ZigZag BOS CHoCH Detection - MetaTrader 5 Script - MT4/MT5 Resources
Notes and limitations:
The indicator combines the reliability standard MQL5 ZigZag with clear BOS/CHOCH market structure labels. This is a lightweight visualization tool for traders who want to confirm swing-based structures directly on the chart.
Attachment download
📎ZigZagBOSCHoCH.mq5 (20.16 KB)
Source: MQL5 #65980
ZigZag BOS CHoCH Detection - MetaTrader 5 script usage and screening recommendations
ZigZag BOS CHoCH Detection - MetaTrader 5 Script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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