• 概述
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PZ Bands MT5

PZ Bands is a multi-timeframe indicator designed to find overbought and oversold price areas, using a linear weighted moving average and ATR.

  • Find overbought and oversold situations
  • Read data from higher timeframes easily
  • The indicator displays data at bar opening
  • The indicator is non-repainting

Trading implications are simple.

  • Look for shorts when the price exceeds the upper bands.
  • Look for longs when the price falls below the lower bands
  • Dive into lower timeframes without losing values!


Parameters

The only functional parameters of the indicator are the following.

  • Timeframe of the Bands: The timeframe from which to calculate the bands
  • Band Period: The central linear weighted moving average period
  • Small Channel Size: Volatility multiplier for the small band channel
  • Medium Channel Size: Volatility multiplier for the medium band channel
  • Big Channel Size: Volatility multiplier for the big band channel
  • ATR Period: ATR Period to calculate the bands


Author

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

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