Direction change

A run of breaks in one direction is followed by one in the other — the character of the market changes.

It reads Swing break finds and recalculates nothing. Sequence follows event time; knowability follows the later of the two breaks. Where a slowly confirmed break precedes a fast one, the two can cross.

One candle can take several swings of the same side at once. That is one direction change, and the level it shows is the newest swing that candle took — the last structure point the market still respected. The line therefore starts at that swing, not at an older one price left long ago.

With break and shift both on, the shift gets the ink — it is the more precise reading of the same spot.

Names

Neutral: Direction change / Richtungswechsel. ICT: Change of Character, short CHoCH (also Market Structure Shift / MSS).

Settings

This concept has no own sliders. Break settings come from the swing-break instance that feeds it.