The indicator shows the strong areas of support and resistance around
levels of a particular type, calculated on the basis of the indicator ZigZag vertices
larger amplitude (Max Amplitude Swing). The strength is determined by the accumulation levels of Fibonacci levels, calculated on
ZigZag indicator based vertices with smaller amplitude.
These regions may be regarded as potentially reversal zone and,
respectively, to use them for transactions and profit.
Potentially reversal zone rather effectively filtered signals,
derived from the oscillators.
in the indicator added functionality for recognizing and building
5-harmonic dot patterns based ZigZag indicator vertices
larger amplitude. And search
is not only well-known patterns such as Gartley, Bat,
Butterfly, Crab and so on, and on all 5-point pattern peaks
which correspond to lines (retrace) Fibonacci (Fibonacci Retracements), introduced in the settings
Description of input
- Max Amplitude of Swing – the amplitude of the swing big
- Min Amplitude of Swing – the amplitude of the swing low
The amplitude of the swing states
Percentage: 1% on EURUSD – about 130 classical points.
- Type of Calculation – type of calculation of the potential reversal zones:
- Levels of greater amplitude – in the area based on the potential reversal levels are
Fibonacci calculated with respect to the vertex of the last beam of a zigzag.
- Density around the Harmonic Levels – at the heart of a potentially
reversal zones lie close to each other Fibonacci levels,
calculated with respect to the last two peaks (ABCD).
- Density around the Levels of Crossing Pitchforks – the basis for the reversal potential
zones lie fork intersection levels Andrews, built on top of 5 swings
Zigzag (XAB and BCD).
- Use the Level of Crossing Pitchforks Filter – filter, taking into account the presence of the forks level crossing in Andrews
potential reversal zone:
- Do not use filter – do not use a filter.
- Levels of Crossing in Area – levels must be within the area.
- Use Harmonic Filter – all the constructions of the indicator occurs only when
if XB retracements segments, AC, BD, XD matching the Fibonacci levels.
- fibo Series – Fibonacci levels, which are used in
calculation of areas. Default:
The series is filled without
spaces, separated by commas.
- Use Fibo Extensions – in calculating the force area are taken into account
Small zigzag swings over time. In fact, the force previously
calculated fields change with the passage of time and the emergence of new
tops of small zigzag.
from Areas – deviation of error
the calculated level (in percentages). This parameter is used
when searching for the harmonic pattern.
- Amount of strong Areas – the number of the strongest areas of all
calculated. The strength of the field is determined by the number of levels belonging to a
- Use Max Time – remove areas with no waste
the passage of time.
- Swing on History – the number of swings with zigzag
large amplitude for the construction of fields and levels on the story.
- Create Areas – building potential reversal zone.
- Create Levels – building potential reversal levels.
Levels of Crossing Pitchforks – construction of forks level crossing Andrews
- Do not create Levels – the levels are not built
- Create all Levels – Build all levels
- Create only Levels in Area – built only falling levels
potentially reversal zone
- Create Price Labels – construction price tag.
- Create Extensions Harmonic
Butterflies – building
Development harmonic pattern.
- Create Actual Harmonic
Butterfly – building
formed the harmonic pattern.
- Create Sperandeo Trend – the construction of trend lines
Recommendations for display settings
Options Min Amplitude of Swing, Max Amplitude of Swing,
Amount of Areas, Deviation from Areas logically closely linked. Therefore, a change in one of them can significantly
change the image information displayed on the chart:
- If we
decrease Min Amplitude of Swing, it actually increases
ZigZag’a smaller number of nodes and, as a consequence, increase overall
the number of levels that can get in the computational domain and to increase
- If we
increase Deviation from Areas, it actually increases the size
calculation area, and as a consequence, increase the total number of levels,
that can get into the computational domain and increase its strength.
Parameter Deviation from Areas It has
direct relation to the definition of
Harmonic patterns, as is an error of compliance
retracements XB, AC, BD, XD Fibonacci levels. Not recommended
set this parameter is greater than
And setting Use Fibo Extensions to increase the likelihood that any area of the passage of time
will be stronger, because there are new peaks of small zigzag. It is therefore not
It recommended when the parameters are set as a value Amount of strong Areas more than two.
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