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ProZZcom

Control over the indicator is performed by changing only one parameter directly on the chart. Innovative and precise algorithm for plotting the ZigZag peaks. The "ProZZcom" indicator plots a graphical layout, which allows to quickly find the points for accurate entries and for placing short stop orders. It also predicts a possible flat in the early stages, shows the trend direction and correction in the wave, draws the round levels, draws the Fibonacci level lines. The indicator works on any instrument and any timeframe. Adapted to 4- and 5-digit quotes. An indispensable assistant for those who monitor a lot of financial instruments. The indicator incorporates 15 years experience in the financial markets, it is compact and fast.

  1. Vertices of the zigzag legs are designated with numbers+letter, 4 top and 4 bottom. The calculation algorithm is designed in such a way that creating any more of them is meaningless.
  2. Draws only the important trend lines based on the zigzag peaks with the highest probability of price support and resistance (the 'TrendLineDraw=true/false' parameter in the indicator settings allows to enable/disable the function).
  3. Determines the pattern based on the available zigzag peaks and displays the valid pattern out of hundreds of possible options on the screen as 4-digit numerical code in "Pattern=ХХХХ". It is possible to use only the two last digits or even only the last one. Accordingly, a more simplified pattern will be received. Red font color and a value from 5 to 1 indicate a fall, while blue color and a value from 5 to 9 indicate a growth.
  4. Displays the upcoming upper and lower levels for the possible reversals based on the Fibonacci levels.
  5. Shows surprisingly high probability of the flat. The appearance of the green rectangle on the chart warns about consolidation (flat).
  6. Large red rectangle denotes the N1 downward wave.
  7. Small blue triangle on the background of the large red one will show a correction in the current N1 wave.
  8. Large blue rectangle shown the V1 upward wave.
  9. Small red triangle on the background of the large blue one will show a correction in the current V1 wave.

To change the value of the indicator parameter, simply click edit box and enter a new one in the range from 5 to 300.

There may be a warning about insufficient bars in history, but it is not a critical error, but the inability to calculate distant peaks of the zigzag.

It should be understood and remembered that, unfortunately, the indicator cannot hold the price. It can only point at the important moments for making a decision. Therefore, protective stop orders should be set. It is recommended to apply additional filters for more accurate entries.

Reviews 1
Aleksey Ivanov
62349
Aleksey Ivanov 2019.01.10 21:15 
 

Очень классный, грамотно (по всей трейдерской науке) написанный индикатор.

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Descption: The Volume Profile displays detailed informations of historical trading activities at certain price levels (Market Profile). So you can locate the areas with the best prices in the market and get an advantage about other market participants. Features: Customizable Volume Profile / Market Profile Shows the "fair" Value Area with 70% of all Volume Shows critical low volume zones Shows VPOC, VAL and VAH Points Works on all timeframes Also available for MT5 ( https://www.mql5.com/en/m
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Pro Currency Strength Meter
Oystein Knudsen
Currency Strength Meters are a great way to identify strong and weak currencies. With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD. Suggested timeframes to scan is: M15 - H1 - H4 - Daily  You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.  The strength s
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Best Currency Strength Indicator
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Tumelo Rakotsoane
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Pair Trading Station MT4
Pair Trading Station MT4
Young Ho Seo
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
280 USD
KT Support and Resistance Levels
KT Support and Resistance Levels
KEENBASE SOFTWARE SOLUTIONS
Use of support and resistance in systematic trading is very subjective. Every trader has their own idea and way to plotting the support and resistance levels on the chart. KT Support and Resistance indicator take out this ambiguity out of the situation and automatically draws support and resistance levels following an algorithmic approach using a unique multi-timeframe analysis. When launched on the chart, It immediately scan the most significant extreme points across all the available timefr
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EZT Trend
EZT Trend
Tibor Rituper
The EZT Trend indicator will show you the trend, the pullback and the entry opportunities. Optional filtering and all type of alerts are available. E-mail and push notification alerts are added. We are also developing an EA based on this indicator, which will be available soon. It is a multi-functional indicator consisting of two color histograms and a line. It is a visual representation of a trend direction and strength, also you will find divergence many times, either on the line or on the his
320 USD
Brilliant Harmonic Patterns
Brilliant Harmonic Patterns
Mohamed Sabry
This indicator is meant for Harmonic Traders, it helps them in identifying the formed patterns by analyzing the market past data, looking for Harmonic Patterns. The Patterns that this indicator can detect are: AB=CD Butterfly Gartely Crab Bat The indicator shows the following: The completed pattern, with the critical zone highlighted in Gray box The suggested 3 take profit levels (in green) The Suggested Stop Loss level (in Red) The formed pattern ratios can be checked by hovering the mouse on t
150 USD
Breakout Sniper
Breakout Sniper
Elmira Memish
Breakout Sniper draw trendlines by using improved fractals and plots the breakout and reversal points. NO REPAINTS By using the Multi Period and Multi Timeframe  - Easily identify the potential reversal and breakout levels. - Plot the patterns like triangles, head and shoulders, wedge patterns, cup and handle patterns etc. - Indicator draws arrows only when a breakout happens. - You can see the uncompleted/forming trendlines as well. INPUTS: Signal Mode: After Close ( Puts Arrow afte
220 USD
Pentagram
Pentagram
Andrey Ziablytsev
Автоматическая разметка графика моделями Пентаграмма. Данная модель основана на Модели Расширения из Тактики Адверза. Предназначена для определения тренда и прогнозирования возможных уровней и целей ценовой коррекции в будущем. Модель описывает развивающийся тренд. Тренд актуален до тех пор пока цена не пересекла линию тренда модели в обратном направлении. Уровни лучей пентаграммы, уровень НР, расстояния 100% и 200% от расстояния между точками 1-4,  уровня HP  есть возможные уровни коррекции или
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FlatFilter
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SmartChannels
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MT5. Определяет торговые каналы   и флет  актуальные на текущий момент. Принцип построения канала основан на волновой теории поведения цены. Индивидуальная разработка. Канал можно рассматривать как тренд. С закрашенным фоном это основные импульсные каналы. Коррекционные каналы без фона. Границы пробитых каналов выделены трендовыми линиями. Они будут являться линиями поддержки и сопротивления.   Это не стандартные каналы. Они вычисляются по новому принципу. В алгоритм заложена закономерность пове
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Trend Lines MT5
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Uladzimir Izerski
Индикатор MT5 строит классические трендовые линии по фракталам. Он предназначен для быстрого анализа финансовых инструментов. Работает на любых периодах и любых инструментах. Индикатор настроен на оптимальную работу на каждом периоде графика. Не нуждается в дополнительных настройках. Для лучшего восприятия линии окрашены в разные цвета.   Дополнительно: рисует круглые уровни кратные 100 отсчитывает время до окончания текущего периода.  В меню свойства индикатора можно: ShowRoundLevels=true/false
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Aleksey Ivanov
62349
Aleksey Ivanov 2019.01.10 21:15 
 

Очень классный, грамотно (по всей трейдерской науке) написанный индикатор.

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Version 1.1 2018.09.22
Добавлены трендовые линии.