GEN Zenith

INDICATOR: GEN Zenith

Developer: gedeegi

General Description

GEN Zenith is a technical indicator designed to automatically identify price reversal patterns (Zenith) based on pivot price detection and delta volume movement. This indicator looks for points where the price forms a swing high or swing low, then detects a breakout from that area to confirm a strong reversal signal.

This indicator is highly suitable for reversal and breakout strategies, or as a signal confirmation tool in your trading system. The visualization features for delta volume and Stop Loss (SL) and Take Profit (TP) areas make this indicator a complete tool for analysis and risk management.

Key Features

• Automatic detection of Zenith patterns (reversals) using swing highs and swing lows.
• Calculation and display of delta volume to measure the strength of buying/selling pressure within the pattern.
• Visualization of Zenith patterns as triangles and level lines on the chart.
• Calculation and visualization of SL and TP areas based on a customizable Risk-Reward (R:R) ratio.
• Real-time notification system when a signal is detected (Pop-up alert, Push, and Email).
• Automatic object management, displaying a limited number of patterns to keep the chart clean.
• Flexible display settings for colors and size.

Input Parameters

Zenith Settings

• Length: The number of bars to detect a swing high or swing low.
• Amount of Patterns: The maximum number of Zenith patterns to display on the chart.
• Show Delta Volume: Option to display the delta volume label on the pattern.
• Delta Volume Font Size: Font size for the delta volume label.
• Zenith Up Color: The color for bullish Zenith patterns.
• Zenith Dn Color: The color for bearish Zenith patterns.

SL/TP Box Settings

• Show SL & TP Boxes: Option to display the visual SL and TP boxes.
• Take Profit RR Ratio: The Risk-Reward (R:R) ratio for calculating the Take Profit level.
• SL Box Color: The color for the Stop Loss area.
• TP Box Color: The color for the Take Profit area.

Notification Settings

• Enable Pop-up Alert: Enable sound notifications when a signal appears.
• Enable Push Notification: Send push notifications to the MetaTrader app.
• Enable Email: Send signal notifications via email.

Signal Logic

1. The indicator detects pivot points for swing highs and swing lows.
2. A Bullish Zenith pattern is formed when the price breaks the previous pivot high, with the reversal level set at the lowest swing low within the pivot's range.
3. A Bearish Zenith pattern is formed when the price breaks the previous pivot low, with the reversal level set at the highest swing high within the pivot's range.
4. When a Zenith pattern is detected, the indicator calculates the delta volume and draws the visual pattern on the chart.
5. SL/TP boxes are drawn with the SL level at the reversal point and the TP level based on the specified R:R.
6. Signals are sent via notifications if enabled.

Usage

• Detecting potential trend reversals with price action and volume validation.
• Finding optimal entry points for reversal or breakout trading strategies.
• Visualizing risk management (SL/TP) directly on the chart before entering the market.