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PZ Triple Top Bottom MT5

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A triple top and bottom pattern is a type of graphical pattern used to predict a trend reversal. Pattern
occurs when the price creates three peaks at almost the same level. Rebound from resistance near the third peak
is a clear sign that buying interest is wearing thin, indicating that a reversal is about to happen. [

The manual
Installation Instructions | Manual
Update Instructions / Troubleshooting
Troubleshooting | FAQ
| All
products ]

  • Clear trading signals
  • Customizable colors and sizes
  • Implements performance statistics
  • Customizable Fibonacci Retracement Levels
  • Displays the appropriate stop loss and take profit levels
  • The indicator can be used to search for continuation or reversal patterns.
  • It implements email / audio / visual alerts

These patterns can expand, and the indicator follows the pattern by repainting. However, the indicator implements a rotation to
simplify trading: it waits for a Donchian breakout in the right direction before signaling a trade by making its signals
very reliable and mostly non-redrawable.

Input parameters

When loading the indicator on any chart, you will be presented with a set of options as input parameters. Don’t despair if you
you think that there are too many of them, because the parameters are grouped into obvious blocks. This is what each parameter block does.

  • Amplitude-The amplitude represents the minimum number of bars between alternative price points. To find the big ones
    samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. You can upload
    The indicator is displayed many times on the chart with different amplitudes.

  • Minimum Retracement – the minimum Fibonacci retracement required for the pattern.
  • Maximum. Retracement – the maximum possible Fibonacci retracement in the pattern.
  • Retracement Top / Bottom-This parameter describes how “flat” the top or bottom should be.
  • Max History Bars – the number of past bars to evaluate when the indicator is loaded on the chart.
  • Show Statistics – Show or hide the statistics panel and performance data.
  • Show SL / TP Levels-Show or hide the appropriate SL and TP 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 of the breakout arrows.
  • Alerts – Enable or disable alerts as desired.

author

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

[spoiler title=”Read More…”]

A triple top and bottom pattern is a type of graphical pattern used to predict a trend reversal. Pattern
occurs when the price creates three peaks at almost the same level. Rebound from resistance near the third peak
is a clear sign that buying interest is wearing thin, indicating that a reversal is about to happen. [

The manual
Installation Instructions | Manual
Update Instructions / Troubleshooting
Troubleshooting | FAQ
| All
products ]

  • Clear trading signals
  • Customizable colors and sizes
  • Implements performance statistics
  • Customizable Fibonacci Retracement Levels
  • Displays the appropriate stop loss and take profit levels
  • The indicator can be used to search for continuation or reversal patterns.
  • It implements email / audio / visual alerts

These patterns can expand, and the indicator follows the pattern by repainting. However, the indicator implements a rotation to
simplify trading: it waits for a Donchian breakout in the right direction before signaling a trade by making its signals
very reliable and mostly non-redrawable.

Input parameters

When loading the indicator on any chart, you will be presented with a set of options as input parameters. Don’t despair if you
you think that there are too many of them, because the parameters are grouped into obvious blocks. This is what each parameter block does.

  • Amplitude-The amplitude represents the minimum number of bars between alternative price points. To find the big ones
    samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. You can upload
    The indicator is displayed many times on the chart with different amplitudes.

  • Minimum Retracement – the minimum Fibonacci retracement required for the pattern.
  • Maximum. Retracement – the maximum possible Fibonacci retracement in the pattern.
  • Retracement Top / Bottom-This parameter describes how “flat” the top or bottom should be.
  • Max History Bars – the number of past bars to evaluate when the indicator is loaded on the chart.
  • Show Statistics – Show or hide the statistics panel and performance data.
  • Show SL / TP Levels-Show or hide the appropriate SL and TP 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 of the breakout arrows.
  • Alerts – Enable or disable alerts as desired.

author

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

A triple top and bottom pattern is a type of graphical pattern used to predict a trend reversal. Pattern
occurs when the price creates three peaks at almost the same level. Rebound from resistance near the third peak
is a clear sign that buying interest is wearing thin, indicating that a reversal is about to happen. [

The manual
Installation Instructions | Manual
Update Instructions / Troubleshooting
Troubleshooting | FAQ
| All
products ]

  • Clear trading signals
  • Customizable colors and sizes
  • Implements performance statistics
  • Customizable Fibonacci Retracement Levels
  • Displays the appropriate stop loss and take profit levels
  • The indicator can be used to search for continuation or reversal patterns.
  • It implements email / audio / visual alerts

These patterns can expand, and the indicator follows the pattern by repainting. However, the indicator implements a rotation to
simplify trading: it waits for a Donchian breakout in the right direction before signaling a trade by making its signals
very reliable and mostly non-redrawable.

When loading the indicator on any chart, you will be presented with a set of options as input parameters. Don’t despair if you
you think that there are too many of them, because the parameters are grouped into obvious blocks. This is what each parameter block does.

  • Amplitude-The amplitude represents the minimum number of bars between alternative price points. To find the big ones
    samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. You can upload
    The indicator is displayed many times on the chart with different amplitudes.

  • Minimum Retracement – the minimum Fibonacci retracement required for the pattern.
  • Maximum. Retracement – the maximum possible Fibonacci retracement in the pattern.
  • Retracement Top / Bottom-This parameter describes how “flat” the top or bottom should be.
  • Max History Bars – the number of past bars to evaluate when the indicator is loaded on the chart.
  • Show Statistics – Show or hide the statistics panel and performance data.
  • Show SL / TP Levels-Show or hide the appropriate SL and TP 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 of the breakout arrows.
  • Alerts – Enable or disable alerts as desired.

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

[/spoiler]

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