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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.


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

No reviews
Version 6.0 - 2017.11.06
- Bug fixes in alerts
- Added alerts for patterns and breakouts as separate events
Version 2.0 - 2016.04.22
- Alerts issue fixed