MetaTrader 5 · one payment
FX Structure (BOS / CHoCH)
Structure is the run of higher highs and higher lows, or lower highs and lower lows. A break of structure is price closing past the last one of those; a change of character is the first break in the other direction. This marker labels both as they happen, so the swing count on your chart is the same one every day.
This is a marker. It draws on your chart and does not trade: it places no orders, closes nothing, and sends nothing to your broker.
Payment and download happen on Whop. MetaTrader 5 · compiled indicator (.ex5) · Windows.
What it draws
- BOS and CHoCH labelled at the price they happened
- Swing highs and lows the labels are built from
- Different colours for the two, because they mean opposite things
What it does not do
These are charting tools. They draw a concept on your chart and nothing else: they place no trades, send no signals and make no promise about results. Our own tests of these concepts on gold, published free under Research, found no edge after costs. What they buy you is the same reading every session, drawn the same way, so you are not marking it by hand.
The evidence on this concept
We tested break of structure and change of character on nine years of gold with real spread charged on every trade, and published all of it, free: read the break of structure and change of character research. Read it before you buy. The marker draws the concept; it does not make it work.
Installing it
After paying you get the file and its guide inside Whop. Drop the file into your terminal's MQL5/Indicators folder, restart MetaTrader, and drag it onto a chart like any other indicator.