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PZ Three Drives

Are you a harmonic trader? The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen.

  • Find Three Drives patterns easily
  • Learn the basics of harmonic patterns
  • Useful to find cheap and expensive zones
  • Bullish retracements are blue
  • Bearish retracements are red
  • Customizable 1-2-3 and 0-A-B ratios (for purists)
  • The breakout period for the trade is customizable
  • It implements visual/sound/push/mail alerts

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 amplitudes.
  • 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.

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Version 6.0 - 2017.12.01
- Bug fixes in alerts
- Added two different alert events (breakout and patterns)
Version 2.0 - 2016.04.22
- Alerts issue fixed