Wedges 4.0

Name: PZ Wedges Indicator for Metatrader (MT4/MT5)
Price: 75 USD
Author: Arturo Lopez Perez

メタトレーダー・インジケータ (MT4/MT5)

ℹ 概要

The PZ Wedges Indicator is a technical analysis tool that helps traders identify potential continuation patterns in the market. These patterns, known as wedges, are formed when the price of an asset consolidates within a narrowing range, bounded by upward or downward converging trendlines.

Wedges are considered to be continuation patterns because they often precede a breakout in the direction of the preceding trend. When a wedge pattern is identified, traders may look for a breakout in the direction of the trend to enter a trade.

The PZ Wedges Indicator makes it easy for traders to identify these patterns, as well as confirm actionable breakouts. In addition to identifying wedges, the indicator also provides alerts of all kinds to help traders stay informed about potential trade opportunities.

Some other features of the PZ Wedges Indicator include customizable pattern size, customizable colors and object sizes and clear breakouts. This indicator is easy to use and can be a valuable tool for traders looking to capitalize on potential continuation patterns in the market.
≡ 入力パラメータ

エキスパートを任意のチャートにロードすると、入力パラメータとして一連のオプションが表示されます。パラメータは分かりやすいブロックにまとめられているので、一見してパラメータの種類が多すぎると思っても絶望しないでください。

Indicator Settings

The amplitude reprents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back. Less bars to evaluate means the indicator will load faster.

Pattern Settings

Choose the colors of the patterns.

Breakouts

The indicator implements breakouts to make trading easier. You can choose the size and color of the arrows.

Alerts

Enable or disable alerts at will.
? FAQ

Does the indicator repaint?

The wedge will not repaint unless a new point arises and the slope of the triangle lines needs to be changed. Additionally, if a breakout happens and later the price retracts inside the triangle again, the arrow will repaint later when another breakout happens.

Some triangles seem to be missing from the chart

To find more wedges, load the indicator several times on the chart with different "Size" parameters: for example, load it four times with sizes 6, 12, 18 and 24. This will find wedges of different sizes simultaneously.

I am seeing a wedge and the indicator has not recognized it!

Kindly note that the indicator needs 5 price points to find a wedge. Maybe you are seeing a 4 price point pennant yet and projecting it in your mind, but 5 price points are needed to actually recognize one. Other issue can be the size of the wedge relative to the indicator size parameter: refer to the previous question for this issue.

Does the indicator implement alerts?

Yes, it does. It implements alerts of all inds.
</> 開発者
エキスパートアドバイザーを構築するために、以下に例示するように、iCustom()関数を使用してインジケータからデータを読み込むことができます。インジケーターには、売買シグナルを定数として保存するためだけの余分なバッファがあります。これが、あなたが読み取る必要のある唯一のバッファです。以下のコードをコピーしてあなたのEAに貼り付け、iCustom()コールのインジケータ名をあなたのものに置き換えてください。
```
//---- Read value from data buffer
int start()
{
// Read value from data buffer
double value  = iCustom(Symbol(), Period(), "PZ_Wedges_LICENSENUM", 0, 1);
// Do something
if(value == OP_BUY)      { /* Your code for bullish signal  */ }
if(value == OP_SELL)     { /* Your code for bearish signal */ }
if(value == EMPTY_VALUE) { /* Nothing to do */}
// Exit
return(0);
}
```