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Understanding Market Structure is the first step in any professional analysis. Market Structure is King. It answers the most important question: “Who is in control?” The Mkt-Viper Edge engine automates this process by identifying Swing Highs and Swing Lows in real-time. It maps the market using standard Smart Money Concepts (SMC) logic, labeling the exact moment a trend continues (BoS) or reverses (CHoCH). Image

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Structure Types

The indicator splits structure into two distinct layers, allowing you to see both the “Forest” and the “Trees.”

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🔹 External Structure (Major)

  • Visual: Solid Lines with Large Labels.
  • Definition: These are the major swing points (Swing Highs/Lows) that define the overall trend bias.
  • Usage: Use this to determine the dominant direction. If External Structure is making Higher Highs, you should prioritize Long trades.

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🔹 Internal Structure (Minor)

  • Visual: Dotted Lines with Smaller Labels.
  • Definition: These are the micro-movements inside the major swings. Price often shifts internal structure (Internal CHoCH) before the major trend reverses.
  • Usage: Use this for Entry Timing. A bullish Internal CHoCH at a key support level is often the earliest signal of a reversal.

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Terminology

If you are new to Smart Money Concepts, here is how to read the labels on your chart:

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BoS (Break of Structure)

  • Meaning: Trend Continuation.
  • Context:
    • Bullish BoS: Price has broken above a previous High. The Uptrend is healthy.
    • Bearish BoS: Price has broken below a previous Low. The Downtrend is healthy.

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CHoCH (Change of Character)

  • Meaning: Trend Reversal Signal.
  • Context: This is the first sign that the opposing party is taking control.
    • Bullish CHoCH: Price was in a downtrend but has now powered up through a valid Lower High.
    • Bearish CHoCH: Price was in an uptrend but has now crashed down through a valid Higher Low.
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Structure Strength (The Breakout Dot)

Not all structural breaks are created equal. A candle that blasts through a resistance level is very different from one that barely closes a pip above it. Mkt-Viper Edge analyzes the Velocity of every break. You will see a small colored circle (●) appear next to every BoS or CHoCH label. This indicates the conviction of the move:
  • 🟢 Green Dot (Strong Break): Price has closed significantly past the structure level with strength. This confirms strong momentum and a high probability that the trend will continue.
  • 🟡 Yellow Dot (Standard Break): Price has closed past the level with a normal range. The break is valid, but standard caution applies.
  • 🔴 Red Dot (Weak Break): Warning Signal. Price has barely closed past the level. This indicates a lack of momentum and a higher risk of a “Fake-out” or Swing Failure Pattern (SFP). When you see a Red Dot, wait for the next candle to confirm the move before entering.
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Configuration & Settings

You can customize the structure engine in the “Market Structure” settings group.
  • Show External Structure: Toggle the major trend lines (Default: ON).
  • Show Internal Structure: Toggle the minor sub-structure (Default: OFF). Turn this on if you are a scalper looking for lower-timeframe entries.
  • Label Size: Adjust the text size of the BoS/CHoCH labels to keep your chart clean.
Strategy: The Fractal EntryThe most powerful way to use Mkt-Viper Edge is to combine both structure layers.The “Structure Align” Setup:
  1. Identify the External Trend: Ensure the Solid Lines are showing a Bullish Trend (Green BoS labels).
  2. Wait for the Pullback: Wait for price to drop down into a key support level or Order Block.
  3. The Trigger: Watch for an Internal CHoCH (Bullish).
    • Why? The Major trend is Up. The Pullback is over. The Micro-Trend has just flipped back to Bullish to align with the Major Trend.
    • This is your high-probability entry trigger.