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FZR Fractal Zigzag Reversal mql5

30 USD

Demo downloaded: 102

Published: 24 August 2019

Current version: 1.0

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FZR Fractal Zigzag Reversal mql5

5

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

Lithuania

9641
4.5 (14)
14 products 1 comment
Version: 1.0
Activations: 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

more...

Video FZR Fractal Zigzag Reversal mql5

Screenshot #1 FZR Fractal Zigzag Reversal mql5

Screenshot #2 FZR Fractal Zigzag Reversal mql5

Screenshot #3 FZR Fractal Zigzag Reversal mql5

292

temiking 2021.06.02 17:40 #

Very useful indicator.

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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?

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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

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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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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

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

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

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temiking 2021.06.02 17:40 #

Very useful indicator.