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Metatrader 4 Indicator
http://www.pointzero-indicator.com
Point Zero is the Swiss razor of the markets. It is a powerful and complete indicator that
visually offers plenty of information that is difficult to furnish and construe at first sight in a
short period of time.
Point Zero works very well in all financial markets with enough liquidity:
• Indexes
• Forex
• Commodities
• Stocks
Hope this is useful for you. And we really value your confidence.
Point Zero will be useful, regardless of the nature of your relationship with the market.
• If you are a trader, you will be able to recognize at first sight the direction of the
trend and the ideal point to trade, even if you are operating intraday.
• If you are a speculator, you can use weekly or monthly candles to search for the
best moment to perform operations that you have in mind, and thus fully benefit
from the distortions caused by the Government interventions in the economy.
• If you are an investor, Point Zero will help you buy low and sell high.
You will observe that by doing this, both indicators show you a series of parameters that
can be adjusted.
The default parameters are ideal for general use of the indicator -daily and weekly charts-.
However, if you wish, you can modify these to adapt to your trading strategy. Now, let’s see
what each parameter means.
• CalculateOnBarClose
This parameter decides if the current bar is evaluated before it closes. When true,
all false signals resulting of evaluating unclosed bars are eliminated.
• Signals
This parameter decides if colored arrows are displayed on trend changes.
• ChannelPeriod
This is the most important parameter of the indicator and decides the amplitude for
the trend calculation. Default value is great for daily and weekly charts, but you
should increase it to trade smaller timeframes or very volatile instruments.
• ChannelSize
This parameter only decides the size of the colored channel. If it is big enough, the
channel size will reflect the average true range of price action.
• Sensitivity
This parameter decides the sensitivity of the buy and sell zones. Possible values
range from 1 to 5, and you should decrease it to trade smaller timeframes. Default value is
great for daily and weekly charts.
• OsPeriod
This parameter must be higher than the ChannelPeriod parameter.
Recommended relationship is 1:4. (Example: 5, 20)
When you are making progress in the use of the indicator, it is suggested that you
try the different parameters and find the most effective way of operating for you.
4. How to operate with Point Zero
Since there are dozens of different possible trading strategies with this indicator, we
have made a Trading Strategies document that is available in our website and in your
private download page.