Sinan  Aydın

Writer:

Sinan Aydın
Ram Nisha

Reviewer:

Ram Nisha
Modified:
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IDM-CHoCH-BOS (ICT) Indicator for MetaTrader 5 Download - Free

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MetaTrader4

MetaTrader5

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IDM-CHoCH-BOS (ICT) Indicator for MetaTrader 5 Download - Free
IDM-CHoCH-BOS (ICT) Indicator for MetaTrader 5 Download - Free 0
IDM-CHoCH-BOS (ICT) Indicator for MetaTrader 5 Download - Free 1
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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 Categories:
Smart Money MT5 Indicators
Trading Assist MT5 Indicators
ICT MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Advanced
Indicator Types:
Reversal MT5 Indicators
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Style:
Day Trading MT5 Indicators
Trading Instruments:
Forex MT5 Indicators
Crypto MT5 Indicators

Indicator Overview

This indicator uses distinct colors and levels to simplify market structure analysis. The key components include:

  • Change of Character (CHoCH): Detects swing points and highlights potential trend reversals. Red lines represent CHOCH on the chart
  • Break of Structure (BOS): After identifying CHoCH, the indicator examines price highs and lows, marking BOS lines in blue to signal trend continuation or reversal
  • Inducements (IDM): These zones attract liquidity, causing price movements toward them. The indicator highlights these areas in gray, helping traders avoid price traps

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.

IDM-CHoCH-BOS Indicator in an Uptrend
IDM-CHoCH-BOS Indicator identifying Change of Character and Break of Structure in an 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 in a Downtrend
IDM-CHoCH-BOS Indicator highlighting Change of Character and Break of Structure in a downtrend

IDM-CHoCH-BOS Indicator Settings

The indicator settings are shown in the image below:

IDM-CHoCH-BOS Indicator Settings
Detailed view of IDM-CHoCH-BOS Indicator settings
  • 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.

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FAQs

What is the IDM-CHoCH-BOS Indicator?

It is an advanced MetaTrader 5 tool designed based on ICT and Smart Money concepts for in-depth market structure analysis.

How is the Break of Structure (BOS) identified in the IDM-CHoCH-BOS Indicator?

After identifying CHoCH, the indicator analyzes new highs and lows to mark BOS points displayed as blue lines.

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