PZ Trend Trading Indicator (Winning ratio: 85%)
PZ Trend Trading is an indicator for the MetaTrader 4 trading platform, it was created to profit from trends taking place within the markets. It will time pullbacks and breakouts by analyzing what the price is doing during already established trends.
The main features of the indicator:
- Profit from established trends without getting whipsawed
- Recognize profitable pullbacks, breakouts and early reversals
- The indicator analyzes its own quality and performance
- It implements a multi-timeframe dashboard
- The indicator is non-repainting
- It implements email/sound/visual alerts
There are a number of parameters available these include things like the indicator period, to display the sub-trend, pullbacks, breakouts, corrections, the maximum number of bars to use, to display statistics, drawing settings, alerts, and more.
- Indicator Period: This parameter controls the sensitivity to trend changes. A big period will lead to longer trends being captured. A small period will lead to shorter trends being capture, but a faster recognition of trend changes.
- Display Sub-Trend: Enable this parameter to see the sub-trend reflected in the color of the price bars.
- Display Pullbacks: Enable this parameter to see pullbacks, displayed as (2) objects in the chart.
- Display Breakouts: Enable this parameter to see breakouts in the direction of the trend, displayed as (3) objects.
- Display Corrections: Enable this parameter to see trend corrections, displayed as colored dashes.
- Max. History Bars: This parameter controls how many past bars are examined upon loading of the indicator.
- Display the dashboard: Enable this parameter to see the multi-timeframe dashboard on the chart.
- Display statistics: Enable this parameter to display the stats dashboard on the chart.
- Drawing Settings: Choose the color and width of the correction lines displayed on the chart.
- Alerts: Enable display/email/push/sound alerts for all the trading setups enabled above.
NOW GIFT (PZ Trend Trading Scanner):
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