Change of Character (CHoCH) Detector Indicator
The Change of Character (CHoCH) Detector is designed to reveal the small structural shifts that often appear before a market move becomes obvious. It automatically marks Changes of Character and Breaks of Structure, helping you see whether buyers or sellers are starting to take control. By separating internal structure from broader swing structure, the indicator puts short-term price action into context. Premium, discount, and equilibrium zones add another layer, showing whether price is trading high, low, or near the middle of its current range. It also identifies strong and weak highs and lows—areas that price may respect, revisit, or move through. Sometimes the most important clue on a chart is not a large candle, but a quiet structural break that changes the entire picture.