• Overview
  • Reviews (10)
  • Comments (22)
  • What's new

PZ Turtle Trading

The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

The Entry Strategy

The Turtles learned two breakout variants or "systems". System One (S1) used a 20-day price breakout for entry. However, the entry was filtered by a rule that was designed to increase the odds of catching a big trend, which states that a trading signal should be ignored if the last signal was profitable.

But this filter rule had a built-in problem. What if the Turtles skipped the entry breakout and that skipped breakout was the beginning of a huge and profitable trend that roared up or down? Not good to be on the sidelines with a market taking off!

If the Turtles skipped a System One 20-day breakout and the market kept trending, they could and would get back in at the System Two (S2) 55-day breakout. This fail-safe System Two breakout was how the Turtles kept from missing big trends that were filtered out.

The entry strategy using System Two is as follows:

  • Buy a 55-day breakout if we are not in the market;
  • Short a 55-day breakout if we are not in the market.

The entry strategy using System One is as follows:

  • Buy a 20-day breakouts if last S1 signal was a loss;
  • Short a 20-day breakouts if last S1 signal was a loss.

The Turtles calculated the stop-loss for all trades using the Average True Range of the last 30 days, a value which they called N. Initial stop-loss was always ATR(30) * 2, or in their words, two volatility units. Additionally, the Turtles would pile profits back into winning trades to maximize their winnings, commonly known as pyramiding. They could pyramid a maximum of 4 trades separated from each other by 1/2 volatility unit.


The Exit Strategy

The Turtles learned to exit their trades using breakouts in the opposite direction, which allowed them to ride very long trends.

The exit strategy using System Two is as follows:

  • Exit long positions if/when the price touches a 20-day low
  • Close shorts positions if/when the price touches a 20-day high

The exit strategy using System One is as follows:

  • Close long positions if/when the price touches 10-day low
  • Close short positions if/when the price touches a 10-day high

Input Parameters

  • S1 Trade Period: Donchian breakout period to trade (system #1)
  • S1 Stop Period:  Donchian breakout period to exit trades (system #1)
  • S2 Trade Period: Donchian breakout period to trade (system #2)
  • S2 Stop Period: Donchian breakout period to exit trades (system #2)
  • Drawing Settings: Customize colors and sizes for arrows.
  • Alerts: This parameter block controls the indicator alerts.

Support

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

      Author

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

      Reviews 10
      goneski2020
      161
      goneski2020 2017.11.17 17:27 
       

      Turned my trading from breaking-even to Profit.

