend Continuation
BOS means the market is continuing its current trend. If the market is in an Uptrend and breaks the old "High" -> Bullish BOS. If the market is in a Downtrend and breaks the old "Low" -> Bearish BOS.
3. CHOCH (Change Of Character) - Trend Reversal
CHOCH means the mood of the market has changed. For the first time, the trend has shifted its nature.
Bullish to Bearish CHOCH: The market was making Higher Highs, but suddenly it broke its previous "Low". Now the market can fall.
Bearish to Bullish CHOCH: The market was falling (Lower Lows), but suddenly it broke its previous "High". Now the market can rise.
BOS: Confirms the trend (Breaking the ceiling to go higher).
CHOCH: Signals a trend change (Slipping and falling below the previous floor).
Sürüm Notları
What's new- Alerts added — the indicator can now notify you when a new BOS or CHoCH forms. Nothing about how signals are detected or drawn has changed.
- Two new settings under an "Alerts" group: Alert on BOS and Alert on CHoCH. Tick one, both, or neither.
- Ready-made alert options in TradingView's alert dropdown: BOS, CHoCH, BOS or CHoCH, plus direction-specific ones (Bullish BOS, Bearish BOS, Bullish CHoCH, Bearish CHoCH).
- Alert message includes details — symbol, timeframe, and the price at the break.
- No repeat spam — at most one alert per bar per event.
How to set it up
- Option A (uses the checkboxes): set your preferences in Settings → Alerts, then create an alert with condition = this indicator and choose Any alert() function call.
- Option B (ignores the checkboxes): create an alert and pick the exact event you want from the dropdown, e.g. CHoCH only.
- Tip: set the alert trigger to Once Per Bar Close if you only want confirmed signals, since a live bar can trigger before it closes.
Sürüm Notları
Small Fix. Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Want to learn the real, bank-level trading methods based on logic, not lore. I'll teach you mathematical and 100% mechanical strategies that lets you trade like the pros. DM me here or on Telegram: @StableLogic
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Want to learn the real, bank-level trading methods based on logic, not lore. I'll teach you mathematical and 100% mechanical strategies that lets you trade like the pros. DM me here or on Telegram: @StableLogic
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.