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FZR Fractal Zigzag Reversal

FREE

Published: 20 April 2019

Current version: 1.0

FZR Fractal Zigzag Reversal

Indicators
Egidijus Bikulcius
Egidijus Bikulcius
self employed at individual activities "Ebira"

Lithuania

9655
4.5 (14)
14 products 1 comment
Version: 1.0

FZR indicator determines fractal zigzag reversal pattern of all the time frames of the chosen symbol and shows the information in the Info label. Indicator draws the detected pattern in the chosen time frame and also you can select in the menu to draw the trend line according to FZR peaks.

What it is FZR? See the first picture in the screenshots. As you can see for every peak of FZR the AO indicator must cross zero line. FZR indicator determines the trend direction.

How to use FZR for trading? When FZR patern is detected and the trend line is drawn you can wait when the price approaches to the trend line and buy or sell in FZR direction. The first take profit level is the last peak of the FZR and the others can be retrieved by Fibonacci levels. Of course you must evaluate the space available for price to go.

You can choose different visualization properties of Info label and FZR or trend lines.

Parameters:

--------------Info label---------------

Info label color
font size for Info label
Info label position Top or Bottom in the center of the chart

---------------FZR line---------------

FZR line color
FZR line width
FZR line style (when width=1)

--------------Trend line---------------

Show trendline? Yes or No to show the trend line
Trendline color
Trendline width
Trendline style (when width=1)

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Screenshot #1 FZR Fractal Zigzag Reversal

Screenshot #2 FZR Fractal Zigzag Reversal

Screenshot #3 FZR Fractal Zigzag Reversal

111

smart money iran 2021.12.06 14:27 #

very good

yuriy224 2022.01.28 15:37 #

Хороший индикатор, жаль, что перерисовывается.

1077

Jebs siptungkha 2020.03.09 14:57 #

looks good

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Pinbar Outside Pattern indicator shows in a table symbol, time frame and direction of the last price candle if it matches outside pinbar input parameters. Outside pinbar means that the candle is extreme in the chosen time frame. By clicking ' Open chart ' button you can view drawn pattern. You can choose to scan through all the symbols in Market Watch or enter your favorite symbols, and also you can enter time frames you need to scan. ---------Main settings-------- Select all symbols from Market

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PS DynamicGrid is a MetaTrader 5 Expert Advisor designed to trade a dynamic grid strategy with trend filtering and equity-based risk management. The EA analyzes market direction using moving averages on two separate timeframes: the main signal timeframe and a higher trend timeframe. Buy trades are allowed only when the current price is above both moving averages, while sell trades are allowed only when the current price is below both moving averages. The first trade in a new grid cycle is open

50 USD

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yuriy224 2022.01.28 15:37 #

Хороший индикатор, жаль, что перерисовывается.

111

smart money iran 2021.12.06 14:27 #

very good

942

gnanos123 2020.09.08 17:09 #

User didn't leave any comment to the rating

9083

sunnychow 2020.03.16 20:01 #

User didn't leave any comment to the rating

1077

Jebs siptungkha 2020.03.09 14:57 #

looks good

FZR Fractal Zigzag Reversal

Egidijus Bikulcius