EBL - Enigma BOS Logic Select Higher Time Frame

אתמול

The "EBL – Enigma BOS Logic" is a unique multi-timeframe trading indicator designed for traders who rely on structured price action and key level retests to find high-probability trade opportunities. This indicator automates the identification of significant price levels on a higher timeframe, plots them across all lower timeframes, and provides actionable signals (buy/sell) when price retests those levels. It is ideal for traders who focus on lower timeframes for precise entries while using higher timeframe structure for trend confirmation.

How the Indicator Works
Key Level Detection:

The indicator allows the user to select a key level timeframe (e.g., 1H, 4H, Daily, Weekly). It then identifies Break of Structure (BOS) levels on the selected timeframe.
When a bullish-to-bearish or bearish-to-bullish reversal is detected on the selected timeframe, the corresponding high or low of the reversal candle is stored as a key level.
These key levels are plotted as horizontal lines on all lower timeframes, helping the trader visualize critical support and resistance zones across multiple timeframes.
Retest Confirmation:

Once a key level is established, the indicator continuously monitors the price action on lower timeframes.
If the price touches or crosses a key level, it is considered a retest, and an alert is generated.
The indicator plots a retest marker (customizable as a circle or diamond) at the exact price level where the retest occurred, providing a clear visual cue for the trader.
Trading Signals:

When a retest is detected, a table is displayed on the chart with the following information:
The trading pair.
The signal direction (Buy/Sell).
The price at which the retest occurred.
This table gives traders instant insight into actionable opportunities, making it easier to focus on live market conditions without missing critical retests.
Key Features
Multi-Timeframe Analysis: The indicator focuses on a higher timeframe selected by the user, ensuring that only the most relevant key levels are plotted for lower timeframe trading.
Dynamic Retest Signals: It dynamically identifies when price retests a key level and provides both visual markers and real-time alerts.
Customizable Retest Markers: Users can customize the retest marker's shape (circle/diamond) and color to suit their preferences.
Signal Table: A built-in table displays clear buy or sell signals when retests occur, ensuring that traders have all the necessary information at a glance.
Alerts: The indicator supports real-time alerts for retests, helping traders stay informed even when they are not actively monitoring the chart.
How to Use the Indicator
Select a Key Level Timeframe:

In the input settings, choose a higher timeframe (e.g., 4H or Daily) to define key levels.
The indicator will calculate Break of Structure (BOS) levels on the selected timeframe and plot them as horizontal lines across all lower timeframes.
Monitor Lower Timeframes for Retests:

Switch to a lower timeframe (e.g., 15m, 5m) to wait for price to approach the key levels plotted by the indicator.
When a retest occurs, observe the signal table and retest marker for actionable trade signals.
Act on Buy/Sell Signals:

Use the information provided by the signal table to make trading decisions.
For a buy signal, wait for bullish confirmation (e.g., price holding above the retested level).
For a sell signal, wait for bearish confirmation (e.g., price holding below the retested level).
Trading Concepts and Underlying Logic
The indicator is based on the Break of Structure (BOS) concept, a core principle in price action trading. BOS levels represent points where the market shifts its trend direction, making them critical zones for potential reversals or continuations.
By focusing on higher timeframe BOS levels, the indicator helps traders align their lower timeframe entries with the overall market trend.
The concept of retests is used to confirm the validity of a key level. A retest occurs when the price returns to a previously identified BOS level, offering a high-probability entry point.
Use Cases
Scalping: Traders who prefer lower timeframe scalping can use the indicator to align their trades with higher timeframe key levels, increasing the likelihood of successful trades.
Swing Trading: Swing traders can use the indicator to identify key reversal zones on higher timeframes and plan their trades accordingly.
Intraday Trading: Intraday traders can benefit from the real-time alerts and signals generated by the indicator, ensuring they never miss critical retests during active trading hours.
Conclusion
The "EBL – Enigma BOS Logic" is a powerful tool for traders who want to enhance their price action trading by focusing on key levels and retests across multiple timeframes. By automating the identification of BOS levels and providing clear retest signals, it helps traders make more informed and confident trading decisions. Whether you are a scalper, intraday trader, or swing trader, this indicator offers valuable insights to improve your trading performance.

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EBL – Enigma BOS Logic: Multi-Timeframe Break of Structure Levels with Retest Signals

Description:
The EBL – Enigma BOS Logic indicator is an advanced tool designed for traders who focus on key market structure levels, break of structure (BOS) analysis, and retest confirmation across multiple timeframes. This script provides a systematic approach to identifying high-probability buy and sell signals by leveraging key support and resistance levels formed by bullish and bearish trend reversals.

