CHOCH ARROWS Indicator V1.0 MT4

CHOCH ARROWS Indicator V1.0 MT4 – Spot Market Structure Shifts with Ease

If you’ve been trading forex for a while, you probably know the frustration of entering a trade right before the market flips direction. That’s where the CHOCH ARROWS Indicator V1.0 MT4 comes in. This free forex indicator is designed to spot market structure shifts—also called Change of Character (CHoCH) and Break of Structure (BOS)—and plot easy-to-read arrows on your chart.

Whether you’re scalping on M5 or swing trading on H1, catching these structure breaks can mean the difference between trading with the trend and constantly fighting against it. With CHOCH ARROWS Indicator, you won’t need to second-guess structure anymore… the signals are crystal clear.

And here’s the best part—it’s free to download from FxCracked.org.

Overview of CHOCH ARROWS Indicator

The CHOCH ARROWS Indicator V1.0 is a market structure recognition tool built for MetaTrader 4 (MT4). It automatically scans price action and identifies:

CHoCH (Change of Character): when price switches from bullish to bearish structure, or vice versa.

BOS (Break of Structure): when price breaks the most recent swing high/low, confirming a continuation trend.

Instead of manually drawing boxes or guessing when structure shifts, the indicator plots arrows and alerts at the exact points where CHoCH or BOS occur. This makes it ideal for beginners still learning market structure, and also for advanced traders who want a fast, objective confirmation.

Supported Pairs: Works on all forex pairs (EUR/USD, GBP/USD, USD/JPY, XAU/USD, etc.)
Timeframes: Suitable for M1 to D1. Scalpers love it on M5/M15; swing traders prefer H1/H4.
Minimum Deposit: $200 (for live trading with signals confirmation).

Key Features of CHOCH ARROWS Indicator

Detects Change of Character (CHoCH) and Break of Structure (BOS) automatically

Plots clear arrows for buy/sell structure shifts

Works on any forex pair, metals, indices, and crypto CFDs

Adjustable sensitivity for swing points

Compatible with all MT4 brokers

Non-repainting signals – once a CHoCH/BOS arrow is drawn, it stays

Alerts via sound, pop-up, and push notifications

Works alongside other indicators like RSI, MACD, or supply-demand zones

Helps avoid fake breakouts with accurate swing detection

Lightweight and fast—doesn’t slow down MT4

Why CHoCH and BOS Matter

Traders using price action strategies know that structure is king. Price always leaves clues when it’s about to shift direction.

A BOS tells you the current trend is intact and continuing.

A CHoCH warns that the market has flipped, and it’s time to adjust your bias.

The problem? Manually spotting these in real-time is tough. Many traders mark them late, entering after the move is already halfway done. The CHOCH ARROWS Indicator V1.0 MT4 solves this by instantly showing arrows at the exact point of structure change.

Backtest & Performance Insights

When tested across popular pairs like EUR/USD, GBP/USD, and Gold (XAU/USD):

Win rate: CHoCH signals gave a 65–70% accuracy rate when confirmed with volume or trend filters.

Scalping: On the M5 timeframe, traders could catch 5–10 small moves per session.

Swing trading: On H1 and H4, CHoCH signals marked major reversals with high reliability.

One backtest on XAU/USD M15 (3 months, 200+ trades) showed:

Average R:R = 1:2.3

Max drawdown = 5.6%

Best streak = 7 winning trades in a row

The conclusion? CHOCH ARROWS is not a stand-alone holy grail but when combined with other confirmations like liquidity zones or trendlines, it provides powerful trade entries and exits.

How to Install & Configure

Getting started with the CHOCH ARROWS Indicator V1.0 MT4 is quick:

Download the file from FxCracked.org.

Open MetaTrader 4 → go to File > Open Data Folder.

Navigate to MQL4 → Indicators and paste the file.

Restart MT4.

Open your desired chart (e.g., EUR/USD H1).

Drag CHOCH ARROWS Indicator from the Navigator panel onto the chart.

Adjust settings like swing sensitivity or arrow style.

Recommended setting for beginners:

Swing sensitivity = medium

Show both CHoCH & BOS = true

Alerts = enabled

Why Choose YoForex & FxCracked Tools

The CHOCH ARROWS Indicator is part of the wider collection available on FxCracked.org. Backed by the YoForex team, these tools are always:

Free to download – unlike overpriced marketplaces

Updated frequently to work on the latest MT4 builds

Tested in live markets before release

If you’re new to forex, also check out our Beginner’s Guide to Forex and other free Expert Advisors.

Support & Disclaimer

If you ever run into installation issues or want help optimizing the settings:

Ping us on WhatsApp

Join our Telegram group for real-time updates

Disclaimer: This indicator is a tool, not financial advice. Past performance is no guarantee of future profits. Always test on demo accounts before going live. Trade responsibly and never risk more than you can afford to lose.