      pnutfx503
      1544
      pnutfx503 2017.05.08 15:09 
       

      cheap pays for its self easy to use and understand

      Recommended products
      PZ Penta O MT4
      Arturo Lopez Perez
      The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements. Penta-O patterns can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input. [ Installation Guide | Update Guide | Troubleshooting | FAQ | A
      FREE
      PZ Three Drives
      Arturo Lopez Perez
      This indicator finds Three Drives patterns. 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. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visua
      FREE
      PZ Super Trend
      Arturo Lopez Perez
      A top-quality implementation of the famous Super Trend indicator, which needs no introduction. It is completely loyal to the original algorithm, and implements many other useful features such as a multi-timeframe dashboard.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade It implements alerts of all kinds It implements a multi-timeframe dashboard It is non-repainting and non-backpainting Input Parameters ATR Period - This is the average true range peri
      FREE
      PZ Pivot Points
      Arturo Lopez Perez
      This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It plots historical levels for backtesting purposes It allows you to select the reference timeframe It implements different Pivot Point calculation modes It implements different SR calculation modes It implements customizable colors and sizes Calculation Modes The indi
      FREE
      PZ Inside Bars
      Arturo Lopez Perez
      This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar. A blue box is
      FREE
      PZ The Zone
      Arturo Lopez Perez
      This indicator displays buy or sell signals according to Bill Williams' definition of the Trading Zone. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Avoid trading flat markets Deterministic indicator with clear rules The indicator is non-repainting It implements alerts of all kinds It has straightforward trading implications. A blue arrow is a buy signal A red arrow is a sell signal According to Bill Williams trading in the zone helps to
      FREE
      PZ Reversal Fractals MT4
      Arturo Lopez Perez
      This is the latest iteration of my famous indicator, Reversal Fractals, published for the first time almost a decade ago. It examines the price structure of fractals to determine possible reversal points in the market, providing timing to positional traders that already have a fundamental or technical valuation model. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Reversal fractals can start long trends The indicator is non repainting It implements alerts of all ki
      FREE
      PZ Tick Chart
      Arturo Lopez Perez
      This indicator displays a complete tick chart with two optional moving averages, and makes paying attention to sub-m1 price data really easy. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Identify price spikes easily The blue line is the ask price The red line is the bid price The indicator doesn't lose tick data when reloaded It implements two optional moving averages The indicator is non-repainting Input Parameters Display Moving Averages: Display or hide the
      FREE
      PZ Keltner Channel MT4
      Arturo Lopez Perez
      Kelter Channel is a technical indicator designed to find overbought and oversold price areas, using a exponential moving average and ATR. And it implements a particularly useful twist: you can plot the bands of a higher timeframe in the current chart. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find overbought and oversold situations Read data from higher timeframes easily The indicator displays data at bar opening The indicator is non-repainting Trading implica
      FREE
      PZ HHHc LLLc
      Arturo Lopez Perez
      A personal implementation of a famous trend principle known as higher high, higher close, lower low, lower close (HHHC - HHHL). It uses price action alone to determine trend direction, trend changes and pullback zones.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable breakout period Customizable colors and sizes It is non-repainting and non-backpainting It implements alerts of all kinds The indicator defines three price zones: Buy zones are blue Sell zon
      FREE
      PZ Trendlines
      Arturo Lopez Perez
      Tired of plotting trendlines? The PZ TrendLines indicator applies a mechanical approach to the construction of trend lines for you!  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors Support I am happy to provide free products but given my limited time, they come
      FREE
      PZ Oscillator
      Arturo Lopez Perez
      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 t
      FREE
      PZ Lopez Flow
      Arturo Lopez Perez
      This indicator studies price action as an aggregation of price and time vectors, and uses the average vector to determine the direction and strength of the market. This indicator highlights the short-term directionality and strength of the market, and can be used to capitalize from short-term price movements by trading breakouts or binary options. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find market direction easily Confirm with breakouts or other indicators D
      FREE
      PZ Market Depth
      Arturo Lopez Perez
      Do you like scalping? Th is indicator displays information about the latest price quotes received from the broker. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Identify tick trends easily A blue row means the price has increased A red row means the price has decreased Customizable colors and font sizes Display your desired amount of rows The indicator is non-repainting Parameters Rows: amount of rows with data to display in the chart Font size: font size of th
      FREE
      PZ Binary Options
      Arturo Lopez Perez
      This indicator analyzes price action patterns and helps you to make positive equity decisions in the binary options market. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Trade both call and put options No crystal ball and no predictions The indicator is non-repainting The only strategy suitable for binary options is applying a mathematical approach, like professional gamblers do. It is based on the following principles: Every binary option represents
      FREE
      PZ Fibonacci
      Arturo Lopez Perez
      Are you tired of plotting fibonacci retracements or extensions manually? This indicator displays fibonacci retracements or extensions automatically, calculated from two different price points, without human intervention or manual object anchoring.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use Manual anchoring is not needed Perfect for price confluence studies The indicator evaluates if retracements or extensions are needed Once drawn, you can manually
