Calculates market structure breaks by identifying Change-of-Character (ChoCH) and Break-of-Structure (BOS) levels on the price chart using swing high and swing low pivots.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
CHOCH + BOS features an integrated volume filter requiring breakout volume to exceed an SMA multiplier for confirmed signals. Additional visual overlays include dual Exponential Moving Averages, ATR volatility tracking, background structure tinting, and swing level lines. Inputs allow customization of pivot lookback lengths, breakout confirmation source, and structure logic.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Swing Left (L)
int
5
swingL
Swing Right (R)
int
3
swingR
Swing Max Age (bars)
int
0
swingMaxAgeBars
Breakout Source
string
Close
breakoutSource
Structure Logic
string
Standard
structureLogic
Confirm on bar close only
bool
true
barCloseOnly
Volume Filter
bool
true
useVolFilter
Volume SMA Length
int
20
volSmaLen
Volume Multiplier
float
1.20
volMult
ChoCH Requires Volume
bool
true
chochReqVol
EMA Fast
int
21
emaFastLen
EMA Slow
int
55
emaSlowLen
Show all 21 settings
Setting
Type
Default
Variable
ATR Length
int
14
atrLen
Bull ChoCH labels
bool
true
showBullChoch
Bear ChoCH labels
bool
true
showBearChoch
Bull BOS labels
bool
true
showBullBos
Bear BOS labels
bool
true
showBearBos
Swing High/Low lines
bool
true
showSwingLines
EMA lines
bool
true
showEma
Background structure tint
bool
true
showBgState
Volume info on labels
bool
false
showVolInfo
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
This Pine Script indicator plots a ZigZag on the price chart. It identifies reversal points when price moves more than a set percentage from the last pivot. The script calculates forecasts using zigzag data and labels detected geometric patterns including harm
This indicator plots market structure on the price chart by identifying swing highs and lows. It connects these points with lines to visualize trend direction and detect Break of Structure (BOS) when price breaks a prior swing in the current trend. Change of C
This indicator implements the Fractal Model concept to plot market structure shifts, liquidity sweeps, and Change in State of Delivery (CISD) levels. It overlays custom higher-timeframe candle previews, open prices, and time markers directly on the price chart
BigBeluga Smart Money Concepts identifies and overlays market structure and volumetric order blocks directly on the price chart. It analyzes market swings, trend sweeps, and mapping structure using customizable pivot lengths and calculation modes. The indicato
Apex Trend & Liquidity Master calculates a trend cloud using customizable moving averages expanded by a volatility multiplier directly on the main price chart. It identifies dynamic support and resistance liquidity zones from swing high and low pivots, extendi