Hello traders,
Understanding market structure is a key part of many trading approaches, but manually tracking every swing high, swing low, and structure break can quickly become time-consuming, especially when monitoring multiple charts.
We've released a free cTrader indicator that automatically identifies important market structure events and displays them directly on the chart.
The indicator includes:
Rather than focusing on traditional lagging indicators, this tool helps traders follow the evolution of price structure as the market develops.
The indicator can be useful for traders who use Smart Money Concepts, price action analysis, trend-following strategies, or simply want a clearer view of how the market progresses from one swing point to the next.
An interesting aspect of this release is that the indicator was built using Xen AI, our AI coding assistant for cTrader. It demonstrates how AI can be used to create and refine custom indicators, from concept to a working trading tool.
Download the free indicator:
https://clickalgo.com/smart-money-structure-indicator
Try Xen AI with free credits:
https://clickalgo.com/xen-ai-free-credits
I'd be interested to hear how other traders use BOS and CHoCH in their analysis. Do you treat them as confirmation signals, early warning signs of a reversal, or simply as part of your overall market structure framework?
Risk Warning: Trading involves risk. Always test indicators and trading strategies thoroughly before using them on a live account.
Understanding market structure is a key part of many trading approaches, but manually tracking every swing high, swing low, and structure break can quickly become time-consuming, especially when monitoring multiple charts.
We've released a free cTrader indicator that automatically identifies important market structure events and displays them directly on the chart.
The indicator includes:
- Break of Structure (BOS) detection.
- Change-of-Character (CHoCH) detection.
- Automatic swing high and swing low identification.
- Strong High and Strong Low levels.
- Weak High and Weak Low levels.
- Configurable structure sensitivity settings.
Rather than focusing on traditional lagging indicators, this tool helps traders follow the evolution of price structure as the market develops.
The indicator can be useful for traders who use Smart Money Concepts, price action analysis, trend-following strategies, or simply want a clearer view of how the market progresses from one swing point to the next.
An interesting aspect of this release is that the indicator was built using Xen AI, our AI coding assistant for cTrader. It demonstrates how AI can be used to create and refine custom indicators, from concept to a working trading tool.
Download the free indicator:
https://clickalgo.com/smart-money-structure-indicator
Try Xen AI with free credits:
https://clickalgo.com/xen-ai-free-credits
I'd be interested to hear how other traders use BOS and CHoCH in their analysis. Do you treat them as confirmation signals, early warning signs of a reversal, or simply as part of your overall market structure framework?
Risk Warning: Trading involves risk. Always test indicators and trading strategies thoroughly before using them on a live account.
