PROTECTED SOURCE SCRIPT
Trader Otto - Market Structure Engine [SMC]
Trader Otto - Market Structure Engine is a streamlined Smart Money Concepts (SMC) tool designed to map the true flow of the market by identifying Break of Structure (BOS) and Change of Character (CHoCH) events.
Unlike generic ZigZag indicators, this engine uses a strict structural validation logic to filter out noise and liquidity sweeps, focusing only on confirmed trend continuations and reversals.
**Key Features:**
* **BOS (Break of Structure):** Identifies trend continuations with solid lines.
* **CHoCH (Change of Character):** Identifies potential trend reversals with dashed lines.
* **Smart Validation:** The system defaults to "Close" validation (candle body must close beyond the pivot) to avoid fakeouts caused by wicks (liquidity sweeps). This can be adjusted in the settings.
* **Pivot Sensitivity:** A proprietary tuning parameter (default 1.0) allows traders to adjust the structural depth for scalping or swing trading without breaking the core algorithm.
**Usage:**
* **Bullish Trend:** Look for a series of Bullish BOS. Enter on pullbacks after a confirmed BOS.
* **Reversal:** Wait for a CHoCH against the current trend as the first sign of a potential shift.
*Protected script with proprietary calibration.*
Unlike generic ZigZag indicators, this engine uses a strict structural validation logic to filter out noise and liquidity sweeps, focusing only on confirmed trend continuations and reversals.
**Key Features:**
* **BOS (Break of Structure):** Identifies trend continuations with solid lines.
* **CHoCH (Change of Character):** Identifies potential trend reversals with dashed lines.
* **Smart Validation:** The system defaults to "Close" validation (candle body must close beyond the pivot) to avoid fakeouts caused by wicks (liquidity sweeps). This can be adjusted in the settings.
* **Pivot Sensitivity:** A proprietary tuning parameter (default 1.0) allows traders to adjust the structural depth for scalping or swing trading without breaking the core algorithm.
**Usage:**
* **Bullish Trend:** Look for a series of Bullish BOS. Enter on pullbacks after a confirmed BOS.
* **Reversal:** Wait for a CHoCH against the current trend as the first sign of a potential shift.
*Protected script with proprietary calibration.*
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.