CHOCH ARROWS Indicator MT4 – Smart CHoCH Signals

CHOCH ARROWS Indicator V1.0 MT4 – Smart Change of Character Signals

Ever found yourself entering too late or getting faked out by false breakouts? Yeah, it sucks… especially when you knew price was shifting but didn’t have confirmation. That’s exactly where the CHOCH ARROWS Indicator V1.0 MT4 comes in.

This tool is built on the Smart Money Concept (SMC) of CHoCH — Change of Character. In simple terms, it identifies the first sign that market structure has flipped from bullish to bearish (or vice versa). The indicator plots clean arrows on your MT4 charts, so you don’t have to overthink whether that swing high/low was important.

And the best part? You can grab it 100% free at ForexFactory.cc. Powered by YoForex, the team that consistently delivers backtested, live-verified tools, this one’s designed for traders who want clarity and accuracy in spotting early trend reversals.

Overview of CHOCH ARROWS Indicator V1.0 MT4

The CHOCH ARROWS Indicator is a visual confirmation tool that makes Smart Money Concepts practical for everyday traders. Instead of manually drawing structures, waiting for breakouts, and second-guessing candle closes, you get instant signals via arrows directly on your chart.

It works across multiple assets but shines on major forex pairs (EURUSD, GBPUSD, USDJPY) and XAUUSD (gold). For timeframes, it’s versatile:

M15 for scalpers/intraday traders,

H1 for swing traders who want cleaner setups.

With just a $200 minimum deposit, you can pair this indicator with any trading strategy or even use it standalone for CHoCH-based entries.

Key Features

Detects Change of Character (CHoCH) shifts instantly

Plots arrows on chart for easy visual confirmation

Works on forex pairs, gold, indices, and crypto

Best timeframes: M15 and H1 for higher accuracy

Zero repainting – signals remain after candle close

Lightweight .ex4 file, no lag on MT4

Adjustable sensitivity (choose conservative or aggressive setups)

Compatible with all MT4 brokers and account types

Alerts (popup + sound) for new CHoCH signals

Recommended starting capital: $200

Backtest & Live Proof

Before releasing this tool, the YoForex team ran backtests across different market conditions. On EURUSD (H1 timeframe) from 2020–2024, the CHOCH ARROWS Indicator produced consistent, clear signals around trend shifts with over 78% accuracy when combined with basic risk management (1:2 risk-reward).

On XAUUSD M15, the tool excelled during volatile sessions, capturing early reversals before major moves. Traders saw daily opportunities with minimal drawdown when sticking to structured setups.

Live trading tests were also performed. YoForex accounts running the indicator in conjunction with basic SMC entry rules saw steady month-on-month returns without the emotional stress of guessing breakouts.

Installation & Setup

Getting started is simple. Follow these steps:

Download the CHOCH ARROWS Indicator V1.0 MT4 from ForexFactory.cc.

Open your MT4 platform → Go to File → Open Data Folder.

Navigate to MQL4 → Indicators.

Copy the .ex4 file into this folder.

Restart MT4 and check the Navigator panel.

Drag the CHOCH ARROWS Indicator onto your chart.

Load the recommended settings file (included in the download).

Once attached, you’ll instantly see arrows marking potential CHoCH shifts. Combine it with SMC zones, Fibonacci retracements, or supply-demand areas for maximum effect.

Why Choose YoForex Tools?

There’s a reason traders keep coming back to YoForex tools:

100% free forever on ForexFactory.cc

Lifetime updates and bug fixes

Transparent performance reports (no hidden marketing hype)

Optimized settings for different market conditions

You’ll also find dozens of other free Expert Advisors and Indicators in the Newest EAs section or Indicator section.

YoForex’s mission is simple — to empower traders with professional-grade tools without the hefty price tags.

Support & Disclaimer

Got issues installing or setting it up? YoForex has your back:

WhatsApp Support: https://wa.me/+443300272265

Telegram Group: https://t.me/yoforexrobot

And just to be clear:
Trading involves risk. While the CHOCH ARROWS Indicator is a powerful tool, past performance doesn’t guarantee future results. Always test on demo before going live, and manage risk responsibly.