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.

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.