The Zone
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FREE THE ZONE INDICATOR FOR METATRADER

Accurate signals based on the famous trading in the zone methodology

Spot high-probability trading opportunities during strong market momentum using a rule-based system inspired by the methodology of legendary trader Bill Williams. With clear, non-repainting buy and sell signals driven by price, trend, and acceleration alignment, you can enter or add to trades confidently when the market confirms direction.

  • Generates buy and sell signals based on Bill Williams’ Trading Zone
  • Designed to avoid flat or exhausted market conditions
  • Uses Alligator to detect strong trends
  • Uses AC and AO to identify trading momentum
  • Uses MACD to filter out weak or ending trends
  • Deterministic and rule-based
  • Non-repainting signals
  • Supports alerts (visual, sound, push, email)
  • Simple visual display for fast interpretation
  FAQ

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Description

PZ The Zone is a technical indicator that implements the concept of the Trading Zone as taught by Bill Williams. It aims to identify optimal conditions for entering or adding to positions during strong trending phases. The indicator does this by evaluating three market components: momentum, acceleration, and price alignment.

Signals are displayed in a straightforward visual format:

  • A blue arrow indicates a buy signal.
  • A red arrow indicates a sell signal.

These signals occur only when all conditions for a "trading zone" are met, ensuring traders are entering during periods of confirmed directional movement. The indicator is reactive, meaning it waits for price confirmation before triggering signals. This makes it ideal for traders looking to join trends safely or scale into winning positions.

Internally, the indicator uses several components from the Bill Williams trading system:

  • Alligator indicator is used to detect the presence of a strong trend.
  • Accelerator Oscillator (AC) and Awesome Oscillator (AO) are used to confirm the presence of trading zones.
  • MACD is applied as a filter to avoid signals during exhausted or low-quality trends.

The indicator is deterministic and does not repaint. Once a signal is printed, it stays on the chart. It also includes a complete alert system with support for on-screen alerts, sounds, email notifications, and push alerts.

Input Parameters

  • MACD Fast – Parameter for the Alligator Indicator
  • MACD Slow – Parameter for the Alligator Indicator
  • MACD Signal – Parameter for the Alligator Indicator
  • Jaws Period – Parameter for the Alligator Indicator
  • Jaws Shift – Parameter for the Alligator Indicator
  • Teeth Period – Parameter for the Alligator Indicator
  • Teeth Shift – Parameter for the Alligator Indicator
  • Lips Period – Parameter for the Alligator Indicator
  • Lips Shift – Parameter for the Alligator Indicator
  • Alerts – Enable or disable visual, mail, push, or sound alerts

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Frequently Asked Questions

It displays buy or sell arrows based on whether the current market meets the criteria of a Bill Williams Trading Zone.

A blue arrow is a buy signal. A red arrow is a sell signal. These indicate confirmed trading zones where price, momentum, and acceleration align.

No, the indicator is non-repainting. Signals are final once printed.

It uses the Alligator to detect trends, AC and AO to confirm acceleration, and MACD to filter out trades in exhausted trends.

No, the indicator is designed specifically to avoid flat market conditions. It only signals during periods of confirmed momentum.

Yes, signals are generated in real time after price action confirms the trading zone.

Yes, you can enable or disable visual, sound, email, and push alerts using the Alerts input.

Yes, one of its primary purposes is to allow aggressive scaling into trending positions once the zone is confirmed.