OPEN-SOURCE SCRIPT
SilverHawk Structure Coach (Lite)
SilverHawk Structure Coach (Lite)
This indicator identifies market structure breaks (BOS/CHoCH) and strong FVGs for potential reversal or continuation zones.
Features:
- BOS (Break of Structure) and CHoCH (Change of Character) lines with labels
- Optional HH/HL/LH/LL swing labels
- Strong FVG detection (gap between candles, size filter, extension, mitigation)
Settings:
- Pivot Length: lookback for highs/lows (default 12)
- Show BOS/CHoCH Labels: toggle structure breaks
- Show HH/HL/LH/LL Labels: toggle swing points
- Show Strong FVGs: toggle gap detection
- Min FVG size (ticks): minimum gap for validity
- Require gap between candle bodies: stronger filter
- Extend FVG boxes (bars): how far to project FVGs
- Hide mitigated FVGs: remove when price closes through 50%
Best used on H1 to D1 timeframes in Forex or indices for structure analysis. Use with proper risk management and confirmation.
Educational tool only. Not financial advice. Trading involves risk.
This indicator identifies market structure breaks (BOS/CHoCH) and strong FVGs for potential reversal or continuation zones.
Features:
- BOS (Break of Structure) and CHoCH (Change of Character) lines with labels
- Optional HH/HL/LH/LL swing labels
- Strong FVG detection (gap between candles, size filter, extension, mitigation)
Settings:
- Pivot Length: lookback for highs/lows (default 12)
- Show BOS/CHoCH Labels: toggle structure breaks
- Show HH/HL/LH/LL Labels: toggle swing points
- Show Strong FVGs: toggle gap detection
- Min FVG size (ticks): minimum gap for validity
- Require gap between candle bodies: stronger filter
- Extend FVG boxes (bars): how far to project FVGs
- Hide mitigated FVGs: remove when price closes through 50%
Best used on H1 to D1 timeframes in Forex or indices for structure analysis. Use with proper risk management and confirmation.
Educational tool only. Not financial advice. Trading involves risk.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
SilverHawk Suite
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
SilverHawk Suite
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.