IDM-CHoCH-BOS (ICT) Indicator Download for MetaTrader 5 - Free - MT4/MT5 Resource

The IDM-CHOCH-BOS Line Indicator in MetaTrader 5 indicator has been developed as an advanced tool based on Smart Money and ICT concept .

This indicator focuses on analyzing price trends and changes in market structure, helping traders identify key entries and exits for more precise market analysis.

The indicator's core functionality revolves around three main concepts:

• Change of Trait (CHoCH): Indicates moments of market phase change
• Break of Structure (BOS): Confirms trend continuation or reversal
• Inducement (IDM): Highlights liquidity induction zones and false breakthroughs

IDM-CHOCH-BOS indicator specifications

The table below summarizes the main specifications of the IDM-CHoCH-BOS indicator.

Indicator Overview

This indicator uses different colors and levels to simplify market structure analysis. Key components include:

• Change of Character (CHoCH): Detects swing points and highlights potential trend reversals. Red lines represent CHOCH on the chart
• Break in Structural (BOS): After identifying CHoCH, this indicator checks the price highs and lows, marking blue in the BOS line to signal a trend continuation or reversal.
• Inducements (IDM): These areas attract liquidity, causing price to move towards them. This indicator highlights these areas of gray , helping traders avoid price traps

Indicators are in an upward trend

On the GBP/USD chart in the 1-hour time frame, the uptrend is on Change of Character (CHOCH) . Next up is the structural break (BOS) , confirming the bullish trend.

Price then moved towards Inducement , an area where liquidity gathered before showing further signs of a continued uptrend.

Indicators are in a downward trend

In the USD/CAD 1-hour chart, a change of character (CHOCH) occurs, signaling a bearish reversal.

After this, the price will move towards the Inducement zone to gather liquidity. After this phase, the price declined, continuing its downtrend after confirming the Break of Structure (BOS) .

IDM-CHOCH-BOS indicator settings

The indicator settings are as shown below:

• Bar Count: The number of candles considered for historical analysis.

Conclusion

The IDM-CHOCH-BOS indicator for MetaTrader 5 is an indicator based on ICT and Smart Money principles.

It enables traders to perform more accurate market structure analysis and better understand trend shifts, structural breakouts and liquidity-inducing zones.