BOS Indicator (Anchored, TP1-TP3, MTF>=4, Multi-Entry)

8 ore fa

BOS Indicator (Anchored, TP1–TP3, MTF≥4, Multi-Entry)

This indicator is designed to identify high-probability Break of Structure (BOS) trade setups using a combination of market structure, EMA bias, and multi-timeframe direction confirmation. It is intended for discretionary traders who want clear structure-based entries with predefined risk and profit targets.

🔹 Core Logic

Uses a long-term EMA to define bullish or bearish market bias

Tracks market structure using swing pivots to identify valid BOS events

A trade is only signaled after:

Price is on the correct side of the EMA

A valid pullback has formed

Structure is broken in the direction of the trend

Optional multi-timeframe confirmation ensures alignment across higher timeframes before signaling a trade

🔹 Trade Visualization

When a valid BOS setup occurs, the indicator automatically draws:

Entry level

Stop loss zone

Profit target zone

Three Take Profit levels (TP1, TP2, TP3)

Risk and reward boxes anchored to the signal candle

🔹 Take Profit & Trade Management (Important)

This script is designed to be used with partial profit-taking:

TP1
Take 50% of the position off
Locks in early profits and reduces risk

TP2
Take 25% more off the position
At this point, it is recommended to move the stop loss slightly into profit (or near TP1) to protect the trade and eliminate downside risk

TP3
Let the remaining 25% run toward the final target
This allows traders to benefit from extended moves while already being protected

This approach balances risk control, consistency, and the ability to capture larger trend moves.

🔹 Additional Features

Supports multi-entry trends after exits

Works across all markets and timeframes

Visual MTF direction panel for quick confirmation

Designed to avoid false signals caused by minor consolidations

⚠️ Disclaimer

This indicator is a decision-support tool only and does not guarantee profits. Always use proper risk management and confirm signals with your own analysis.

7 ore fa

Note di rilascio

BOS Indicator (Anchored, TP1–TP3, MTF ≥ 4, Multi-Entry)

This indicator is designed to help traders identify high-probability Break of Structure (BOS) setups using clear market structure, multi-timeframe direction, and visually anchored risk-to-reward zones.

The script automatically plots entry zones, stop-loss levels, and three take-profit targets (TP1, TP2, TP3) directly on the chart, making trade management simple and consistent.

Key Features

Break of Structure (BOS) detection for bullish and bearish setups

Anchored trade boxes that stay fixed to the original entry structure

Multi-Timeframe Direction Filter (MTF ≥ 4) to align trades with higher-timeframe bias

Multi-entry capability for trend continuation setups

Clean, uncluttered visuals designed for real trading (not hindsight)

Trade Management & Take-Profit Logic

This indicator follows a structured, professional trade-management approach:

Take Profit 1 (TP1):
Close 50% of the position to lock in partial profits.

Take Profit 2 (TP2):
Close an additional 25% of the position.
At this level, traders are advised to move the stop-loss slightly into profit, just beyond breakeven, to eliminate downside risk.

Take Profit 3 (TP3):
Allow the remaining position to run freely, capturing extended moves when the trend continues.

This staggered exit model helps balance risk control, consistency, and maximum reward potential.

Intended Use

This indicator is built for:

Structure-based traders

BOS / Smart-Money-Concept style traders

Forex, crypto, indices, and commodities

Intraday and swing trading

Disclaimer

This script is a visual trade-planning and confirmation tool only.
It does not place trades automatically and does not constitute financial advice.
Always apply proper risk management and confirm setups with your own analysis.