Ranked Market Structure

Documentation Index

Fetch the complete documentation index at: https://docs.mkt-viper.com/llms.txt

Use this file to discover all available pages before exploring further.

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).

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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.