Forex retracement indicator

The ABCD Retracement is a 4-point forex retracement indicator structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback. It is the basic foundation for all harmonic patterns.

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. Yes, the D point has to repaint as the pattern expands. Avoid spam, offensive remarks, self-promotion and posting personal or payment information.

The comment section is for discussion and questions only. Please note that we’ll never solicit payments in the comments section. Please enable javascript to view comments. Harmonacci Patterns This indicator detects fibonacci price patterns and offers a multi-symbol and multi-timeframe scanner. Penta-O A 6-point harmonacci retracement pattern which precedes big market movements. Three Drives The three drives pattern signals that the market is exhausted and a reversal is likely to take place. Protection: All original content on Pointzero-trading.

Reproduction or re-publication of this content is prohibited without permission. The Forex retracement indicator Retracement is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback. It is the basic foundation for all harmonic patterns. 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. Yes, the D point has to repaint as the pattern expands.

Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we’ll never solicit payments in the comments section. Please enable javascript to view comments. Harmonacci Patterns This indicator detects fibonacci price patterns and offers a multi-symbol and multi-timeframe scanner. Penta-O A 6-point harmonacci retracement pattern which precedes big market movements. Three Drives The three drives pattern signals that the market is exhausted and a reversal is likely to take place.