IDM-CHoCH-BOS (ICT) Indicator for MetaTrader 5 Download - Free

The IDM-CHoCH-BOS Line Indicator in MetaTrader 5 indicators has been developed as an advanced tool based on Smart Money and ICT concept.

This indicator focuses on analyzing price action and market structure shifts, helping traders identify key entry and exit points for more precise market analysis.

The core functionality of this indicator revolves around three main concepts:

• Change of Character (CHoCH): Indicates moments of market phase changes
• Break of Structure (BOS): Confirms trend continuation or reversal
• Inducement (IDM): Highlights liquidity inducement zones and false breakouts

IDM-CHoCH-BOS Indicator Specifications

The table below summarizes the key specifications of the IDM-CHoCH-BOS Indicator:

Indicator in an Uptrend

On the GBP/USD chart in the 1-hour timeframe, an uptrend is formed after a Change of Character (CHOCH). This is followed by a Break of Structure (BOS), confirming the bullish trend.

The price then moves towards the Inducement zone for liquidity collection before showing further signs of a continued uptrend.

Indicator in a Downtrend

In the USD/CAD 1-hour chart, a Change of Character (CHOCH) occurs, signaling a bearish reversal.

Following this, the price heads towards the Inducement zone to gather liquidity. After this phase, the price drops, continuing its downward trend after confirming a Break of Structure (BOS).

IDM-CHoCH-BOS Indicator Settings

The indicator settings are shown in the image below:

• Bar Count: Number of candles considered for historical analysis.

Conclusion

The IDM-CHoCH-BOS Indicator for MetaTrader 5 is an advanced analytical tool based on ICT and Smart Money principles.

It enables traders to conduct more accurate market structure analysis and better understand trend shifts, structure breaks, and liquidity inducement zones.