OPEN-SOURCE SCRIPT
GK BOS ultimate
GK BOS ultimate is a structured Break of Structure tool designed to highlight major shifts in the market structure.
The script identifies when price breaks above a significant previous high or below a significant low, using a defined lookback period and a ATR filter to reduce weak or minor breakouts
When a major bullish or bearish structure breaks occurs, the indicator marks the chart with a GK BUY or GK SELL label.
It also plots a TP1 level based on ATR(14) multiplied by a user-selected factor.
This provides a consistent volatility-based reference point that helps traders analyse potential follow-through areas after a structure break.
HOW IT WORKS
the script calculates the highest high and lowest low over the chosen lookback period
A break of structure is confirmed only if the close moves beyond these levels with enough strength relative to ATR, When this happens the indicator
Prints GK BUY for bullish structure breaks
Prints GK SELL for bearish structure breaks
Plots a corresponding TP1 PRINT derived from recent volatility
no repainting occurs because calculations are based on confirmed closes
this TOOL is intended for educational and analytical purposes only
The script identifies when price breaks above a significant previous high or below a significant low, using a defined lookback period and a ATR filter to reduce weak or minor breakouts
When a major bullish or bearish structure breaks occurs, the indicator marks the chart with a GK BUY or GK SELL label.
It also plots a TP1 level based on ATR(14) multiplied by a user-selected factor.
This provides a consistent volatility-based reference point that helps traders analyse potential follow-through areas after a structure break.
HOW IT WORKS
the script calculates the highest high and lowest low over the chosen lookback period
A break of structure is confirmed only if the close moves beyond these levels with enough strength relative to ATR, When this happens the indicator
Prints GK BUY for bullish structure breaks
Prints GK SELL for bearish structure breaks
Plots a corresponding TP1 PRINT derived from recent volatility
no repainting occurs because calculations are based on confirmed closes
this TOOL is intended for educational and analytical purposes only
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.