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PZ Double Top Bottom MT5

3

Trade double tops and bottoms effectively

The PZ Double Top/Bottom Indicator is a technical analysis tool that helps traders identify potential price reversal patterns in the market. These patterns, known as double tops and bottoms, are characterized by two consecutive peaks or valleys in the price of an asset. Double tops and bottoms are often seen as potential reversal patterns because they can signal a change in the direction of the current trend.

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

  • Clear trading signals
  • Customizable colors and sizes
  • Implements performance statistics
  • Customizable fibonacci retracement levels
  • It displays suitable stop-loss and take-profit levels
  • It implements email/sound/visual alerts
These patterns can expand, and the indicator follows the pattern by repainting. However, the indicator implements a twist to make it easier to trade: it waits for a Donchian breakout in the right direction before signaling the trade, making its signals very reliable and mostly non repainting.

Input Parameters

  • Amplitude: The amplitude represents the minimum amount of bars between alternative price points. To find big patterns, increase the amplitude parameter. To find smaller patterns, decrease the amplitude parameter.
  • Min. Retracement: The minimum fibonacci retracement needed in a pattern.
  • Max. Retracement: The maximum fibonacci retracement possible in a pattern.
  • Max History Bars: Amount of past bars to evaluate when the indicator loads in the chart.
  • Display Stats: Show or hide the statistics dashboard and performance data.
  • Display SL/TP Levels: Show or hide the suitable stop-loss and take-profit levels for each signal.
  • Drawing Options: Colors and sizes for bullish or bearish lines and labels, as well as font sizes.
  • Breakouts: Colors and sizes for breakout arrows.
  • Alerts: Enable or disable alerts of all kinds.


Author

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


Avis 2
Olatunde Johnbosco Ojo
192
Olatunde Johnbosco Ojo 2018.10.17 21:31 
 

Great indicator

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La meilleure solution pour tout commerçant débutant ou expert ! Cet indicateur est un outil de trading unique, de haute qualité et abordable car nous avons intégré un certain nombre de fonctionnalités propriétaires et une nouvelle formule. Avec cette mise à jour, vous pourrez afficher des zones à double horaire. Vous pourrez non seulement afficher un TF plus élevé, mais afficher les deux, le graphique TF, PLUS le TF supérieur : AFFICHAGE DES ZONES NICHÉES. Tous les traders Supply Demand vont ado
Volume by Price MT5
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The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Session hours filtering and segment concatenation with Market Watch and custom user specifications. Graphical layering, positio
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Filtrer:
Andre Matthes
529
Andre Matthes 2021.02.25 15:09 
 

indicator seems to work, but sadly there is no support. i had some questions about the different results with the mt4 version..but no one ansered.

PZ TRADING SLU
797157
Réponse du développeur Arturo Lopez Perez 2021.07.07 17:29
If your questions were not answered yet, please drop me a support ticket at help@pointzero-trading.com. Thanks.
Olatunde Johnbosco Ojo
192
Olatunde Johnbosco Ojo 2018.10.17 21:31 
 

Great indicator

Répondre à l'avis
Version 6.1 2022.01.31
- Recompiled
Version 6.0 2021.03.09
- Added stats
Version 5.2 2019.04.19
- Small bug fix on alerts
Version 5.0 2019.04.16
- Drawing bug fix
Version 4.0 2019.04.16
- Added stats
- Added suitable SL and TP Levels