      FREE
      PZ Market Sentiment
      Arturo Lopez Perez
      This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find early reversals Confirm short-term trades Detect indecision on the market Take contrarian trades near support and resistance levels Trade inside bars confirmed by overall direction of the market T
      FREE
      Multi oscillator divergence EA MT4
      Jan Flodin
      This divergence Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI, bollinger, stochastics, moving average and ADX filter options which makes it possible to filter out only the strongest setups. T he   Advanced supply/demand indicator  (has to be separately rented or purchased) can be used as an extra confirmation condition for trade entry and c
      FREE
      MACDivergence MTF demo
      Pavel Zamoshnikov
      Advanced ideas of the popular MACD indicator: It detects and displays classic and reverse divergences (three methods of detecting divergences). It uses different color to highlight an uptrend and a downtrend. Two methods of determining a trend: а) MACD crosses the 0 level (classic signal); б) MACD crosses its own average (early signal). This is a multi-timeframe indicator: it can display MACD data from other timeframes. Two methods of drawing: classic histogram and line. It generates sound and v
      FREE
      PZ Bollinger Trend
      Arturo Lopez Perez
      A personal implementation of the famous Bollinger bands indicator as a trend following mechanism, which uses a moving average and the standard deviation to define what a trend is and when it changes. Bollinger bands are usually used as an oversold/overbought indicator only, but in my opinion, the trading approach is more complete using the trend variant as an exit strategy. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Customizable colors and sizes It
      FREE
      AMD Exclusive Two Separate Window Free
      Szymon Palczynski
      With this AMD Exclusive Two Separate Window Free indicator, you will be able to spot, predict, trade and profit from strong trends of markets This is not a simple indicator, it is a ready to use trade system. AMD Exclusive Two Separate Window Free works only on USDCAD currency pair. The full version of the product has no limitations. Full version: https://www.mql5.com/en/market/product/33589 What we have? Automatic optimization Overbalance (manual, semi-automatic and automatic) Fibonacci P
      FREE
      PZ Fractal Trader EA
      Arturo Lopez Perez
      This EA trades untested fractals using pending orders. It offers many trading behaviors and flexible position management settings, plus many useful features like customizable trading sessions and a martingale mode. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise It implements 4 different trading behaviors Customizable break-even, SL, TP and trailing-stop Works for ECN/Non-ECN brokers Works for 2-3-4-5 digit symbols Trading can be NFA/FIFO Co
      FREE
      HMA Dynamic Color
      Wojciech Kuczer
      HMA – Hull Moving Average is an indicator created by Allan Hull . HMA calculates the average price and draws results as a line on a chart. The biggest advantage of HMA is minimal lag comparing to SMA ( Smooth Moving Average ) or WMA ( Weighted Moving Average ) Moving averages are always popular among traders. Investors trust them because they can be very accurate trend indicators. HMA strategy do’s and don’ts. HMA used properly can be very helpful as a part of the trading strategy. I’m goi
      FREE
      PZ Multidiagonals
      Arturo Lopez Perez
      This indicator connects past price points drawing diagonals and trend lines, which converge in the future creating hidden reversal points.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find hidden reversal points Spot convergence zones easily Dense criss-cross zones are reversal points Configurable amount of lines and price points Configurable colors How to use the indicator The indicator draws several lines on the chart, and where many of these lines converge a
      FREE
      PZ Heat Finder
      Arturo Lopez Perez
      This indicator scans all the instruments in your Market Watch and finds those offering the most volatility and efficient price movement. It will tell you what instruments are best to trade at any given time. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find what symbols are hot to trade easily Stop missing out on trading opportunities Stop trading flat instruments going nowhere Find dozens of price action opportunities regularly Focus your margin on instruments wh
      FREE
      Multi oscillator divergence FREE
      Jan Flodin
      The indicator identifies when a divergence occurs between price and an oscillator. It identifies bullish and bearish hidden or regular (classical) divergences. Features Can detect divergences for the following oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO),  ADX , ATR, OBV, MFI, Momentum and Composite index . Only one oscillator can be selected per chart. Draws solid lines for regular/classical (potential reversal) divergences and dashed lines
      FREE
      PZ Random Trader EA
      Arturo Lopez Perez
      This EA trades in a completely random fashion with customizable lotsize, stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Good for rebate generation Customizable SL, TP and lotsize Great for benchmarking tests against other EAs Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Trading is FIFO (NFA) Compliant Input Parameters Stoploss: Stop-loss for orders in pips Takeprofit: Take-profit for orders
      FREE
      Free automatic fibonacci
      Tonny Obare
      Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
      FREE
      Ultimate Double Top Bottom Reversal Scanner FREE
      FXsolutions
      This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the sca
      FREE
      Hourly Fibo
      Khurram Mustafa
      This is a product for Fibonacci fans. Fibonacci is a tool mostly used to define support/resistance levels and decide on market entries and exits. The responsibility of this indicator is to manage Fibonacci Retracement of the last week. Product is especially developed for H1 and D1 chart. This indicator maintains Fibonacci retracement of last week High to Low where trader will find exact support/resistance levels. In this indicator, some extra levels are added. If you found any discrepancy, ple
      FREE
      Buyers of this product also purchase
      Gold Stuff
      Vasiliy Strukov
      Gold Stuff is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw and does not lag. Recommended time frame H1. At it indicator work full auto  Expert Advisor EA Gold Stuff Telegram group  here  telegram channel  here Current settings are always here A beginner's guide is here  SETTINGS Draw Arrow -  on off. drawing arrows on the chart. Alerts -   on off audible alerts. E-mail notification -  on off. email notifications.
