PZ Penta O MT4

2.33

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 | All Products ]

  • Customizable pattern sizes
  • Customizable colors and sizes
  • Customizable breakout periods
  • Customizable pattern ratios
  • It implements visual/sound/push/mail alerts

Kindly note that price patterns such as this can expand and the indicator must repaint to follow the expansion of the pattern. If the pattern repaints beyond the ratios entered in the parameters, the pattern will dissapear as it won't be valid any more. To trade these patterns, please resort to the donchian breakout signal.

  • Bullish patterns are blue
  • Bearish patterns are red

Penta-O patterns do not happen very often: to find more, load the indicator many times in the chart with different amplitudes.

Important: This indicator has been renamed to comply with a trademark complaint from Mr. Scott M. Carney, who owns the following trademarks in the USA: Five-O Pattern.

Technical Information

  • 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.

Input Parameters

  • Amplitude: Size of the patterns to be found
  • Breakout Period: Donchian breakout period to time signals
  • Max History Bars: Amount of bars to look back when the indicator loads
  • Min XB: Minimum XB ratio for a valid pattern
  • Max XB: Maximum XB ratio for a valid pattern
  • Min AC: Minimum AC ratio for a valid pattern
  • Max AC: Maximum AC ratio for a valid pattern
  • Min BD: Minimum BD ratio for a valid pattern
  • Max BD: Maximum BD ratio for a valid pattern
  • Labels: Select colors and sizes of the O,A,B and 1,2,3 labels
  • Ratios : Select colors and font-size for ratios
  • Alert on breakouts: Enable to receive alerts when a pattern is found
  • Alert on patterns: Enable to receive alerts when a breakout happens and arrows show up
  • Alert settings: Enable or disable visual, push, email and sound alerts

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
Reviews 6
topline8000
1144
topline8000 2023.08.10 06:43 
 

it's ok

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Official release price is 65$ ,only for the first 10 copies ( only 3 left ).                Next price is 95$ , final price will be 250$. Sniper Delta Imbalance is a professional tool for deep delta analysis — the difference between buyer and seller volumes. It takes volume analysis to the next level, allowing traders to see in real time who controls the price — buyers or sellers — and to find precise entry points based on the actions of major market participants. This tool repre
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jun_pichi
35
jun_pichi 2024.04.21 03:53 
 

0XABCDパターンの形成が出来てからそれを表示されるので、まずほとんど稀にしか表示されることはないし、表示されたとしても稼げるかどうかかなり怪しい。なんとか使えるようにならないかといろいろパラメータを変えてがんばってみたが私にはだめだった。 有料で同じような趣旨のex4を作成されているのでもしかしたらそちらは真面目に作ってあるのかも知れない。 私の直観が正しければ真面目に作ってあればかなり稼げるツールになるであろうことが予想できた。 具体的にはV文字、N文字、M文字が形成された時点で、フィボナッチ数列に近い比率ででた場合に即表示するべきである。例として右のサムネイルの画像で言えば、XABでフィボナッチ数列に合致した三角形が形成されれば後のBCで大きく伸びている。そのBC間で儲けるかどうかは他の指標(macd. rsi,ma,etc...)の裁量に任せてはどうだろうか?もしBCでお金を稼ぐことが出来たら、次はCDでお金を稼ぐことができるかどうか?もしもフィボナッチ数列に合致していたらその信憑性が高まるという風な使い方である。仮にXABがフィボナッチ数列に合致していたとして、投資家にとっては続くBCが長く伸びて儲けることができればフィボナッチ数列に合致してようがしまいが実際は何でもいいのである。それでは趣旨が違うのだと言われてしまうかも知れない。しかし、このようにめったに成立しない0XABCDパターンが形成されてからそれを表示させる方式では、あまりお金を儲けさせることはできないと思います。

topline8000
1144
topline8000 2023.08.10 06:43 
 

it's ok

shyneyo
14
shyneyo 2023.02.26 02:33 
 

No me funciono.

Toby Zandier
20
Toby Zandier 2021.04.05 21:24 
 

Does'nt Work. . nothing prints on the chart.

vojager
14
vojager 2021.03.10 18:27 
 

Don't work.

sunnychow
9049
sunnychow 2019.12.29 16:58 
 

User didn't leave any comment to the rating

philippe germain
2803
philippe germain 2019.08.21 09:34 
 

False signals!

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