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PZ Five O

Are you a harmonic trader? The Five-O is a 6-point retracement harmonic pattern which usually precedes big market movements.

  • Find five-o patterns easily
  • Useful to find cheap and expensive zones
  • Customizable XB, AC and BD ratios (for purists)
  • Customizable breakout periods
  • Visual/sound/push/mail alerts

Other Harmonic Trading tools you can find useful are:


Indicator Parameters

The only functional parameters are the following. Everything else are self-display options.

  • Size of the patterns: Minimum size of the patterns to be found
  • Breakout period: Donchian breakout needed to display an arrow
  • Max. History Bars: Amount of past bars evaluated by the indicator.


Some Nitty-Gritty Details

  • The indicator is evaluated every bar, not every tick.
  • The last point of the pattern repaints as the pattern expands.
  • You can have several indicators on the chart with different pattern sizes (recommended)
  • An alert is displayed when the pattern forms and also when the breakout takes place.
  • A small percentage of trading signals can repaint. You can increase the breakout period.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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Version 2.0 - 2016.04.22
- Alerts issue fixed