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ZigZag Support and Resistance

The indicator determines the true support/resistance levels in the interpretation of Tulegen Urazaliev.

1.When a white candle is followed by black and a black candle is followed by white, that is, the color of the candles changes alternately.

  • The support level is drawn through the Low of the white candle, the resistance level - through the High of the black candle.

2.When a white (black) candle is followed by multiple black (white) candles.

The resistance level is drawn through the High of the candle, in which

  1. High of the candle is higher than any Open of this group of black candles,
  2. High of the candle is lower than any High of this group of black candles,
  3. High of the black candle must be higher than any Close from the preceding group of white candles.
  4. If the rule №3 is not met, there is no High on the black candles that is higher than any Close from the preceding group of white candles, then use the highest High from this group of black candles in the ZigZag

The support level is drawn through the Low of the white candle, which is:

  1. Low of the candle is lower than any Open of this group of white candles,
  2. Low of the candle is higher than any Low of this group of candles,
  3. Low of the white candle must be lower than any Close from the preceding group of black candles.
  4. If the rule №3 is not met, there is no Low on the white candles that is higher than any Close from the preceding group of black candles, then use the highest Low from this group of white candles in the ZigZag
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Excessive Momentum Indicator MT5
Young Ho Seo
Introduction Excessive Momentum Indicator is the first indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and bre
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Fast Polynom moving average and channel
Nikolai Semko
The use of a polynomial expansion of data opens up new possibilities for analysis and decision making. But the problem of all existing algorithms is a very slow computation. The main feature of this indicator is its fast algorithm. The speed of calculation of the polynomial algorithm and its standard deviation values ​​is several thousand times faster than conventional algorithms. So this is a convenient algorithm for use without the need to apply supercomputers. Beginning with the version 1.4,
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PZ Day Trading MT5
Arturo Lopez Perez
Este indicador detecta reversões de preços em zigue-zague, usando apenas análise de ação de preços e um canal donchiano. Ele foi projetado especificamente para negociações de curto prazo, sem repintar ou retroceder. É uma ferramenta fantástica para traders astutos, com o objetivo de aumentar o tempo de suas operações. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Surpreendentemente fácil de negociar Fornece valor em cada período de tempo Imple
299 USD
ABC Trend Detector Pro MT5
Oleksandr Novosiadlyi
Description ABC Trend Detector Pro  is an indicator that identifies impulses and trends in the market and displays their presence on the price chart. Found patterns are drawn as colored connecting lines between their highs and lows. Above / below each extreme, the value of the range (the number of pips) of the trend is displayed. Recommendations You can use this indicator to determine the trend and, accordingly, to determine the direction of opening a position or closing an opposite posit
200 USD
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