CHoCH

Product Title: CHoCH, EQH & EQL Pattern Indicator (Price Action / SMC)

Product Description:

Automatically identify critical market structure patterns with the CHoCH, EQH & EQL Indicator for MetaTrader 5. Built for traders utilizing Price Action and Smart Money Concepts (SMC), this powerful tool highlights potential trend reversals (Change of Character) and key areas of liquidity or support/resistance (Equal Highs/Lows) directly on your chart, saving you valuable analysis time.

The indicator uses reliable fractal logic to pinpoint significant swing highs and lows, which form the basis for detecting these crucial patterns.

Key Features:

• Change of Character (CHoCH) Detection:
  • Identifies potential shifts in market direction by detecting when price breaks a significant prior swing high (signaling a Bullish CHoCH) or swing low (signaling a Bearish CHoCH).
  • Visuals: Marks a CHoCH with a clear directional Arrow, an 'O' symbol, and a Dashed Line extending from the level that was broken. (Default: Blue for Bullish, Violet for Bearish).
• Equal High (EQH) & Equal Low (EQL) Identification:
  • Pinpoints potential liquidity pools above swing highs (EQH) or below swing lows (EQL) where price formed highs/lows at nearly the same level (within a user-defined tolerance). These levels often act as strong Support/Resistance or targets.
  • Visuals: Marks EQH/EQL with a distinct '●' symbol at the level and extends a Solid Line representing the active S/R or liquidity zone. (Default: Red line/symbol for EQH, Aqua symbol/LimeGreen line for EQL).
• Clear & Distinct Visualization: Uses unique symbols ('O' vs '●'), line styles (Dashed vs Solid), and colors to easily differentiate between CHoCH (reversal/break) signals and EQH/EQL (S/R/liquidity) levels.
• Enhanced Visibility: All plot lines and symbols are intentionally thickened (width 5) for clear visibility on any chart theme or timeframe.
• Simple Customization: Easily adjust the core parameters:
  • Fractal Period : Defines the sensitivity for swing point detection.
  • EQH/EQL Tolerance : Sets the maximum difference (in Pips) allowed for highs/lows to be considered "Equal".

Benefits:

• Automate the often time-consuming process of identifying CHoCH, EQH, and EQL patterns.
• Clearly visualize potential market structure shifts and trend reversal points (CHoCH).
• Instantly spot key support/resistance zones or areas of potential liquidity (EQH/EQL).
• Improve the objectivity and consistency of your Price Action or SMC analysis.
• Focus more on strategy execution rather than manual pattern spotting.