      50 USD
      Entry Points Pro
      Yury Orlov
      This is an indicator for MT4 providing accurate signals to enter a trade without repainting. It can be applied to any financial assets: forex, cryptocurrencies, metals, stocks, indices .  It will provide pretty accurate estimations and tell you when it's best to open a deal and close it. Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! Most traders improve their trading results during the first trading week with the help of the Entry Points Pr
      130 USD
      Advanced Supply Demand
      Bernhard Schweigert
      CURRENTLY 33% OFF !! ⭐⭐⭐⭐⭐  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 TF 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 th
      148 USD
      PipFinite Trend PRO
      Karlo Wilson Vendiola
      Breakthrough Solution For Trend Trading And Filtering With All Important Features Built Inside One Tool! Trend Pro's smart algorithm detects the trend, filters out market noise and gives entry signals with exit levels. The new features with enhanced rules for statistical calculation improved the overall performance of this indicator. Important Information Revealed Maximize the potential of Trend Pro, please visit ► www.mql5.com/en/blogs/post/713938 Test the demo version and explore its feature
      98 USD
      Advanced Currency Strength28 Indicator
      Bernhard Schweigert
      CURRENTLY 26% OFF !! 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 only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual: click here That's the first one, the original! Don't buy a wort
      148 USD
      FX Power
      Daniel Stein
      ⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe
      75 USD
      PipFinite Breakout EDGE
      Karlo Wilson Vendiola
      The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
      98 USD
      FX Trend
      Daniel Stein
      ⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long
      75 USD
      FX Volume
      Daniel Stein
      ⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Following the smart money is finally possible! FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesome
      75 USD
      Lighthouse
      Daniel Stein
      ⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly brok
      75 USD
      Supply and Demand Dashboard PRO
      Bernhard Schweigert
      CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  This DASHBOARD is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:  Advanced Supply Demand ). The new DASHBOARD gives a great overview. It shows: filtered Supply and Demand values including zone strength rating, pips distances to/and within zones, it highlights nested zones, it gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your p
      199 USD
      Bermaui Deviation Percent
      Muhammad Elbermawi
      Or ( BD% ) ⭐⭐⭐⭐⭐ which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent. You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to compare volatility between different securities in different markets in terms of percent rather than points. The idea behind th
      50 USD
      Real Time Currency Valuation
      Igor Korepin
      The indicator displays strength of eight major currencies and also can calculate strength of any other currency, metal or CFD. You will not need to study dozens of charts to determine strong and weak currencies, as well as their current dynamics. The picture of the whole currency market for any period can be viewed in a single indicator window. Built-in tools for monitoring and controlling the situation will help you not to miss out on profits. Main features of the indicator It forms indexes o
      65 USD
      Ribonucleic
      Vitalii Zakharuk
      The Ribonucleic indicator is a versatile indicator that combines the advantages of three categories of indicators. You get 3 indicators in 1 product: multi-step trend detection (trend indicators), determination of resistance and support levels (level indicators), determination of overbought and oversold zones (oscillator indicators). The indicator appeared in the process of many years of work with financial assets. The Ribonucleic indicator has become a consequence of those desires and requir
      133 USD
      PipTick VSA MT4
      Michal Jurnik
      PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we have ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of their experience. What Is VSA? VSA (Volume Spread
      97 USD
      PipTick Currency Index MT4
      Michal Jurnik
      PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. The indicator uses the unique calculation formula that reflects actual volume of forex market. Basically, it is a weighted average of currency pairs values which form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency. Not
      67 USD
      MA Super Trend
      Jorge Alejandro Agudelo Alvarez
      MA Super Trend An indicator based on the average maximum and minimum of a candle period, and next to the average true range (ATR) result in a powerful visual work tool to optimize the trend zones and potential areas of market entry. With great adaptability in any type of financial asset and with a potential for visual simplification in the graph, which will make the graph a simple work table. Accompanied by sound notifications, direct messages and enabled emails for an efficient trading experien
      50 USD
      Best Heiken Ashi VQZZ Scanner Dashboard
      Abir Pathak
      Scanner Dashboard for Best Heiken Ashi VQZZ Arrows Indicator here: https://www.mql5.com/en/market/product/45900 Updated description and all extra indicators/templates are here: https://abiroid.com/extras/best-heiken-ashi-vqzz-system-extras Please note that if you are using too many pairs/timeframes, then VQZZ calculations might slow down the dashboard. So be careful not to use too many VQZZ Higher timeframes if you are using too many pairs. Dashboard Symbols: Please refer to Screenshots f
      50 USD
      Aroon Up and Down
      Xianba Xia
      Aroon Up & Down MetaTrader indicator - detecting the local tops and bottoms of the chart it was applied to, this indicator provides the signals for buying and selling the currency pairs when they rise up from the bottom and fall from the top. The cross of the indicator lines provide a good signal to take the profit or to exit with a minimum loss. This indicator can send sound and e-mail alerts on the cross. It is available in both MetaTrader 4 and MetaTrader 5 versions. Input parameters: Aroon
      100 USD
      Trading Chaos Map
      Andrey Sinegovskiy
