OPEN-SOURCE SCRIPT
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).
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.
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
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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.
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
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.