FZR Fractal Zigzag Reversal mql5

5

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

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

  • Show trendline?                Yes or No to show the trend line
  •  Trendline color
  • Trendline width
  • Trendline style



    Reviews 1
    temiking
    292
    temiking 2021.06.02 17:40 
     

    Very useful indicator.

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    Indicator SR levels true in small time frames is very useful for scalping while in bigger ones it is good for day or position trading. SR levels true can draw 4 support/resistance levels based on defined maximum rebouds from price level. Indicator scans  defined number of bars in time axis and defined number of pips in price axis (both sides - up and down) and calculates how much times price was rejected from scanned price levels. At the price levels where maximum rebounds are counted, support
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    Pivot levels mql5
    Egidijus Bikulcius
    Pivot levels indicator shows 7(9 for Camarilla) pivot levels. It is adjusted for major use, including: all standard time frames choice of periods to show four popular calculation formulas (typical, median, weighted and Camarilla) pivot day shift choice of properties for lines and labels choice of showing alerts when crossing pivot lines Parameters: ----------Main parameters----------- Timeframe - time frame for pivot levels Number of periods to show - displays pivot levels for number of periods
    SR levels true
    Egidijus Bikulcius
    Indicator SR levels true in small time frames is very useful for scalping while in bigger ones it is good for day or position trading. SR levels true can draw 4 support/resistance levels based on defined maximum rebouds from price level. Indicator scans  defined number of bars in time axis and defined number of pips in price axis (both sides - up and down) and calculates how much times price was rejected from scanned price levels. At the price levels where maximum rebounds are counted, support
    Candle Pattern Alert indicator alerts when the last price closed candle matches the set input parameters. 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 Watch? - if Yes the program scans through all the symbols displayed in Market Watch, if No - only selected in next input symbols are scanned Enter symbols separated by commas - enter sy
    SFP pattern mql5
    Egidijus Bikulcius
    A Swing Failure Pattern ( SFP ) is a trade setup in which big traders hunt stop-losses above a key swing high or below a key swing low for the purpose of generating the liquidity needed to push price in the opposite direction. When price 1) pierces above a key swing high but then 2) closes back below that swing high, we have a potential bearish SFP . Bearish SFPs offer opportunities for short trades. When price 1) dumps below a key swing low but then 2) closes back above that swing low, we have
    Indicator Constant TF Moving Average basically is the same Moving Average indicator, but differently it always shows the price values of chosen time frame. Also, number of periods to show can be selected. Indicators purpose is to use it as support and resistance level in smaller time frames than selected in Input menu. How it looks like you can see in screenshots and video. ---------Main settings-------- Timeframe - choose time frame from dropdown menu Number of periods to show - enter the integ
    Impuls Fibo
    Egidijus Bikulcius
    Impulse Fibo indicator is used to determine price levels after some price impulse occurs. How to use it you can see in screenshots and video. In the indicator setup you can fix two different setups for two different patterns. For drawing convenience also two different rectangles can be easy put on the screen to draw support/resistance levels. . Inputs Draw pattern 1 Line color - choose color from dropdown menu Line style - choose style from dropdown menu Line width - enter integer number 1,2,3.
    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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    temiking
    292
    temiking 2021.06.02 17:40 
     

    Very useful indicator.

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