Automatic Head and Shoulders finder
Automatic Head and Shoulders finder Trading Indicator uses only price action to identify trade opportunities in a Zig-Zag fashion, without repainting or back painting, and reacts to the market extremely fast. It implements alerts of all inds. Also, it’s alleged winning ratio is approximately 90%.
How to trade with PZ Day Trading Indicator
This indicator can be used in any currency pairs and on any time frame, but preferably on H1 and lower. Moreover, it’s relatively easy to trade with Automatic Head and Shoulders finder Trading Indicator. After finding a possible entry point, the indicator displays either a blue arrow which is a bullish signal to buy, or a red arrow which is a bearish signal to sell.
In addition, you can see statistics of winning and losing trades, average signal profitability, and spread on the top left corner of your chart.
Settings and Input Parameters
When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many because parameters are grouped into self-explanatory blocks.
Download Automatic Head and Shoulders finder Indicator
You can download Automatic Head and Shoulders finder Trading Indicator for free by clicking the “Download” button located at the top right corner.
Create your custom indicator
If you would like to create your own custom indicator, please contact AtoZ team. Also, don’t miss out on various other indicators you can find here.
How do you install an indicator on MT4?
In order to install this indicator on your MT4, you need to:
1. Click on “Download” button above to download Automatic Head and Shoulders finder Trading Indicator;
2. Save the file to your computer;
3. Extract and move the .ex4 file into: [terminal]\MQL4\Indicators;
4. Restart your Metatrader platform;
5. Click “Indicators” button in Metatrader toolbar;
6. Select “Custom”;
7. Search and select “PZ_SHSPattern;
8. Adjust settings or press OK to add the indicator to your selected chart;
Note: Automatic Head and Shoulders finder Trading Indicator, developed by Pointzero Trading and sent by an AtoZForex follower from Munich, Alfred. AtoZForex does not carry any copyrights over this trading tool.