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PZ Oscillator MT5

This is a smooth and responsive accelerometer which reveals the market trend and strength.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Two moving averages indicate trend direction
  • The histogram represents strength of the price movement
  • It draws buy and sell zones as colored vertical lines
  • Should be used as a confirmation indicator
  • Customizable line widths and colors
  • It implements alerts of all kinds
This indicator is similar to MACD but aims to react faster to price changes.

Input Parameters

  • Period: Period in bars for the oscillator
  • Averaging: Averaging period for the oscillator
  • Max History Bars: Amount of past bars to evaluate upon loading
  • Display Zones: Enable or disable vertical buy and sell zones
  • Alerts: Enable or disable alerts of all kinds


I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.


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

Aravind 2019.04.12 04:13 


AshFTW 2015.01.06 14:47 

В общем, обычный индикатор, полученный сложением индикаторов Bears и Bulls Power, только красивый, сглаженный и перерисовывающий сформировавшийся бар. Вы заслужили такой отзыв.

vadoos 2014.05.15 07:50 


Vadim Strelkov
Vadim Strelkov 2014.03.17 13:35 

User didn't leave any comment to the rating

Daniel Schwoerer
Daniel Schwoerer 2013.10.06 10:42 

I really like this one and use it in most of my chart set ups. two thumbs up.

Version 4.0 2019.08.11
- Minor changes
Version 1.2 2013.10.30
Important bug fixed which caused averages not to be calculated properly. Please update asap.
Version 1.1 2013.09.02
Important bug fixed, which caused the indicator not to work properly when changing timeframes.