This indicator detects the price reversal in a zigzag pattern using only the price action analysis and the Donchian channel. He was
specially designed for short-term trading, with no repainting or repainting at all. This is a fantastic tool for
astute traders who seek to increase the timing of their operations.

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• Surprisingly easy to trade
• This provides value on every timeframe
• Implements introspection statistics
• It implements email / audio / visual alerts

Based on the breakout and traffic jam zones of variable length, the indicator uses only the price action to select trades and reacts to the fact that
the market is doing very fast.

• The potential profit of past signals is displayed
• The indicator analyzes its own quality and performance
• Losing breakouts are highlighted and accounted for
• The indicator does not redraw or redraw

This indicator will help intraday traders not to miss a single price reversal. However, not all price changes are created equal and
they do not have the same quality. The decision on which breakouts to trade and which to ignore depends on the common sense of the trader.

Support and questions

Use the help desk for questions or timely support. Write an email to: [email protected]

author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Input parameters

• Range: The range is the minimum number of broken bars to recognize the breakout as valid and give a signal. By
  when switching to timeframes, you need to increase this parameter. For example, for trading on monthly charts, it is good
  use a range of five, but to trade on H1 charts, you will need a range of at least 20-25 bars.
• Filter: The function of the filter is to separate alternative signals from each other using the Donchian channel and
  the multiplier of the price range it creates. A higher filter will reduce the number of signals on the chart, but, in
  on average, it will increase the maximum favorable excursion.
• Max History Bars: the number of past bars to evaluate when loading the indicator. Reduce this value to
  speed up the loading of the indicator.
• Dashboard: Enable or disable the dashboard widget with multiple timeframes.
• Statistics: Enable or disable the statistics widget. Use statistics to find the best parameters for each one
  symbol and timeframe. Gradually change the input parameters of the indicator until you find a higher accuracy and
  expected duration.
• Display Blocks: Display or hide colored frames around the breakout price range.
• Fill in the fields: select whether the color inside the dividing frame will be filled in with a color.
• Trade Analysis: Enables or disables individual trade analysis on the chart.
• Alerts: Enable display / email / push / sound alerts for breakouts.