The PZ Day Trading indicator has been especially designed for scalping intraday charts and detects reversals in a Zig-Zag fashion, without repainting or backpainting at all.
◦Amazingly easy to trade
◦Optional continuation patterns can be displayed
◦Chart statistics will help you to optimize your trading
◦It works on every single timeframe without fine tuning
◦The indicator is non-repainting
◦The potential profit of past signals is displayed
◦The indicator analyzes its own quality and performance
◦Losing signals are not hidden, but highlighted and accounted
◦It implements email/sound/visual alerts

Enhance your trading activity with the easiest and most effective indicator available, just like our customers have already done.


Who is this tool for?

The PZ Day Trading indicator is oriented towards traders who are looking for an efficient and simple entry strategy. Novice traders should not trade below H4 charts with it
◦A blue arrow is a bullish formation and you should buy
◦A red arrow is a bearish formation and you should sell

Sometimes you will bump into losing trades, which are almost always caused by sudden spike bars with long wicks against the trade direction. Because volatility decreases as you go up in timeframes, trading H1 and H4 charts will yield the best results.
How to interpret the stats
The indicator studies the quality of its own signals and plots the relative information on the chart. Every trade is analyzed and the overall historic results displayed at the top-left corner of the chart.
Maximum Favorable Excursion (MFE)The MFE is the best possible outcome for any given trade.
The average MFE is displayed at the top-left corner of the https://www.tradebit.comimum Adverse Excursion (MAE)The MAE is the worst possible outcome for any given trade.
The average MAE is displayed at the top-left corner of the https://www.tradebit.comrage Absolute Expectancy (AAE)The AAE is the absolute excursion you can expect for any given trade, obtained by substracting the MAE from the MFE, which reflects the true quality of the entry strategy. In other words, the entry strategy is measured by the relationship between the average best possible outcome and the average worst possible outcome.
The indicator displays the best possible outcome and the worst possible outcome for every trade using two dotted lines and two price labels, and account every single one of them into the statistics you can find at the top-left corner of the chart. You can use those statistics to optimize the indicator parameters by yourself, for any given instrument and timeframe.



WHAT YOU WILL RECEIVE
1-pZ DAY TRADING INDICATOR
2-PDF manual