Core Concept:
The underlying concept of this indicator is based on Break of Structure (BOS), a widely recognized technique in price action trading. BOS occurs when price breaks above a previous high or below a previous low, signaling a potential shift in market direction. However, instead of merely identifying a break, the EBL indicator goes a step further by tracking key price levels on higher timeframes and waiting for retest confirmations, thereby filtering out false breakouts.

This indicator focuses on detecting significant bullish and bearish pairs of candles where:

A bullish BOS is confirmed when a bullish candle high is followed by a bearish reversal on the selected timeframe.
A bearish BOS is confirmed when a bearish candle low is followed by a bullish reversal on the selected timeframe.
Once these critical points are detected, the indicator tracks the price action for potential retests of the broken levels, offering traders precise entries for continuation trades.

Key Features:
Multi-Timeframe Support:

Choose from 15-minute, 30-minute, 1-hour, 4-hour, daily, and weekly timeframes to detect significant BOS levels based on your preferred trading style (scalping, intraday, or swing trading).
Automatic Key Level Detection:

The indicator automatically plots horizontal lines at key bullish and bearish BOS levels.
Retested levels are visually marked, helping traders identify optimal entry points for trades.
Retest Confirmation Signals:

The script generates visual markers (customizable as circles or diamonds) whenever price retests a previously broken level, confirming the validity of the break.
Alerts are triggered on confirmed retests, ensuring traders don’t miss important opportunities.
Visual and Tabular Signal Tracking:

Arrows are plotted on the chart to indicate confirmed bullish or bearish signals.
A signal table displays current pair information, signal type (buy/sell), and price, offering traders a quick overview of current market conditions.
Customizable Line and Marker Settings:

Users can adjust line colors, retest marker colors, and horizontal line length to match their trading preferences and chart aesthetics.
Alerts can be enabled or disabled depending on the user’s workflow.
How It Works:
Select a Key Level Timeframe:

Use the input settings to choose your preferred timeframe for key level detection. The available options are 15-minute, 30-minute, 1-hour, 4-hour, daily, and weekly.
Wait for a Break of Structure (BOS):

The script continuously monitors price action for bullish and bearish pairs of candles on the selected timeframe.
When a valid BOS occurs, the corresponding high or low is stored, and a horizontal line is drawn at that level.
Watch for Retests:

Once a BOS level is detected, the script waits for price to retest the level.
If the retest is confirmed (i.e., price touches the level and reacts), the indicator plots a marker and triggers an alert.
Trade the Retests:

Traders can use the retest confirmations as entry signals, placing trades in the direction of the initial BOS.
Trading Strategy:
This indicator can be used in a variety of trading strategies, including but not limited to:

Trend Continuation Trading:
Enter trades after a confirmed BOS and retest in the direction of the prevailing trend.
Range Trading:
Use the BOS levels as potential range boundaries, taking trades when price re-enters a previously broken level.
Scalping and Intraday Trading:
Select shorter timeframes (15-minute or 30-minute) to capture quick price moves based on intraday breakouts and retests.
Use Cases:
Scalpers: The 15-minute and 30-minute key level options make this indicator ideal for scalpers who want to capitalize on quick price movements.
Intraday Traders: With support for hourly and 4-hour key levels, intraday traders can identify key levels and retests for high-probability trades during the day.
Swing Traders: The daily and weekly options help swing traders identify major market structure shifts and trade larger price movements.
Why This Indicator is Unique:
Unlike conventional BOS indicators that merely plot breakouts, the EBL indicator provides additional retest confirmation, making it a robust tool for filtering out false signals. The ability to customize the key level timeframe, visual markers, and alerts gives traders flexibility to adapt the script to their unique trading style.

Best Practices:
Combine the indicator with other technical tools such as moving averages, volume analysis, and candlestick patterns for better trade confirmation.
Use higher timeframe BOS levels as primary directional bias and trade lower timeframe retests in the same direction.
Enable alerts to stay updated on potential trade opportunities without constantly monitoring the chart.
Conclusion:
The EBL – Enigma BOS Logic indicator is a comprehensive solution for traders who rely on price action and market structure. By focusing on multi-timeframe key levels, BOS detection, and retest confirmation, this tool empowers traders to identify high-probability trading opportunities with confidence.

Whether you are a scalper, intraday trader, or swing trader, this indicator offers the precision and flexibility needed to enhance your trading edge.