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FZR Fractal Zigzag Reversal

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.


--------------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 (when width=1)

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

  • Show trendline?                Yes or No to show the trend line
  •  Trendline color
  • Trendline width
  • Trendline style (when width=1)
Comentários 3
Jebs siptungkha
Jebs siptungkha 2020.03.09 14:57 

looks good

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*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
50 USD
PipFinite Reversal PRO
Karlo Wilson Vendiola
The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access ► www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
98 USD
ReitakFX Pattern Pro Indicator
Boris Sedlar
  Most accurate  Pattern indicator on this market. It search triangles, wedges, channels (next patterns and autoscanner in plan) Works on Forex, Commodities, Indicies, Stocks, Crypto, ... on all timeframes and on every brooker. For more info join to DISCORD  where you can get info how to set, how to trade with this indi VERSION 2 OUT !!! - template file for version 2  - check comment #7   how to update  Warning : Don't always open trade when you get alert on break. Before open trade pl
200 USD
gnanos123 2020.09.08 17:09 

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sunnychow 2020.03.16 20:01 

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Jebs siptungkha
Jebs siptungkha 2020.03.09 14:57 

looks good

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