OPEN-SOURCE SCRIPT
Impulsive Trend Detector [dtAlgo]
This advanced Pine Script indicator identifies and tracks impulsive price movements based on Break of Structure (BOS) and Change of Character (CHoCH) concepts from Smart Money trading methodology.
The indicator automatically detects pivot highs and lows, then monitors when price breaks these key levels to signal potential impulsive moves. BOS indicates continuation in the current trend direction, while CHoCH signals potential trend reversals. Each detected move is measured from the break point to the next opposing pivot, providing accurate percentage calculations that match TradingView's measuring tool.
Impulsive moves are categorized into four levels based on magnitude (Level 1: 5-10%, Level 2: 10-15%, Level 3: 15-20%, Level 4: 20%+), with color-coded visual labels and connecting lines displayed directly on the chart.
Comprehensive Session Analysis:
Track moves across 11 distinct trading sessions in Eastern Time: Pre-London/NY, London/NY overlap, NY (with Power Hour and End subdivisions), Sydney, Asia, Sake Time, Asia/London overlap, London, Weekend, and No Session periods.
Three Dynamic Tables provide:
Real-time statistics (bullish/bearish, BOS/CHoCH, levels)
Session breakdown with move counts and average percentages
Event log showing last 10 moves with date, day, session, direction, type, level, percentage, duration, and bar count
Perfect for Smart Money traders seeking data-driven insights into market structure behavior across global trading sessions.
The indicator automatically detects pivot highs and lows, then monitors when price breaks these key levels to signal potential impulsive moves. BOS indicates continuation in the current trend direction, while CHoCH signals potential trend reversals. Each detected move is measured from the break point to the next opposing pivot, providing accurate percentage calculations that match TradingView's measuring tool.
Impulsive moves are categorized into four levels based on magnitude (Level 1: 5-10%, Level 2: 10-15%, Level 3: 15-20%, Level 4: 20%+), with color-coded visual labels and connecting lines displayed directly on the chart.
Comprehensive Session Analysis:
Track moves across 11 distinct trading sessions in Eastern Time: Pre-London/NY, London/NY overlap, NY (with Power Hour and End subdivisions), Sydney, Asia, Sake Time, Asia/London overlap, London, Weekend, and No Session periods.
Three Dynamic Tables provide:
Real-time statistics (bullish/bearish, BOS/CHoCH, levels)
Session breakdown with move counts and average percentages
Event log showing last 10 moves with date, day, session, direction, type, level, percentage, duration, and bar count
Perfect for Smart Money traders seeking data-driven insights into market structure behavior across global trading sessions.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.