Penta-O 7.0

Metatrader Indicator (MT4/MT5)

  • Overview

    The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements.

    • Find Penta-O retracements easily
    • Useful to find cheap and expensive zones
    • Customizable XB, AC and BD ratios (for purists)
    • It implements visual/sound/push/mail alerts

    Penta-O patterns can expand/repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal.

    • Bullish retracements are blue
    • Bearish retracements are red
    • The breakout period for the trade is customizable
  • ? FAQ
    Does the indicator repaint?
    Yes, the D point has to repaint as the pattern expands.
    Does the indicator implement alerts?
    Yes, it does.
  • Comments

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Screenshots

Penta-O Indicator for Metatrader
Penta-O Indicator for Metatrader
Penta-O Indicator for Metatrader
Penta-O Indicator for Metatrader
Penta-O Indicator for Metatrader