PZ Lopez Speed MT4 is a powerful oscillator that detects market acceleration by analyzing price/time vectors and plotting two moving averages. It helps traders identify trade opportunities with a unique speed detection algorithm, supporting alerts and acting as a filter for trend trades. It is non-repainting and user-friendly.
Advantages of PZ Lopez Speed MT4
The PZ Lopez Speed MT4 oscillator offers a range of benefits that make it a valuable tool for traders looking to enhance their trading strategies. Below are some of the key advantages:
- Easy to Use and Understand: The intuitive design of the PZ Lopez Speed ensures that both novice and experienced traders can quickly get the hang of it, making it accessible for everyone.
- High-Quality Filter for Trades: This oscillator acts as an excellent filter for trend trades, enabling traders to make more informed decisions based on the prevailing market conditions.
- Unique Speed Detection Algorithm: The proprietary algorithm utilized by PZ Lopez Speed effectively detects market acceleration and deceleration, allowing traders to pinpoint optimal entry and exit points.
- Non-Repainting and Non-Backpainting: Unlike many other indicators, the PZ Lopez Speed does not change historical signals, providing reliable and consistent information for strategy implementation.
- Comprehensive Alerts: The oscillator includes various alert options (pop-up, sound, push notifications), ensuring that traders can stay updated on market movements in real-time.
Basic Usage Guidelines
The basic strategy for using the PZ Lopez Speed is as follows:
- If the blue moving average is above the dotted moving average, traders can initiate long positions.
- If the blue moving average is below the dotted moving average, traders can consider short positions.
Input Parameters
- Period: The number of bars to look back and calculate vectors.
- Signal: The period for the slow moving average of the indicator.
- Trade: The period for the fast moving average of the indicator.
- Custom Alert Name: Customizable string for alerts.
- Display Pop Up Alerts: Enables pop-up notifications for alerts.
- Send Push Alerts: Enables sending push notifications for alerts.
- Raise Sound Alerts: Triggers audible alerts when conditions are met.
- Soundfile to Play: Custom sound file that plays upon alert occurrence.
About the Author
The PZ Lopez Speed MT4 was developed by Arturo Lopez Perez, a dedicated private investor and speculator, as well as a software engineer and founder of Point Zero Trading Solutions.
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