PZ Double Top Bottom MT5

3

Trade double tops and bottoms effectively

The PZ Double Top/Bottom Indicator is a technical analysis tool that helps traders identify potential price reversal patterns in the market. These patterns, known as double tops and bottoms, are characterized by two consecutive peaks or valleys in the price of an asset. Double tops and bottoms are often seen as potential reversal patterns because they can signal a change in the direction of the current trend.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products]

  • Clear trading signals
  • Customizable colors and sizes
  • Implements performance statistics
  • Customizable fibonacci retracement levels
  • It displays suitable stop-loss and take-profit levels
  • It implements email/sound/visual alerts
These patterns can expand, and the indicator follows the pattern by repainting. However, the indicator implements a twist to make it easier to trade: it waits for a Donchian breakout in the right direction before signaling the trade, making its signals very reliable and mostly non repainting.

Input Parameters

  • Amplitude: The amplitude represents the minimum amount of bars between alternative price points. To find big patterns, increase the amplitude parameter. To find smaller patterns, decrease the amplitude parameter.
  • Min. Retracement: The minimum fibonacci retracement needed in a pattern.
  • Max. Retracement: The maximum fibonacci retracement possible in a pattern.
  • Max History Bars: Amount of past bars to evaluate when the indicator loads in the chart.
  • Display Stats: Show or hide the statistics dashboard and performance data.
  • Display SL/TP Levels: Show or hide the suitable stop-loss and take-profit levels for each signal.
  • Drawing Options: Colors and sizes for bullish or bearish lines and labels, as well as font sizes.
  • Breakouts: Colors and sizes for breakout arrows.
  • Alerts: Enable or disable alerts of all kinds.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.


Avis 2
Olatunde Johnbosco Ojo
191
Olatunde Johnbosco Ojo 2018.10.17 21:31 
 

Great indicator

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Indicateurs
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Shengzu Zhong
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Indicateurs
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Indicateurs
Présentation de   Quantum TrendPulse   , l'outil de trading ultime qui combine la puissance de   SuperTrend   ,   RSI   et   Stochastic   dans un seul indicateur complet pour maximiser votre potentiel de trading. Conçu pour les traders qui recherchent précision et efficacité, cet indicateur vous aide à identifier les tendances du marché, les changements de dynamique et les points d'entrée et de sortie optimaux en toute confiance. Caractéristiques principales : Intégration SuperTrend :   suivez f
FX Power MT5 NG
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5 (33)
Indicateurs
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Indicateurs
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Siarhei Vashchylka
5 (11)
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ARICoins
Temirlan Kdyrkhan
Indicateurs
ARICoin is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or email Cust
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5 (1)
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Marcela Goncalves De Oliveira
Indicateurs
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Filtrer:
Andre Matthes
687
Andre Matthes 2021.02.25 15:09 
 

indicator seems to work, but sadly there is no support. i had some questions about the different results with the mt4 version..but no one ansered.

PZ TRADING SLU
854260
Réponse du développeur Arturo Lopez Perez 2021.07.07 17:29
If your questions were not answered yet, please drop me a support ticket at help@pointzero-trading.com. Thanks.
Olatunde Johnbosco Ojo
191
Olatunde Johnbosco Ojo 2018.10.17 21:31 
 

Great indicator

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