      For those who studies Bill Williams' books "New Trading Dimensions" and "Trading Chaos (Second Edition)" and tries trading using these methods, it becomes evident that the standard set of indicators is not sufficient for full-fledged work. The Trading Chaos Map indicator draws the "market map", thus allowing you to the charts the same way as the author of the trilogy. Parameters provide options for enabling and disabling each signal. You can use any of the methods, or use them in conjunction. Yo
      125 USD
      Higher Low and Lower High Breakout Dashboard
      Matthew Chan
      WARNING: due to the calculations used by this indicator, it may take time to load and running it may slow down the user's terminal Description & Summary Dashboard to detect Higher-Low/Lower-High breakouts and Triangle Patterns on 28 currency pairs and up to 8 timeframes at once. Numbers on the left are the normalized values of distance between price and last Lower-High and Higher-Low if one has formed (displays "--" if none). Text will turn Red upon a Higher-Low Breakout and Green upon a Lower
      100 USD
      Stochastic Dashboard
      Pablo Mozo Bel
      Stochastic Dashboard is an information panel which allows you to have a global market vision through a stochastic indicator. Stochastic Dashboard analyzes and tracks all the assets you want to invest in. Take advantage of this useful dashboard where you can open in a few seconds the chart and quickly invest in it. Main features of Stochastic Dashboard Graphical panel that allows you to know the situation of many assets. 7 different stochastic situations to discover when an asset is overbought
      59 USD
      TIL Timeframe Overlay
      Viktor Macariola
      The TIL Timeframe Overlay indicator is the perfect tool for multiple timeframe analysis . It does the simple yet powerful task of overlaying a candlestick chart of a different timeframe over another allowing you to see the BIGGER picture and see the underlying TREND amid the noise and volatile price action. Please see the screenshots below for examples. Features: It works in ALL timeframe. It works in ANY instrument/symbol. Displays ENTIRE candlesticks (body and wick) of other timeframes includi
      97 USD
      Currency Strength Matrix
      Raymond Gilmour
      THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get a FREE chart tool, please see user manual HER
      98 USD
      True Direction Oscillator
      Muhammad Elbermawi
      Or (TDO) ⭐⭐⭐⭐⭐   which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" gives higher readings for ascending price movements than that given to descending ones. TDO fixes this problem to help traders at
      60 USD
      Best Currency Strength Indicator
      Tumelo Rakotsoane
      Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
      149 USD
      Advanced Currency IMPULSE with ALERT
      Bernhard Schweigert
      CURRENTLY 39% OFF !! ⭐⭐⭐⭐⭐  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 secret formula. With only ONE chart it gives Alerts for all 28 currency pairs . Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify an
      78 USD
      TDI Scanner Dashboard
      Abir Pathak
      TDI Multi Timeframe Scanner: This Dashboard indicator uses the TDI (Trader's Dynamic Index) Indicator to find best trades. Get extra indicators here: https://abiroid.com/extras/tdi-scanner-dashboard-extras Checks for: - SharkFin Pattern Free indicator for SharkFin: https://www.mql5.com/en/market/product/42405/ - TDI Trend: Strong/Weak Trend Up/Down - TDI Signal: Strong/Medium/Weak Signal for Buy/Sell - Consolidation - Overbought/Oversold - Volatility Bands - Previous Day/Week/Month High/Low Wh
      60 USD
      SuperTrend Scanner
      FXsolutions
      This scanner shows the trend values of the well known indicator SuperTrend for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher time
      59 USD
      TPA Sessions MT4
      InvestSoft
      "TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run   of the TPA Session indicator must be in the open market  for the lines to be drawn correctly. Please visit our blog to study actual trades wi
      50 USD
      More from author
      PZ ABCD Retracement
      Arturo Lopez Perez
      This indicator finds AB=CD retracement patterns. The AB=CD Retracement pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable AC and BD ratios Customizable breakout periods Customizable lines, colors and sizes It d
      49 USD
      PZ Lopez Impulse
      Arturo Lopez Perez
      This indicator evaluates volatility and price directionality simultaneously, which finds the following events. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Decisive and sudden price movements Large hammers/shooting stars patterns Strong breakouts backed by most market participants Indecisive but volatile market situations It is an extremely easy to use indicator... The blue histogram represents the bullish impulse The red histogram represents the bearish impuls
      30 USD
      PZ Reversal Fractals MT5
      Arturo Lopez Perez
      This is the latest iteration of my famous indicator, Reversal Fractals, published for the first time almost a decade ago. It examines the price structure of fractals to determine possible reversal points in the market, providing timing to positional traders that already have a fundamental or technical valuation model. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Reversal fractals can start long trends The indicator is non repainting It implements alerts of all k
      FREE
      PZ Harmonacci Patterns MT5
      Arturo Lopez Perez
      This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci p
      399 USD
      PZ Lopez Trend MT5
      Arturo Lopez Perez
      This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indicator analyzes its own quality and performance It
      149 USD
      PZ Pivot Points MT5
      Arturo Lopez Perez
      This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It plots historical levels for backtesting purposes It allows you to select the reference timeframe It implements different Pivot Point calculation modes It implements different SR calculation modes It implements customizable colors and sizes Calculation Modes The indi
      FREE
      PZ Stretch
      Arturo Lopez Perez
      The Stretch is a Toby Crabel price pattern which represents the minimum average price movement/deviation from the open price during a period of time, and is used to calculate two breakout levels for every single trading day. It is calculated by taking the 10 period SMA of the absolute difference between the open and either the high or low, whichever difference is smaller. This value is used to calculate breakout thresholds for the current trading session, which are displayed in the indicator as
      30 USD
      PZ Day Trading
      Arturo Lopez Perez
      This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides value on every timeframe It implements self-analysis statistics It imp
      299 USD
      PZ Support Resistance MT5
      Arturo Lopez Perez
