MT4 Premium Indicator FX Choch & BOS

[MQ177]

• Shows both bearish and bullish Choch & BOS market structure
• Option to show only bearish or bullish Choch & BOS market structure
• Set the amount of candles needed to watch back for Choch & BOS market structure
• Adjustable depth setting that allows for the selection of minor and 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 and Trend Reversal Indicator

This indicator is designed to reveal the structure of markets:

• Choch Choch Change of Character(the first indication of an eventual shift in the direction of trend)
• BOS BOS Break of Structure(a indicator of a continuous flow of order in the direction of current trend)

It comes with 3 Alerts:

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

The alerts are created to alert traders whenever certain patterns occur and without having to linger on charts for long time waiting for the patterns to be played out live.



What is a Choch? A Choch is Change of Character(the first indication of an upcoming shift in the direction of trend)

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)

This Choch & BOS alert helps to keep you out of risky trades!

Are you constantly trying to spot the top/bottom reversal of a trend and are you constantly thrown out?

Stop it!

This indicator can help prevent you avoid falling into that trap because if you wait to see both the Choch as well as the BOS to happen before executing the trade, you stand an increased probability of it being profitable.

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

Indicator Display Options:​

Depth of Zigzag

The indicator uses an ‘Depth Of Zigzag setting that allows you to pick the strength or size of market structure swing points on any timeframe (because this is an extremely subjective matter for the individual trader). The ‘Depth Of Zigzag setting allows you to decide on your own the most important swing points in market structure. The change in this parameter can affect the algorithm of the indicator and change the direction of the indicator. (stronger or less strong) low and high swing-points.

The next question is what of these are true as per an eye?

It is not always possible for everyone to agree on the same conclusion. This is exactly that I thought it was important to let this setting be altered according to user preferences…

Here are some examples of various “Depth of Zigzag’ settings (on the same chart) to illustrate the differences:

Depth of Zigzag = 4

Depth of Zigzag = 12

Depth of Zigzag = 24

Depth of Zigzag = 36

You can trigger Alerts for Choch’s ONLY by setting the ‘Alert Option’ to ‘Any Choch’ (Note that wicks do NOT count & the alert will only trigger when the ‘qualifying’ candle CLOSES):

You can trigger Alerts for BOS’s ONLY by setting the ‘Alert Option’ to ‘Any BOS’ (Note that wicks do NOT count & the alert will only trigger when the ‘qualifying’ candle CLOSES):

You can activate alerts for Choch and BOS By setting the “Alert Options for Choch and BOS’ to ‘Choch and’.

It’s the most secure way to enter a trade that can be used for the trend reverse (opposed to making the trade entry based with a ‘choch’ design on its own).

Notice: Both the Choch as well as the BOS are needed in that ORDER. The alert will go off after the BOS is completed.



Bullish Choch & BOS Alert:

• The Choch & BOS Alert triggers when the candle that qualifies for the alert CLOSES over that of the prior (BOS) swing-high
• You then mark-up your ‘current range’, and then wait for price to fall back to the same range (preferably to the discount region, i.e. above 50%) into an FVG or an order block
• The trade in this instance was made when the price touched the previous bullish block…

Bearish Choch & BOS Alert:

• The Choch & BOS Alert triggers when the candle that qualifies for the alert CLOSES lower than that of the prior (BOS) swing-low
• Then, you mark-up the current range’ and wait for the price to fall back to that range (preferably in the ‘premium’ zone – that is, above the 50% threshold) into an FVG or an order block
• This trade particular case was made when the price touched the previous bearish block of orders…

👉 Get Free Credits

" />

[MQ177]

Indicates both bearish and bullish Choch & BOS market structures
Option to display only the bearish or bullish Choch & BOS market structure
Change the number of candles to be displayed for the Choch & BOS market structure
Adjustable depth setting for selecting major and minor swing points 3 selectable alerts – choose between Choch & BOS, Choch only, BOS only
Alerts as popup, push & email

Choch & BOS MT4 Indicator​

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

This indicator is designed to show the structure of the market:

• Choch Choch Change of Character(the first indication of the possibility of a change in direction of trend)
• BOS Break Of Structure Break of Structure(a indication of a continuous flow of order in the direction of trend)

It comes with 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 notify traders when a specific configuration occurs without the need to sit on charts for a long time, waiting for the pattern to unfold live.



