IDM-CHoCH-BOS (ICT) Indicator for MetaTrader 4 Download - Free

The IDM-CHoCH-BOS Indicator is one of the advanced tools for MetaTrader 4 indicators and is designed to analyze price movements and changes in market structure.

This indicator is based on Smart Money (SM) and ICT concept and helps identify patterns like Change of Character (CHOCH), Break of Structure (BOS), and Inducements (IDM).

These features allow traders to analyze price movements more deeply and identify key entry and exit points.

IDM-CHoCH-BOS Indicator Specifications

The table below summarizes the specifications of this indicator:

Indicator in an Uptrend

In the AUD/JPY currency pair in the 4-hour timeframe, after the occurrence of a Change of Character (CHOCH), the price moves into an uptrend. The indicator confirms the continuation of the uptrend with a Break of Structure (BOS).

However, if a downward break occurs, traders can exit the trade to avoid potential risks and protect profits.

Indicator in a Downtrend

On the USD/JPY chart in the 4-hour timeframe, the price shows signs of a downtrend after a Change of Character occurs. This change is confirmed with a Break of Structure (BOS), strengthening the downward trend.

In this case, traders can exit their positions in retracement zones by observing a price return to the structure change zone (BOS).

IDM-CHoCH-BOS Indicator Settings

The indicator settings are visible in the image below:

• Bar Count: the Number of candles to look back in the indicator.

Conclusion

The IDM-CHoCH-BOS Indicator is an ICT and Smart Money (SM) based tool that identifies Change of Character (CHOCH) and Break of Structure (BOS).

With its Inducements feature, this indicator helps traders identify exact reversal points and key breakouts, reducing trade risks.