Market Structure ICT Screener BoS ChoCh

The Market Structure ICT Screener BoS ChoCh tool provides a comprehensive dashboard for monitoring market structure shifts and continuations across multiple assets and timeframes simultaneously. It allows traders to track Break of Structure (BOS) and Change of Character (CHOCH) signals, helping to identify institutional order flow and potential trend reversals in real-time.

Usage

The Usage section focuses on identifying price action transitions and trend health across a customizable list of assets.

• Identifying Trends: A Break of Structure (BOS) indicates that the prevailing trend is continuing. In an uptrend, this is marked by price breaking above the previous swing high, while in a downtrend, it occurs when price falls below the previous swing low.
• Spotting Reversals: A Change of Character (CHOCH), or Market Structure Shift (MSS), is the first sign of a potential trend change. This occurs when price violates the existing structure in the opposite direction (e.g., breaking a swing high during a downtrend).
• Multi-Asset Screening: Use the table to monitor up to 20 different symbols. The screener displays the current structural state for each, allowing you to quickly scan for high-probability setups without switching charts.
• Fractal Analysis: By setting different timeframes for different symbols, you can monitor both major (external) and minor (internal) structures to find alignment between long-term bias and short-term entries.

Details

The script utilizes a pivot-based detection method to identify swing highs and lows. Market structure is defined by how price interacts with these pivot points.

• Internal vs. External: The script tracks internal structure to find early shifts and external structure to define the primary trend.
• Displacement: The logic looks for decisive moves beyond structural points to confirm shifts, ensuring that minor fluctuations aren't misidentified as significant structural breaks.
• Scalable Logic: The implementation uses a library-based approach to calculate structure data for multiple symbols efficiently within the TradingView platform constraints.

Settings

Display

• Table on Chart: Toggles the position of the dashboard between the main chart area or a separate pane.
• Number of Symbols: Controls how many asset rows are visible in the table (10 to 20).
• Table Mode: Choose between 'Basic' (vertical list) or 'Extended' (side-by-side pairs) to optimize screen real estate.
• Table Size: Adjusts the visual scale of the text and cells (Tiny to Huge).
• Table Position: Defines where the table is anchored on the screen (e.g., Top Right, Middle Center).

Symbol Settings (Per Slot)

• Symbol: The specific ticker/asset to monitor (e.g., BTCUSD, EURUSD).
• Timeframe: The specific interval used for structural analysis on that symbol.
• Pivot Period: The number of bars used to detect swing highs and lows. Lower values create more sensitivity to minor moves, while higher values focus on significant trend turning points.

FAQ

How do I interpret a CHOCH in the screener? A CHOCH indicates a potential shift in market character. If the screener shows a Bullish CHOCH for an asset currently in a downtrend, it suggests that buyers are gaining control and a reversal might be imminent.

Can I use this for any asset class? Yes, the indicator supports any symbol available on your charting platform, including Forex, Crypto, Stocks, and Indices.

How can I access the Market Structure ICT Screener BoS ChoCh? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.