Recruitment of participants Choch & BOS

Choch & BOS

A Market Structure and Trend Reversal Indicator

This ‘Smart Money’ indicator is intended to highlight market structure. It will point out when price has made a ‘Change Of Character’ (CHOCH) or a ‘Break Of Structure’ (BOS) and alerts to popup, push & email.

• Displays both bullish and bearish Choch & BOS market structure
• Option to display only bullish or bearish Choch & BOS market structure
• Adjust how many candles to look back for Choch & BOS market structure
• Adjustable ‘depth’ setting for selection of minor to major swing-points
• 3 Selectable Alerts – Choose from Choch & BOS, Choch only, BOS only
• Alerts to Popup, Push & Email

Choch & BOS MT4 Indicator

The ultimate ‘Smart Money Concepts’ Market Structure & Trend Reversal Indicator



This indicator is intended to highlight market structure:

• Choch – Change Of Character (the first sign of a possible change in trend direction)
• BOS – Break Of Structure (a sign of continuous order flow in the current trend direction)

It has 3 different Alerts:

• Choch (Change Of Character)
• BOS (Break Of Structure)
• Choch & BOS (both in that order – a Trend Reversal alert)

The alerts are designed to inform a trader when a particular setup occurs, without the need to sit on the charts for long periods of time waiting for these patterns to play out live.

What is a Choch? – Change Of Character (the first sign of a possible change in trend direction)



What is a BOS? – Break Of Structure (a sign of continuous order flow in the current trend direction)



Choch & BOS – A Trend Reversal Pattern

The CHOCH is the FIRST sign of a possible trend reversal, and if followed up with a BOS it offers a higher confirmation of a trend reversal (opposed to the Choch by itself)



The Choch & BOS alert helps keep you OUT of bad trades!

Are you always trying to catch the top/bottom REVERSAL of a trend and you keep getting taken out?

Stop doing that!

This indicator will help you from continuously falling into that trap, because if you WAIT for both the Choch AND the BOS to occur before you take a trade you stand a much better chance of that trade being successful.

Choch & BOS MT4 Indicator

• === Choch Settings ===
• Bull Choch color – Select the color of your choice
• Bear Choch color – Select the color of your choice
• Choch Line Style – Select the style of the Choch lines (solid, dot, etc)
• === BOS Settings ===
• Bull BOS color – Select the color of your choice
• Bear BOS color – Select the color of your choice
• BOS Line Style – Select the style of the BOS lines (solid, dot, etc)
• === Display Settings ===
• Display Option – Allows you to display:
  • Both Bullish and Bearish Choch & BOS
  • Bullish Choch & BOS only
  • Bearish Choch & BOS only
  • Hide all Choch & BOS
• Look-back Candle – Set the amount of candles that the indicator will look back to highlight Choch & BOS market structure
• Depth of Zigzag (Minimum: 4, Maximum: 36) – This setting determines the minimum number of bars without a second maximum or minimum deviation of the bar. (Changing this setting parameters will change the length of the swings)
• === Alerts ===
• Alert Option – Allows you to select:
  • Alert on Choch & BOS
  • Alert on any Choch
  • Alert on any BOS
  • No alerts
• Popup Alert – Alert will trigger the popup window and an alert sound
• Push Alert – Alert will trigger a message sent to your cell phone
• Email Alert – Alert will trigger a message sent to your email address