Thursday, December 22, 2011

ZUP indicator metatrader

This is a forex reversal indicator for mt4. I found it while browsing the internet and thought I would share it. It is based off of Gartley patterns that look like a butterfly. The last leg will repaint so use with caution.

Scott Carney published the book "The Harmonic Trader" published in 1999 was based on H.M. Gartley early works of circa 1935 and of course harmonic trading. Carney added Fibonacci ratios to the distances between points.

The pattern starts from x point and has waves a,b,c,d with d being the last leg.
Each wave has an angle / fibonacci ratio. These patterns are similar to M or W type Elliott wave patterns.

according to Carney:
1.27/1.618% is ideal ratio for A-B points.
ideal for C is .618/.786%
ideal for D is 76.8% (he considers this to be vital)

Key Features:
Must have an AB=CD pattern that converges in the same area as the .786 Fibonacci on the XA, and also the 1.27 or 1.618 BC. The B point retracement ideally at .618 of the XA leg.

download ZUP for MT4 (just click slow download - it should be free)

Here is a different version:

By Neal Vanderstelt
Forex Trader, Market Analyst, Trading System Designer


  1. its a great tool ,but unless you know how to use it and willing to scan and cycle through all the markets its annoying.

  2. I suggest that you go with the best Forex broker - AvaTrade.

  3. If you want your ex-girlfriend or ex-boyfriend to come crawling back to you on their knees (even if they're dating somebody else now) you must watch this video
    right away...

    (VIDEO) Have your ex CRAWLING back to you...?

  4. GPS robot tripled the $100k deposit [live proof authenticated by myfxbook and broker]

    I just finished a webinar with Mark and his partner, Antony, two days ago and it was GREAT.

    During the webinar Mark and Antony shared their secrets to success and answered questions about their new version of the GPS Forex Robot that is coming out TODAY!

  5. Forex Trendy is a state of the art software capable of determining the most reliable continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every potential breakout.

  6. Quantum Binary Signals

    Professional trading signals delivered to your mobile phone daily.

    Start following our signals NOW and profit up to 270% daily.

  7. global-economic-indicators are important as they show the economic health of countries. They are used to interpret current or future investment possibilities.