Sale!

FX Choch & BOS Indicator

Original price was: $99.00.Current price is: $25.98.

-
+

Specs

Categories: ,

Descripción

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

FX Choch & BOS 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)

FX Choch & BOS Indicator

 

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

FX Choch & BOS Indicator

 

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)

FX Choch & BOS Indicator

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 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

FX Choch & BOS Indicator

 

Depth of Zigzag = 12

FX Choch & BOS Indicator

 

Depth of Zigzag = 24

choch indicator

 

Depth of Zigzag = 36

FX Choch & BOS Indicator

 

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):

FX Choch & BOS Indicator

 

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):

FX Choch & BOS Indicator

  • 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:

choch fx

  • 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:

choch fx

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…

Rate this product

Reviews

There are no reviews yet.

Be the first to review “FX Choch & BOS Indicator”

Your email address will not be published. Required fields are marked *