Market Structure CHoCH BOS Fractal
- Indicadores
- Versão: 1.0
- Ativações: 10
Veyra Fractal Structure NR is a market structure indicator based on fractal patterns, designed to detect CHoCH and BOS signals directly on the chart.
Instead of using traditional swing points, this indicator identifies market structure through confirmed fractal highs and fractal lows. This approach can make market structure detection more adaptive and responsive in certain market conditions, while also allowing shorter-term structure labels to appear more frequently.
The indicator supports both bullish and bearish market structure detection, including:
CHoCH — Change of Character
Indicates a potential shift in market direction and is commonly used as an early warning of a possible trend reversal.
BOS — Break of Structure
Indicates that price has broken the existing market structure and is commonly used to confirm trend continuation.
In addition to CHoCH and BOS labels, the indicator can also display support and resistance levels derived from confirmed market structure. When price breaks one of these levels, the breakout point is highlighted directly on the chart.
The indicator also includes a dashboard showing the ratio between confirmed market structure signals and the total number of detected fractal patterns. This helps users evaluate how often detected fractals are used to form market structure signals.
Key Features
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Detects market structure using fractal patterns.
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Displays Bullish BOS and Bearish BOS.
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Displays Bullish CHoCH and Bearish CHoCH.
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Option to show or hide bullish structures.
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Option to show or hide bearish structures.
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Optional support and resistance levels.
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Highlights support and resistance breakouts.
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Dashboard showing structure-to-fractal percentage.
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Signals are confirmed only after candle close.
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Suitable for multiple symbols and timeframes.
Settings
Length
Sets the length of the fractal pattern used to detect market structure. Higher values detect longer-term fractals, producing fewer signals but potentially cleaner structure. Lower values produce more frequent signals and react faster to price movement.
Style
Bullish Structures
Enable or disable bullish market structure labels.
Bearish Structures
Enable or disable bearish market structure labels.
Support
Enable or disable support levels generated after confirmed bullish market structure.
Resistance
Enable or disable resistance levels generated after confirmed bearish market structure.
Dashboard
Show Dashboard
Enable or disable the statistics dashboard on the chart.
Location
Select the dashboard position on the chart.
Size
Select the dashboard text size.
How to Use
Market structure is commonly used to identify trend direction by observing how price reacts to previous highs and lows. By using fractal patterns, this indicator can detect shorter-term structure shifts and provide a more dynamic view of market behavior.
When price breaks above a confirmed fractal high, the indicator may display a bullish BOS or bullish CHoCH, depending on the previous market state.
When price breaks below a confirmed fractal low, the indicator may display a bearish BOS or bearish CHoCH.
CHoCH is typically used to identify a possible trend reversal, while BOS is commonly used to confirm continuation of the current trend.
Support and Resistance
When enabled, the indicator creates support and resistance levels based on confirmed market structure.
Support is generally formed after bullish market structure and is derived from the lowest price within the related structure interval.
Resistance is generally formed after bearish market structure and is derived from the highest price within the related structure interval.
When price breaks a support or resistance level, the level stops extending and a breakout marker is displayed on the chart.
Notes
Fractal-based market structure can provide a more adaptive view compared to traditional swing-point-based structure detection. However, because fractals require a certain number of candles to confirm, signals may appear with some delay in certain market conditions.
For better analysis quality, this indicator can be combined with price action, volume, liquidity zones, order blocks, or other confirmation tools.
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