StructureSniper (Market Structure BOS/CHoCH)

StructureSniper – the indicator that reads market structure for you.

StructureSniper is an advanced cTrader indicator that automatically tracks market structure, marking:

• key swing highs / swing lows,
• Break of Structure (BOS):
• • BOS↑ when price closes above the last swing high,
  • BOS↓ when price closes below the last swing low,
• Change of Character (CHoCH):
• • CH↑ = first bullish BOS after a bearish environment,
  • CH↓ = first bearish BOS after a bullish environment.

It shows you when structure truly shifts, without manual drawing and without subjective guessing.

What it plots on the chart

• ▲ swing high (orange): important local highs
• ▼ swing low (blue): important local lows
• BOS↑ (lime) below candles that break the last swing high
• BOS↓ (red) above candles that break the last swing low
• CH↑ (blue) on the first bullish BOS that flips the trend
• CH↓ (red/orange) on the first bearish BOS that flips the trend

Perfect for traders using:

• Smart Money / ICT / Wyckoff concepts,
• structure-based trading (HH/HL, LH/LL),
• BOS + retest continuation setups or CHoCH as a genuine reversal signal.

Indicator parameters (v2)

1. Swing lookback bars
How many bars to look back to define a swing.

• Default: 3
• Higher value → fewer, more significant swings
• Lower value → more swings, more granular structure

2. Min swing size (pips)
Filters out tiny swings (noise).

• Default: 2.0
• 0 = accept all swings
• Higher values → only keep swings with a minimum distance from local high/low

3. Break buffer (pips)
How much the close must break the swing to count as a real BOS.

• Default: 1.0
• Helps avoid false BOS on tiny spikes

4. Signal offset (pips)
Distance (in pips) to place BOS/CH labels away from candle high/low.

• Cosmetic only – increase if labels are too close to price.

5. Show swing points

• true = show ▲ / ▼ on swing highs/lows
• false = hide swing markers, only show BOS/CH for a cleaner chart

6. Show legend on chart
Shows a small legend in the top-left corner explaining BOS↑ / BOS↓ / CH↑ / CH↓.

Why StructureSniper stands out

• Objective: clear numeric rules instead of subjective structure drawing.
• Educational: great for learning and visually backtesting ICT/SMC market structure concepts.
• Practical: helps define:
• • current trend (up / down),
  • logical pullback zones after a BOS,
  • first real signs of reversal (CHoCH), not just random bounces.

🔗 Killer combo: combined with Bounty Killer, you can:

• use stop-hunt candles (Bounty Killer) to locate liquidity,
• then use StructureSniper to confirm continuation or reversal via BOS/CHoCH.