UTS CORE + BOS + CHOCH – RR/TP/SL

📊 Indicator Working Principle

### 🔹 1. BOS (Break of Structure)

* **Definition:** Occurs when the price breaks the previous swing high or swing low level.
* **Interpretation:**

* If the last high is broken upwards → **Bullish BOS** (confirmation of uptrend).
* If the last low is broken downwards → **Bearish BOS** (confirmation of downtrend).

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### 🔹 2. CHOCH (Change of Character)

* **Definition:** Indicates a trend reversal.
* **Interpretation:**

* In an uptrend, if the last low is broken downwards → **CHOCH↓** (start of downtrend).
* In a downtrend, if the last high is broken upwards → **CHOCH↑** (start of uptrend).
* **Chart:** Blue “CHOCH↑” labels on the chart mark trend reversals.

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### 🔹 3. FVG (Fair Value Gap)

* **Definition:** A price gap formed between 3 candles.
* **Logic:**

* If the low of one candle stays above the high of the candle two bars back, a gap is created.
* Price tends to return to these gaps to “fill” them.
* **Chart:** The indicator highlights these gaps automatically (green/purple lines).

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### 🔹 4. Signal Generation (BUY / SELL)

* A valid BOS or CHOCH confirmation + presence of FVG → **signal is triggered.**
* **Rules:**

* Upward break → **BUY signal**
* Downward break → **SELL signal**
* **Chart:** Red “SELL” and green “BUY” labels represent these trade signals.

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### 🔹 5. RR – TP/SL Management

* When a trade is opened, the indicator automatically calculates **Entry, Stop Loss (SL), and Take Profits (TP1, TP2, TP3).**
* **Risk/Reward ratios:**

* TP1 = 1R
* TP2 = 2R
* TP3 = 3R
* If TP1 is hit and “Breakeven” option is enabled → SL moves to entry (risk-free trade).

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👉 In short: this indicator tracks **market structure (BOS/CHOCH)**, detects **imbalances (FVG)**, and combines them with **risk/reward management (TP/SL)** to give you a ready-made trade