Introducing the PZ ABCD Retracement Indicator for MT4 – a powerful tool that automatically identifies ABCD chart patterns and offers trading signals as arrows. This indicator is highly flexible, allowing customizable wave ratios to suit your trading preferences.
Designed for both beginners and pros, the indicator is user-friendly. New traders can spot patterns easily, while experienced ones can create advanced strategies and even use auto trading. Plus, it’s free to download.
The PZ ABCD Retracement Indicator excels on various timeframes – intraday, daily, weekly, and monthly. Bullish signals are represented by a light blue color, while bearish ones are in a gentle salmon hue.
Personalize AB and CD wave ratios in settings to tailor your strategy. Blue up arrows indicate uptrends, prompting a BUY position with a stop loss below the previous swing low. Closing the trade at CD wave’s end often works, adjusting the take profit based on risk.
Salmon down arrows mark downtrends – consider a SELL trade with a stop loss above the previous swing high. Book profits as you reach the CD wave’s end.
Experience the PZ ABCD Retracement Indicator’s potential, enhancing your forex trading journey. Explore its features and let it enhance your trading while you navigate the forex market!
Here is the link where you can download your own copy of PZ ABCD Retracement Indicator:
(PDF Guide – Please read the trading rules before using the indicator!)
Please send your feedback to karl@karldittmann.com
I’ll be very happy to know what you think about it!
Happy trading! 📊💰