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Zone Trade Metatrader 5 forex Indicator
The BW Zone Trade Metatrader 5 forex indicator is borne out of Bill Williams idea, as proposed in his book “New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds and Commodities”.
Furthermore, traders are able to see the “fourth dimension” of the market when using the BW Zone Trade forex indicator.
This is so because it colors the candlesticks with an array of colors i.e. green, gray and red based on the most recent market momentum (1st derivative).
The varied colors of the price bars also depends on price acceleration (2nd derivative), which is calculated using the Awesome Oscillator (AO) and Accelerator Oscillator (AC).
Download the “bw-zonetrade.ex5” MT5 indicator
The EUR/USD H1 chart below displays the BW Zone Trade Metatrader 5 forex indicator in action.
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