TIS_Market_Structure for TradingView

TIS_MarketStructure for TradingView labels every structural break as it happens, tells you whether it continued the trend or reversed it, and then maps the retracement zone where that trend is worth joining.

How It Works

Every confirmed swing high and swing low is marked with a dot and then kept on a list as a live structural point. When price trades through one of them, the indicator does not just note the break: it works out what kind of break it was. To do that it looks back at the last opposite pivot before the one that broke. If that pivot is still intact, the move is continuing what was already there and the break is labelled BOS. If that pivot had already been taken out, the market is doing something new and the break is labelled CHoCH.

That distinction is the whole reason to read structure in the first place. A break in the direction you were already trading is confirmation; a break against it is the first warning. The label is drawn on the pivot that was broken, so you can see exactly which level gave way, and you choose whether a break needs a close beyond the level or whether a wick through it counts.

From the most recent break the indicator builds the current range: the broken pivot at one end, the last intact opposite pivot at the other. It splits that range in half and shades the upper part as premium and the lower part as discount, then draws the two lines that bound the optimal entry zone inside it. In an uptrend that zone sits in the discount half, in a downtrend it sits in the premium half, so it always lands where you would want to be joining rather than chasing.

The indicator also publishes two filter outputs. They turn on while the structure is bullish and price is inside the entry zone, or bearish and inside it, and stay on for as long as both remain true. They are a state, not a one bar trigger, which makes them useful as a permission layer under whatever setup you actually enter on.

Key Features

▸  Every structural break labelled automatically, on the pivot that actually gave way

▸  BOS and CHoCH told apart by the state of the preceding opposite pivot, not by guesswork

▸  Break confirmation by close or by wick, your choice

▸  Asymmetric pivot strength: strict on the left for quality, short on the right for speed

▸  Premium and discount halves shaded from the live range, redrawn as the structure moves

▸  Optimal entry zone drawn inside the range, on the correct half for the current direction

▸  Both zone boundaries configurable, so the zone can be widened or tightened to taste

▸  Long and short permission filters and the trend state published as outputs for other scripts

▸  Alerts when either side first becomes enabled

Parameters

Who Is It For?

Traders who read structure by hand and want the same read produced the same way every session, with the BOS and CHoCH calls made by a rule rather than in hindsight. It is built to sit underneath an entry method rather than to replace one: the labels tell you what the market did, the shaded range tells you whether price is expensive or cheap within it, and the two filter outputs tell whatever you trade next whether it has permission to fire.