PROTECTED SOURCE SCRIPT
Trader Otto - Market Structure Engine [SMC BlackBox]
The Backbone of Price Action: Automated Structure Mapping.
Trading without understanding Market Structure is like building a house without a foundation. The Otto Market Structure Engine is a BlackBox utility designed to automatically map the "Skeleton" of the market in real-time, removing the subjectivity of manual charting.
The "State Machine" Logic:
Unlike simple ZigZag indicators that repaint, this tool uses a rigid State Machine Algorithm to track the trend flow:
BOS (Break of Structure): Confirms trend continuation. Solid lines indicate the bulls or bears are still in control.
CHoCH (Change of Character): The first sign of a potential reversal. Dashed lines indicate when the opposing force has successfully broken a key structural pivot.
BlackBox Integrity:
To ensure institutional-grade accuracy, the "Breakout Validation" mode is hardcoded to Close Only. The system ignores wick spikes (liquidity sweeps) that often trap retail traders, only validating a structural break if the candle closes beyond the pivot level.
Key Features:
Auto-Trend Detection: Instantly visualize if the market is in a Bullish or Bearish phase.
Clean Visualization: Labels are centralized and auto-formatted to keep your chart organized.
Non-Repainting: Once a structure break is confirmed by a close, it remains on the chart.
Disclaimer
For educational purposes only. Past performance is not indicative of future results.
Trading without understanding Market Structure is like building a house without a foundation. The Otto Market Structure Engine is a BlackBox utility designed to automatically map the "Skeleton" of the market in real-time, removing the subjectivity of manual charting.
The "State Machine" Logic:
Unlike simple ZigZag indicators that repaint, this tool uses a rigid State Machine Algorithm to track the trend flow:
BOS (Break of Structure): Confirms trend continuation. Solid lines indicate the bulls or bears are still in control.
CHoCH (Change of Character): The first sign of a potential reversal. Dashed lines indicate when the opposing force has successfully broken a key structural pivot.
BlackBox Integrity:
To ensure institutional-grade accuracy, the "Breakout Validation" mode is hardcoded to Close Only. The system ignores wick spikes (liquidity sweeps) that often trap retail traders, only validating a structural break if the candle closes beyond the pivot level.
Key Features:
Auto-Trend Detection: Instantly visualize if the market is in a Bullish or Bearish phase.
Clean Visualization: Labels are centralized and auto-formatted to keep your chart organized.
Non-Repainting: Once a structure break is confirmed by a close, it remains on the chart.
Disclaimer
For educational purposes only. Past performance is not indicative of future results.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.