      Are you tired of drawing support and resistance lines? The support resistor is a multi-timeframe indicator that automatically detects and records support and resistance lines with a very interesting twist: as the price level is tested over time and its importance increases, the lines become thicker and darker. [ Installation instructions | Update Guide | Troubleshooting | FAQ | All products ] Increase your technical analysis overnight Recognize important course levels without searching the char
      99 USD
      PZ Harmonacci Patterns
      Arturo Lopez Perez
      This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci pro
      399 USD
      PZ Pivot Points
      Arturo Lopez Perez
      This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It plots historical levels for backtesting purposes It allows you to select the reference timeframe It implements different Pivot Point calculation modes It implements different SR calculation modes It implements customizable colors and sizes Calculation Modes The indi
      FREE
      PZ Supply Demand
      Arturo Lopez Perez
      This indicator analyzes past price action to anticipate buying and selling pressure in the market: it does so by looking back into the past and analyzing price peaks and valleys around the current price. It is a state-of-the-art confirmation indicator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Predict buying and selling pressure in the market Avoid getting caught in buying selling frenzies No settings and no optimization needed The indicator works in all timefr
      99 USD
      PZ Candlestick Patterns MT5
      Arturo Lopez Perez
      This indicator recognizes over 30 Japanese Candlestick Patterns and highlights them beautifully on the chart. It is simply one of those indicators price action traders can't live without. Boost your technical analysis overnight Detect japanese candlestick patterns easily Trade reliable and universal reversal patterns Hop onto established trends safely using continuation patterns The indicator is non-repainting and implements alerts The indicator implements a multi-timeframe dashboard It detects
      99 USD
      PZ Trendlines MT5
      Arturo Lopez Perez
      Tired of plotting trendlines? The PZ TrendLines MT5 indicator applies a mechanical approach to the construction of trend lines for you!  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors Support I am happy to provide free products but given my limited time, they com
      FREE
      PZ Support Resistance
      Arturo Lopez Perez
      Tired of plotting support and resistance lines? The Support Resistance is a multi-timeframe indicator that auto-detects and plots supports and resistance lines in the chart with a very interesting twist: as price levels are tested over time and its importance raises, the lines become thicker and darker. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Boost your technical analysis overnight Detect important price levels without browsing through charts Recognize the re
      99 USD
      PZ Trend Trading
      Arturo Lopez Perez
      Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whipsawed Recognize profitable pullbacks, breakouts and early reversals The ind
      299 USD
      PZ Day Trading MT5
      Arturo Lopez Perez
      This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides value on every timeframe It implements self-analysis statistics It imp
      299 USD
      PZ Trendlines
      Arturo Lopez Perez
      Tired of plotting trendlines? The PZ TrendLines indicator applies a mechanical approach to the construction of trend lines for you!  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors Support I am happy to provide free products but given my limited time, they come
      FREE
      PZ Market Profile
      Arturo Lopez Perez
      The market profile indicator provides with an X-Ray vision into market activity, outlining the most important price levels, value area and control value of the daily trading session. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to understand and use Understand market dynamics easily Automatic timeframe selection Identify zones of trading value and discard others It is useful in all market conditions Effective for any trading strategy It implements three color
      FREE
      PZ Wolfe Waves MT5
      Arturo Lopez Perez
      Wolfe Waves are naturally occurring trading patterns present in all financial markets and represent a fight towards an equilibrium price. These patterns can develop over short and long-term time frames and are one of the most reliable predictive reversal patterns in existence, normally preceding strong and long price movements. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Amazingly easy to trade Customizable colors and sizes Implements perfo
      149 USD
      PZ Goldfinch Scalper EA MT5
      Arturo Lopez Perez
      This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
      FREE
      PZ Turtle Trading EA
      Arturo Lopez Perez
      This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
      49 USD
      PZ Three Drives
      Arturo Lopez Perez
      This indicator finds Three Drives patterns. 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. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visua
      FREE
      PZ Inside Bars MT5
      Arturo Lopez Perez
      This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar. A blue box is
      FREE
      PZ ABCD Retracement MT5
      Arturo Lopez Perez
      This indicator finds AB=CD retracement patterns. The AB=CD Retracement pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable AC and BD ratios Customizable breakout periods Customizable lines, colors and sizes It
      49 USD
      PZ Goldfinch Scalper EA
      Arturo Lopez Perez
      This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
      FREE
      PZ Oscillator MT5
      Arturo Lopez Perez
      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 t
      FREE
      PZ Binary Options MT5
      Arturo Lopez Perez
      This indicator analyzes price action patterns and helps you to make positive equity decisions in the binary options market. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Trade both call and put options No crystal ball and no predictions The indicator is non-repainting The only strategy suitable for binary options is applying a mathematical approach, like professional gamblers do. It is based on the following principles: Every binary option represents
      FREE
      PZ Turtle Trading EA MT5
      Arturo Lopez Perez
      This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
      49 USD
      PZ Turtle Trading MT5
      Arturo Lopez Perez
      The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)".  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Pr
      FREE
      Filter:
      goneski2020
      161
      goneski2020 2017.11.17 17:27 
       

