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PZ Multidiagonals MT5

This indicator connects past price points drawing diagonals and trend lines, which converge in the future creating hidden reversal points.

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

  • Find hidden reversal points
  • Spot convergence zones easily
  • Dense criss-cross zones are reversal points
  • Configurable amount of lines and price points
  • Configurable colors


How to use the indicator

The indicator draws several lines on the chart, and where many of these lines converge and criss-cross each other in the future, a potential reversal zone exists. It also draws trend-lines and channels as a by-product of its drawing logic, as well as confluence lines, which are drawn from old past prices to the current price, projecting the foreseeable short-term future price range.

  • The price range projected by the confluence lines (blue lines) is the foreseeable short-term future price range.
  • The diagonals drawn in the chart mean nothing, but when several lines are found together or crossing each other, there is a hidden reversal zone.


Inputs

  • Period - minimum size in bars between alternative prices points iterated by the indicator. A higher period means price points will be more separated from each other.
  • Price Points - amount of price points to select from the price history, to later connect them using lines from past to present.
  • Ignored Points - it is possible to prevent the indicator from drawing diagonals using the latest price points to ascertain how accurate the indicator has been recently. By ignoring the last two price points, for example, you can see if the last two price reversals coincided with a past diagonal.
  • Display Diagonals - display diagonals on the chart. A diagonal is drawn by connecting a past price point with another past price point.
  • Depth to display - how many of the price points selected are connected to future price points. For example, if you choose to select 10 price points from the past and connect only 3 of them, the oldest 3 price points will be interconnected to the future, decreasing the line density.
  • Line Color - choose the line color of the diagonal lines.
  • Line Width - choose the line size of the diagonal lines.
  • Display Confluences - display confluence lines on the chart. A confluence line is drawn by connecting an old price point with the current market price, and it is useful to guess the foreseeable short-term future price range.
  • Line Color - choose the line color of the confluence lines.
  • Line Width - choose the line size of the confluence lines.

Author

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

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This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears a
Easy Buy Sell Signal Alert
Franck Martin
4.33 (6)
Indicators
Easy By Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. My othe
Auto Orderblock with Break of Structure MT5
Barend Paul Stander
4.64 (14)
Indicators
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High
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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find early reversals Confirm short-term trades Detect indecision on the market Take contrarian trades near support and resistance levels Trade inside bars confirmed by overall direction of the market T
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PZ TRADING SLU
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This indicator calculates how much has an instrument won or lost in percentage terms on each bar displayed in the chart. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Identify market patterns Find decisive price movements Be suspicious about overbought/oversold situations It is an extremely easy to use indicator... The blue histogram represents winning bars The red histogram represents losing bars The gray line represents the average win/loss per bar Labels are
PZ ABCD Retracement
PZ TRADING SLU
4 (5)
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Identify precise entry and exit points with AB=CD patterns This indicator finds AB=CD retracement patterns. The AB=CD Retracement pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable AC and BD ratios Customizabl
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PZ TRADING SLU
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Stay ahead of the market: predict buying and selling pressure with ease This indicator analyzes past price action to anticipate buying and selling pressure in the market: it does so by looking back into the past and analyzing price peaks and valleys around the current price. It is a state-of-the-art confirmation indicator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Predict buying and selling pressure in the market Avoid getting caught in buying selling frenzies
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PZ TRADING SLU
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In the world of finance, correlation is a statistical measure of how two securities move in relation to each other. Correlations are used in advanced portfolio management. This indicator measures how different securities move in relation to a reference one, thus making portfolio management easier.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Avoid concurrent trades in highly correlated instruments Find trading opportunities among highly correlated instruments Cor
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Rafal Krzysztof Manuszewski
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Rafal Krzysztof Manuszewski 2024.09.10 12:08 
 

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investigador
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investigador 2023.11.12 16:36 
 

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RKE
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RKE 2022.11.10 08:54 
 

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Version 2.4 2022.01.31
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Version 2.2 2021.06.23
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