DTFX Algo Zones Indicator for MetaTrader 5 – Free Download [TradingFinder]

DTFX Algo Zones is an advanced analytical tool for financial markets, including Forex and cryptocurrency, designed to identify supply and demand zones automatically.

 By identifying potential reversal areas using swing point analysis and Fibonacci logic, the indicator presents dynamic colored zones on the chart, allowing for informed trading decisions.

DTFX Algo Zones Indicator Table

The following table presents the key specifications of the DTFX Algo Zones Indicator.

DTFX Algo Zones at a Glance

The colored zones in DTFX Algo Zones result from a combination of essential technical analysis components and advanced algorithms, defined with the following structure:

• Swing Point Detection: Identifying supply and demand zones by focusing on valid price reversal points;
• Fibonacci Confluence: Enhancing zone reliability via overlap with key ratios like 50%, 61.8%, and 78.6% on price waves;
• Price Action Analysis: Assessing candle behavior, momentum strength, and reversal types to verify the zones;
• Algorithmic Filtering: Automatically eliminating weak and ineffective zones to improve analytical precision;
• Bright Dynamic Display: Visually rendering zones with variable color intensity and transparency, reflecting the strength of each level.

Indicator in an Uptrend

The image below shows the Cardano (ADA/USD) cryptocurrency index on the 5-minute timeframe.

In this trading tool, a position is considered when the price reaches a DTFX demand zone and bullish signals appear, such as bullish candlestick formations or long lower shadows in green zones.

Price interaction with existing support levels in this area provides a reliable region for initiating buy trades.

Indicator in a Downtrend

The chart below displays the EUR/NZD currency pair in a 15-minute timeframe. When the price enters a DTFX supply zone, it is typically followed by selling pressure, creating an opportunity to open a trade.

Reversal patterns, such as bearish engulfing candles or long upper shadows along with red zones, indicate the market's tendency to continue downward, providing a suitable area for initiating sell trades.

DTFX Algo Zones Indicator Settings

The image below shows the DTFX Algo Zones Indicator Settings Panel in the MetaTrader 5 platform:

• ZIGZAG PERIOD: Zigzag Period;
• ZIGZAG BACKSTEP: Zigzag Backstep;
• DISPLAY ZIGZAG: Display Zigzag;
• DISPLAY PIVOT LABELS: Display Pivot Labels;
• ZIGZAG COLOR: Display Zigzag Color;
• BULLISH BOX: Display Bullish Box;
• BULLISH LINE: Display Bullish Line;
• BEARISH BOX: Display Bearish Box;
• BEARISH LINE: Display Bearish Line;
• HISTORY LIMIT: Display History Limit.

Conclusion

The DTFX Algo Zones Indicator is an advanced technical analysis tool designed to identify high-probability supply and demand zones based on price swings, Fibonacci overlap, and principles of price action.

 With precise visual representation and algorithmic filters, it clearly and effectively highlights valid zones on the chart.