Market Structure CHoCH/BOS (Fractal)
By LuxAlgoJun 20, 2023
Market Structure CHoCH/BOS (Fractal) rebuilds the structure map from fractal patterns instead of classic swing points, labeling a change of character where a trend may be reversing and a break of structure where it extends. Fractals yield shorter, more frequent labels that adapt quickly to market changes. The trade-off is stricter swing recognition, which can leave some reversals unlabeled. An experimental build, and openly framed as one.
How to Trade the Market Structure CHoCH/BOS (Fractal)?
- CHoCH: the character of the move is shifting. Treat it as a signal of potential trend reversal.
- BOS: price sets a new high or low in the prevailing direction, suggesting continuation.
- Support & resistance: optional levels drawn from the lowest and highest points within each detected structure's interval, akin to order blocks; a circle marks where a level is breached and stops extending.
- Length trade-off: higher settings target longer-term fractal patterns for a broader structural view, at the cost of later labels.
The built-in dashboard reports structure as a percentage of fractals detected, a quick sanity check on how well the fractal method is resolving into usable labels on the current market.
Market Structure CHoCH/BOS (Fractal) Settings
- Length: the length of fractal patterns the indicator detects.
- Bullish Structures / Bearish Structures: toggle each side's labels.
- Support & Resistance: displays the derived levels on the chart.
- Show Dashboard with Location & Size: the statistics table and its placement.
Frequently Asked Questions
Free on Vela
Run it on Vela. Go further with a paid plan.
- Up to 500 strategy alerts, with webhook automation
- Up to 10× the chart history of Free
- Orderflow lookback up to full history
- More Quant usage to customize it, plus extra usage when you need it
- Futures data alongside crypto, stocks, forex and commodities
Also works on
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