Advanced Trading Analysis Tool for Break of Structure, Change of Character, Fair Value Gaps, and Fibonacci Zones
The BOS-CHOCH Trading Indicator is a comprehensive trading analysis tool that combines multiple advanced technical analysis concepts into one powerful indicator. It's available both as a Chrome Extension for web-based trading platforms and as a TradingView Pine Script for professional charting.
- 2-Candle Retracement Rule: Confirms breakouts with retracement validation
- Trend Confirmation: Identifies genuine structural breaks vs. false signals
- Visual Markers: Clear labels and color-coded indicators
- Trend Reversal Detection: Identifies when market character changes
- Precision Timing: Uses advanced algorithms for accurate signal generation
- Risk Management: Helps identify potential reversal points
- Complex Pattern Recognition: Detects secondary trend changes
- Advanced Market Structure: Analyzes multiple trend reversals
- Enhanced Signal Quality: Filters out noise for better accuracy
- Gap Identification: Automatically detects price gaps
- Visual Representation: Clear visualization of FVG zones
- Trading Opportunities: Highlights areas likely to be filled
- Dynamic Calculation: 0.5 and 0.6 retracement levels
- Support/Resistance: Identifies key price levels
- Customizable: Adjustable Fibonacci ratios
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Download the Extension
git clone https://github.com/yourusername/bos-choch-indicator.git cd bos-choch-indicator -
Load in Chrome
- Open Chrome and go to
chrome://extensions/ - Enable "Developer mode" (top right toggle)
- Click "Load unpacked"
- Select the extension folder
- Open Chrome and go to
-
Verify Installation
- Look for the BOS-CHOCH icon in your Chrome toolbar
- Navigate to any trading website to activate
-
Open TradingView
- Go to TradingView.com
- Open any chart
-
Access Pine Editor
- Click "Pine Editor" at the bottom
- Clear existing code
-
Paste the Script
- Copy the contents of
BOS_CHOCH_Indicator.pine - Paste into Pine Editor
- Click "Add to Chart"
- Copy the contents of
- Color Schemes: Customize all indicator colors
- Visibility Toggles: Show/hide specific indicators
- Lookback Periods: Adjust swing detection sensitivity
- Fibonacci Levels: Modify retracement ratios
- Display Options: Toggle individual indicators
- Color Inputs: Personalize visual appearance
- Fibonacci Settings: Adjust retracement levels
- Swing Detection: Configure lookback periods
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- Manifest Version: 3 (Latest Chrome standard)
- Permissions: Active tab, storage, scripting, context menus
- Content Scripts: Automatic injection on trading sites
- Background Service: Persistent functionality
- Version: 5 (Latest TradingView standard)
- Overlay: True (Displays on price chart)
- Performance: Optimized for real-time analysis
- Compatibility: Works on all TradingView timeframes
1. Wait for price to break above swing high
2. Confirm with 2-candle retracement
3. Enter long position on retest
4. Set stop loss below the broken level
1. Identify trend direction change
2. Look for CHOCH signal confirmation
3. Enter position in new trend direction
4. Use Fibonacci levels for targets
1. Identify gap between candles
2. Wait for price to return to gap
3. Enter position at gap level
4. Target opposite side of gap
bos-choch-indicator/
├── manifest.json # Extension configuration
├── popup.html # Settings interface
├── popup.js # Popup logic
├── content.js # Main indicator logic
├── background.js # Service worker
├── styles.css # Extension styling
├── welcome.html # Installation welcome page
├── icons/ # Extension icons
│ ├── icon16.svg # 16x16 icon
│ ├── icon48.svg # 48x48 icon
│ └── icon128.svg # 128x128 icon
├── BOS_CHOCH_Indicator.pine # TradingView script
├── README.md # This file
└── INSTALLATION_GUIDE.md # Detailed setup instructions
# Clone repository
git clone https://github.com/yourusername/bos-choch-indicator.git
# Navigate to directory
cd bos-choch-indicator
# Install dependencies (if any)
npm install
# Build extension (if needed)
npm run buildWe welcome contributions! Please see our Contributing Guidelines for details.
- Fork the repository
- Create a feature branch
- Make your changes
- Test thoroughly
- Submit a pull request
This project is licensed under the MIT License - see the LICENSE file for details.
Educational Use Only: This tool is designed for educational and research purposes. Trading involves substantial risk and may not be suitable for all investors. Past performance does not guarantee future results.
No Financial Advice: The information provided is not financial advice. Always conduct your own research and consult with qualified financial professionals before making trading decisions.
- GitHub Issues: Report bugs or request features
- Discussions: Join community discussions
- Wiki: Detailed documentation
- Email: support@boschoch.com
- Discord: Join our community
- Twitter: @BOSCHOCH
- TradingView for Pine Script platform
- Chrome Extensions team for development tools
- Trading Community for feedback and testing
- Open Source Contributors for inspiration
Made with ❤️ for the trading community
Version 1.0.0 | Last Updated: December 2024