      Turned my trading from breaking-even to Profit.

      pnutfx503
      1544
      pnutfx503 2017.05.08 15:09 
       

      cheap pays for its self easy to use and understand

      Vilmar Tavares
      598
      Vilmar Tavares 2017.01.11 01:40 
       

      User didn't leave any comment to the rating

      Maksym Mudrakov
      25137
      Maksym Mudrakov 2016.04.14 08:56 
       

      User didn't leave any comment to the rating

      Francis Dogbe
      10641
      Francis Dogbe 2016.03.30 08:07 
       

      lagging

      [Deleted] 2015.11.30 17:18 
       

      User didn't leave any comment to the rating

      ThaiTrader7
      164
      ThaiTrader7 2014.08.23 20:21 
       

      User didn't leave any comment to the rating

      Ramil Minniakhmetov
      172619
      Ramil Minniakhmetov 2014.05.20 11:43 
       

      User didn't leave any comment to the rating

      Vadim Strelkov
      7829
      Vadim Strelkov 2014.05.05 13:41 
       

      User didn't leave any comment to the rating

      Aleksey Pak
      1151
      Aleksey Pak 2013.12.09 13:51 
       

      User didn't leave any comment to the rating

      Reply to review
      Version 2.0 2019.04.13
      - Minor improvements