ZigZag BOS CHoCH Detection - indicateur pour MetaTrader 5

Features:

• Classic ZigZag swing detection (Depth / Deviation / Backstep) using the standard MQL5 ZigZag approach.
• Automatic pivot tracking (recent swing points are stored internally for structure analysis).
• Break of Structure (BOS) detection:
  • Marks continuation breaks in the same structure direction.
  • Draws a horizontal level and labels it "BOS".
• Change of Character (CHoCH) detection:
  • Marks the first break against the previous structure direction.
  • Draws a horizontal level and labels it "CHoCH".
• Clean chart objects:
  • Lines and labels are drawn directly on the chart for clear visibility.
  • Updates on new bars to avoid unnecessary redraws.

Parameters:

Notes and Limitations:

• ZigZag repaints: Like all ZigZag-based tools, swing points can update until a leg is confirmed. BOS/CHoCH levels may shift accordingly.
• Close-based confirmation: Break detection is evaluated using candle closes relative to the relevant swing level.
• Chart objects: BOS/CHoCH levels are drawn using chart objects (lines + text labels).
• Performance: Very large lookback values may reduce performance on slower devices or low timeframes.

Screenshots:

Conclusion:

This indicator combines the reliability of the standard MQL5 ZigZag with clear BOS/CHoCH market-structure labeling. It’s a lightweight visual tool for traders who want swing-based structure confirmation directly on the chart.