BOS and CHOCH Indicator is a market structure indicator that displays bullish/bearish BOS and CHOCH signals with alerts. In the fast-paced world of trading, quick and timely decision-making is paramount. Understanding the market structure can give you a significant edge, whether you’re a day trader, swing trader, or long-term investor. BOS (Break Of Structure) and CHOCH (Change Of Character) are two indicators gaining traction in the trading community. Designed to highlight significant points in market structure, these indicators can be invaluable tools for traders looking to understand trend direction and strength. Features of this Market Structure Indicator Here’s a snapshot of what this Market Structure Indicator offers: Alerts for both bullish and bearish CHOCH & BOS market structure Option to display only bullish or bearish CHOCH & BOS signals Adjustable settings for the number of candles to look back for CHOCH & BOS identification Depth setting that allows for the selection of minor to major swing points Three types of selectable alerts: CHOCH & BOS, CHOCH only, BOS only Alerts delivered via Popup, Push & Email The utility of these indicators is not just in their individual insights but also in their combined capabilities. The indicator is designed to ensure traders don’t have to constantly monitor the charts, offering real-time alerts for these setups. How BOS and CHOCH Indicator Keeps You Out of Bad Trades One of the common pitfalls traders face is the urge to catch the top or bottom of a trend reversal. This is a risky strategy and often results in traders getting stopped out of positions. The BOS and CHOCH indicators can significantly mitigate this risk. If you wait for both CHOCH and BOS to manifest before taking a position, you stand a much higher chance of the trade being successful. This BOS and CHOCH Indicator can be used on any Forex currency pair and other assets such as commodities, Cryptos, Binary Options, Stock markets, Indices, etc. You can also use it on any time frame that suits you best, from the 1-minute to the monthly charts. This Market Structure Indicator isn’t a standalone trading indicator System. Still, it can be very useful for your trading as additional chart analysis, to find trade exit position(TP/SL), and more. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live. You can open a real or demo trading account with most Forex brokers.