FZ Indicator for cTrader
Description
The FZ indicator draws Fibonacci channel zones based on the highest and lowest prices over a user-defined period. It helps identify trend zones and potential reversal areas.
Features
- Calculates channel borders and Fibonacci levels (0.236, 0.382, 0.618, 0.786)
- Visualizes uptrend, ranging, and downtrend zones
- Overlay on price chart
Parameters
- calculate for last ## bars: Number of bars to use for calculation (default: 21)
How to Use
- Download and add the FZ indicator file (FZ.cs) to your cTrader platform.
- Compile the indicator in cTrader Automate.
- Attach the indicator to any chart.
- Adjust the parameter for the number of bars as needed.
- Interpret the colored zones:
- Cyan: Uptrend zone (go long)
- Gray: Ranging zone (wait for trend change)
- Orange: Downtrend zone (go short)
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Since 10/03/2026
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