What is a Choch? – Change of Character(the first indication of the possibility of a change in the direction of trend)

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 can be the VERY FIRST indication of a possible trend reversal. If followed by BOS, it provides more evidence of an underlying trend change (opposed to the Choch alone)

The Choch & BOS alert helps you to avoid bad trades!

Are you constantly trying to find the upper/lower turning point of a trend, but you keep getting caught off guard?

Stop doing that!

This indicator will save you from falling into that trap because if you wait for both the Choch and the BOS before executing the trade, it is more likely to be successful.

Choch & BOS MT4 Indicator​

• === Choch Settings ===
• Bull Choch color –Select the color you prefer
• Bear Choch color –Select the color you prefer
• Choch Line Style Choch Line StyleSelect the Choch line style (solid dots, dots, etc.)
• === BOS Settings ===
• Color of Bull BOS –Select the color you want to use
• Color Bear BOS –Select the color you want to use
• BOS Line Style BOS Line Style Select the BOS style (solid dots, dot, etc.)
• === Display Settings ===
• Display Option Allows you to show:
  • Both Bullish and Bearish Choch & BOS
  • Bullish Choch & BOS only
  • Bearish Choch & BOS only
  • Hide all Choch & BOS
• Look-back CandleSet the number of candles the indicator will examine to bring out Choch & BOS market structure
• Depth of Zigzag (Minimum 4 Maximum 36) This setting determines the number of bars that must be used that can be used without the second minimum or maximum deviation for the bar. (Changing the parameters of this setting will alter how long the bar swings)
• === Alerts ===
• Alert Option – Lets you choose:
  • Alert on Choch & BOS
  • Alert on any Choch
  • Alert on any BOS
  • No alerts
• Popup Alert Alert will trigger the pop-up window and sound alert.
• Push Alert – Alert will trigger a text message sent to your mobile phone
• Email Alert – Alert will trigger a text message that will be sent to your email address

Indicator Display Options:​

Depth of Zigzag

This indicator uses the ‘Depth of Zigzag setting that allows you to decide on the strength/size of swings in market structure at any timeframe (because this is an extremely subjective issue with regard to traders as individuals). The indicator’s ‘Depth Of Zigzag setting allows you to decide for yourself on the key market structure swing-points. The change in this parameter will alter the algorithm of the indicator and cause the indicator to turn around at (stronger or less) both low and high swing points.

The next question is: Which of them are legitimate in the naked eye?

There is no guarantee that everyone will have the same conclusion. This is exactly why I thought it was important that this setting be changed by the user…



Here are some examples of different “Depth of Zigzag’ settings (on the same chart) to illustrate the differences:

Depth of Zigzag = 4

Depth of Zigzag = 12

Depth of Zigzag = 24

Depth of Zigzag = 36

Alerts can be set for Choch’s when you set the “Alert Choice and setting it to “Any Choch’ (Note that wicks are not counted and an alert can only be activated when the candle that qualifies closes):

Alerts can be triggered for BOS’s only By setting the “Alert Options set to ‘Any BOS’ (Note that wicks do not count and an alert can only be activated after the candle that qualifies closes):

• The Choch & BOS Alert triggers when the candle that qualifies for a qualifying position CLOSES over that of the prior (BOS) swing-high
• You then mark-up your ‘current range’ and wait for the price to fall back into the range (preferably to the ‘discount’ region, i.e. above 50%) into an FVG or an order block
• The trade in this instance was made when the price hit the previous block of bullish orders…

Bearish Choch & BOS Alert:

• The Choch & BOS Alert triggers when the candle that qualifies for a qualifying position CLOSES over that of the prior (BOS) swing-high
• Then you mark-up the ‘current range’ and wait for the price to fall back to that range (preferably in the discount zone – that is, above 50%) in a FVG an order block
• The trade in this instance was made when the price surpassed the previous bullish block…

Bearish Choch & BOS Alert:

The Choch & BOS alarm is triggered when the qualifying candle ends lower than the previous (BOS) swing low

Then mark the current range and wait for the price to return to this range (preferably in the ‘premium’ zone – i.e. above the 50% threshold) to create an FVG or an order block

This trade was taken when the price reached the previous bearish order block…
👉 Get Free Credits

" />