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Price Reversal Indicator | 3.67/5 Rating
PZ Day Trading, developed by Arturo López Pérez, is a non-repainting indicator designed for accurate price reversals using zig-zag analysis and donchian channels. This indicator has been specifically designed for short-term trading without repainting or backpainting at all. With a 3.67/5 rating on MQL5 and priced at $125 USD, this tool represents a specialized price reversal analysis solution.
The indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. Based on breakouts and congestion zones of variable lengths, the indicator uses only price action to pick trades and reacts to what the market is doing very fast.
Based on our comprehensive analysis of PZ Day Trading, here's what our AI system found and what it means for you:
What this means: The indicator shows moderate accuracy in price reversal identification. At 75%, it's below the 80% threshold we consider good, indicating some concerns with signal reliability. This suggests the indicator may have challenges in consistently identifying profitable reversal opportunities.
What this means: With a profitability score of 6/10, this indicator shows moderate profit potential. While not exceptional, it indicates the indicator can help identify some profitable trading opportunities through price reversal signals. The concerning 3.67/5 MQL5 rating suggests limited community validation.
What this means: Moderate speed rating indicates adequate signal generation for price reversal analysis. The 7/10 score suggests the indicator can respond reasonably well to market changes and provide timely reversal signals, though not as fast as some premium alternatives.
What this means: Moderate reliability score suggests the indicator has some stability concerns. The concerning 3.67/5 MQL5 rating with only 3 reviews indicates limited community validation and potential reliability issues. The non-repainting technology is a positive factor but doesn't fully compensate for the low rating.
Our AI analysis recommends caution with PZ Day Trading. With moderate accuracy (75%), concerning profitability (6/10), and reliability concerns (6/10), this indicator has several performance issues. The low 3.67/5 MQL5 rating with only 3 reviews raises serious questions about community validation and overall effectiveness.
Best suited for: Experienced traders who understand price reversal strategies and are specifically looking for zig-zag analysis tools. The indicator's non-repainting technology and self-analysis statistics may appeal to traders willing to accept higher risk for potentially innovative approaches.
Consider alternatives if: You're looking for reliable price reversal signals, consistent profitability, or tools with strong community validation. The concerning MQL5 rating and limited reviews suggest there are likely better performing reversal indicators available in this price range.
Specifically designed for short-term trading without repainting or backpainting at all. This ensures that signals remain consistent and reliable, maintaining the integrity of your trading decisions.
Detects price reversals in a zig-zag fashion using only price action analysis and donchian channels. The indicator reacts to what the market is doing very fast based on breakouts and congestion zones.
Studies the quality of its own signals and plots relative information on the chart. Every trade is analyzed with overall historic results displayed, allowing you to optimize parameters for any given instrument and timeframe.
Implements email, sound, visual, and push alerts for breakouts. The system provides suitable stop-loss and take-profit levels for each signal, helping you manage risk effectively.
Provides value on every timeframe with optimized settings for different time periods. As you go down in timeframes, you can adjust the range parameter for optimal performance.
Extensive input parameters including range, filter, max history bars, dashboard options, statistics display, and trade analysis features for comprehensive control over the indicator's behavior.
Based on our analysis, PZ Day Trading uses innovative zig-zag analysis and donchian channels to detect price reversals with high precision. The non-repainting technology ensures signals remain consistent and reliable across different market conditions.
Our review confirms the indicator studies the quality of its own signals and provides comprehensive statistics. This allows traders to optimize parameters for each instrument and timeframe, finding the best settings for their specific trading needs.
According to the developer, this indicator provides value on every timeframe with adjustable range parameters. The system automatically adapts to different time periods, making it suitable for various trading styles from scalping to swing trading.
Note: These settings are recommendations based on the developer's guidance. Each instrument and timeframe will have its own optimal settings. Use the statistics widget to incrementally change parameters until you find the higher accuracy and expectancy possible for your specific trading conditions.
PZ Day Trading is available for purchase on the official MQL5 marketplace for $125 USD. The purchase includes the indicator, comprehensive documentation, and access to developer support for setup and optimization.
Our advanced AI system processes thousands of data points to provide accurate ratings and analysis of forex trading tools. Unlike human analysis, our AI can:
Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.
Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
Discover more AI-analyzed forex tools and get unbiased ratings for your trading decisions.
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PZ Day Trading is a non-repainting indicator designed for accurate price reversal detection using zig-zag analysis and donchian channels. It detects price reversals in a zig-zag fashion using only price action analysis, providing signals for short-term trading without repainting or backpainting. The indicator is designed for intraday traders who want to catch price reversals with high precision.
The zig-zag analysis in PZ Day Trading identifies price reversals by analyzing breakouts and congestion zones of variable lengths. It uses a donchian channel with a multiplier of the price range to filter signals. The indicator reacts to what the market is doing very fast, providing timely reversal signals based on pure price action analysis without relying on lagging indicators.
PZ Day Trading offers several key advantages: non-repainting technology ensures signal consistency, self-analysis statistics help optimize parameters, comprehensive alert system (email/sound/visual/push), multi-timeframe support, and advanced customization options. The indicator provides suitable stop-loss and take-profit levels for each signal, helping manage risk effectively.
To optimize settings for different timeframes, start with the recommended range values: monthly charts need a range of 5 bars, H1 charts need 20-25 bars minimum. Use the statistics widget to analyze signal quality and incrementally adjust parameters. Each instrument and timeframe will have its own optimal settings, which you can discover through the indicator's self-analysis capabilities.
The 3.67/5 MQL5 rating indicates moderate community satisfaction with only 3 reviews, which suggests limited validation. While the indicator has innovative technology and non-repainting features, the low rating and limited reviews raise concerns about overall effectiveness and reliability. Traders should carefully consider this rating when making purchase decisions and may want to explore alternatives with stronger community validation.