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ZigZag Support and Resistance

The indicator determines the true support/resistance levels in the interpretation of Tulegen Urazaliev.

1.When a white candle is followed by black and a black candle is followed by white, that is, the color of the candles changes alternately.

  • The support level is drawn through the Low of the white candle, the resistance level - through the High of the black candle.

2.When a white (black) candle is followed by multiple black (white) candles.

The resistance level is drawn through the High of the candle, in which

  1. High of the candle is higher than any Open of this group of black candles,
  2. High of the candle is lower than any High of this group of black candles,
  3. High of the black candle must be higher than any Close from the preceding group of white candles.
  4. If the rule №3 is not met, there is no High on the black candles that is higher than any Close from the preceding group of white candles, then use the highest High from this group of black candles in the ZigZag

The support level is drawn through the Low of the white candle, which is:

  1. Low of the candle is lower than any Open of this group of white candles,
  2. Low of the candle is higher than any Low of this group of candles,
  3. Low of the white candle must be lower than any Close from the preceding group of black candles.
  4. If the rule №3 is not met, there is no Low on the white candles that is higher than any Close from the preceding group of black candles, then use the highest Low from this group of white candles in the ZigZag
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Introduction Excessive Momentum Indicator is the first indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and bre
200 USD
TPA True Price Action MT5 Indicator
TPA True Price Action MT5 Indicator
InvestSoft
Der Forex TPA Indikator deckt die wahren Aktionen der Marktmacher auf, immer dann wenn sie passieren. "Kämpfe nicht gegen die Marktmacher an, sondern folge ihnen",  ist wohl der beste Rat, den ein Trader bekommen kann. Der TPA Indikator zeigt jedesmal seine Signale an wenn die Bullen definitiv stärker sind als die Bären und umgekehrt. Dieser Indikator wurde VON Tradern FÜR Trader gemacht und ist 100% NICHT NACHZEICHNEND! Signale werden STRENG am Schluss einer Kerze  generiert . Das sagen unsere
168 USD
Vix75 Moneyline
Vix75 Moneyline
Emmanuel Urua Abel
Trading vix 75 is always a tough thing to do for anyone ...but with the vix75 cashline indicator/analyzer you are able to take your share of the profit from the market week in week out without much experience or getting to seat on your computer the whole day . the indicator is built to catch long term trades so it  will always present you that 1:10 risk to reward kind of trades weekly at least twice on vix 75 .and some few monthly on other pairs below . all you need to do is take the trades as t
60 USD
Ultimate Double Top Bottom Scanner MT5
Ultimate Double Top Bottom Scanner MT5
FXsolutions
This indicator scans for you up to 15 trading instruments and up to 21 time frames for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double Tops/Bottoms with fake breakouts . For double tops with fake breakouts the highest price of the right shoulder must be higher than the left shoulder. For double bottoms with fake breakouts the lowest pric
119 USD
Advanced Supply Demand MT5
Advanced Supply Demand MT5
Bernhard Schweigert
Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to  show double timeframe zones . You will not only be able to show a higher timeframe but to show both, the chart TF, PLUS the higher TF:  SHOWING NESTED ZONES . All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential
128 USD
ACB Trade Filter MT5
ACB Trade Filter MT5
KEENBASE SOFTWARE SOLUTIONS
ACB Trade Filter indicator provides a way to filtering out the low probability trading entries in a trading strategy. The indicator uses a sophisticated filtration algorithm based on the market sentiment and trend. The MT4 version of the same indicator is available here ACB Trade Filter MT4 Applications Works great with our indicator ACB Breakout Arrows MT5 Filter out low probability signals from any indicator. Avoid over-trading and minimize the losses. Trade in the direction of market sentim
60 USD
Pivot Prof
Pivot Prof
Paul Anscombe
Ein hervorragender Indikator ... Holen Sie sich mit Pivot Prof erstaunliche Handelsmöglichkeiten und nutzen Sie die Levels, die Profis verwenden. Verbessern Sie Ihren Handel noch heute! Pivot Prof ist reich an Funktionen und verwendet einzigartige Algorithmen, um Handelsniveaus aus mehreren Zeiträumen in einem einzigen, einfach zu lesenden Diagramm zu berechnen und anzuzeigen. Außerdem bietet es Terminal-, Mobil- und E-Mail-Benachrichtigungen sowie eine vollständige Anpassung. Wichtiges Upd
69 USD
Weis Wave
Weis Wave
Sergey Mylnikov
The indicator displays the total or average volume in the price movement. Due to this, it is easy to determine the demand and supply in the market, turning points. It works in any Forex markets, futures, stocks.  It does not redraw, the construction algorithm allows you to work with any instrument on any timeframe, regardless of the volatility "without adjustment to the instrument." The ideas from the books of David Weiss  "A Modern Adaptation of the Wyckoff Method" and Timothy Orda  "The_Secret
52 USD
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The ZigZag works as follows: On the left part of the chart, it finds a pivot point with the NumderOfBars parameter, which is a bottom. If the price action draws a top with the NumderOfBars parameter after this bottom, then the ZigZag draws a line from the bottom to the top. If the price action makes a new deeper Low, without forming a top, then the ZigZag extends the descending line to the new bottom. If the pivot point with the NumderOfBars parameter on the left side of the chart is a top, the
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Sergey Lazarenko
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Channell
Sergey Lazarenko
The indicator is an addition to the standard equidistant channel. It draws up to five touch zones in both directions (up and down) How to use: Apply the Channell to the price chart Draw equidistant channel on the price chart Channell is attached to the equidistant channel, and draws required lines Parameters: Middle - middle equidistant channel TouchLevel - the borders of the equidistant channel not reached, the recommended value of 10% Level1 - "crossing" the border of the equidistant chann
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ZZFractalsNBars
ZZFractalsNBars
Sergey Lazarenko
The ZigZag works as follows: On the left part of the chart, it finds a pivot point with the NumderOfBars parameter, which is a bottom . If the price action draws a top with the NumderOfBars parameter after this bottom , then the ZigZag draws a line from the bottom to the top . If the price action makes a new deeper Low, without forming a top , then the ZigZag extends the descending line to the new bottom . If the pivot point with the NumderOfBars parameter on the left side of the chart is a top
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