Indicator Market Structure CHoCH BOS LEO for TradingView

Description

The Market Structure CHoCH/BOS (Fractal) indicator is an experimental take on classical market structure, whereas fractal patterns are used for their construction instead of swing points.

Compared to utilizing swing points for highlighting market structure like our  fractal-based market structure can appear as more adaptive, however, it can also be more restrictive when it comes to returning swing points which can cause the indicator to miss reversals in some cases.

If enabled from within the settings, users can see support and resistance levels returned from the detected market structure with breakouts highlighted on the chart. Alongside this feature, an additional dashboard showing the structure to fractal structure percentage is also provided.

🔶 SETTINGS

• Length: Length of the fractal patterns to detect.

🔹Style

• Bullish Structures: Show bullish structures.
• Bearish Structures: Show bullish structures.
• Support: Show support levels.
• Resistance: Show resistance levels.

🔹Dashboard

• Show Dashboard: Show structure to fractal percentage dashboard on the chart.
• Location: Location of the dashboard on the chart.
• Size: Dashboard size.