PZ Day Trading Indicator
PZ Day Trading Indicator uses only price action to identify trade opportunities in a Zig-Zag fashion, without repainting or backpainting, and reacts to the market extremely fast. Its alleged winning ratio is approximately 90%.
The indicator relies on variable length breakouts and congestion zones on donchian peaks or bottoms.
How to trade with PZ Day Trading Indicator
This indicator can be used on any currency pairs and on any time frame, but preferable on H1 and lower.
It’s relatively easy to trade with PZ Day 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.
Download PZ Day Trading Indicator
You can download PZ Day 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 PZ Day Trading Indicator;
2. Save the 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 Day Trading;
8. Adjust settings or press OK to add the indicator to your selected chart;
How to allow .DLL imports on MT4?
You might be asked to allow to import .DLL files to your MetaTrader 4. To do so, go to Tools>>Options>> Expert Advisors tab on the platform menu and tick the “Allow DLL imports” field.
Also, check allow DLL imports on the indicator’s settings window.
Note: PZ Day Trading Indicator was developed by Pointzero Trading and was sent by an AtoZForex follower from the United Kingdom Mark. AtoZForex does not carry any copyrights over this trading tool.
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