Structure Pilot - Z&Z [Wang Indicators]

28 de nov.

Structure Pilot Zone & Zil is a complete suite of structure driven features that's build around pattern that can be visible around any timeframe.

Built in collaboration with Dave Teaches,

All these tools were shaped and combined together as the only toolkit Structure & DTFX traders want to have !

▫️ Structures & Zones ▫️

Zones are drawn when a break of structure (new high or low being created) or a market reversal happens.

It will highlight the last valid down move before a new high for bullish zones and the last valid up move before a new low for bearish zones.





These zones are used to analyze the market trend and to make entries into the market trend once the price retraces into these zones.
For example, with the latest bullish zones drawn in green for LTF zones and in blue for HTF zones, when the price retraces into this zone, there is a strong probability that the price will turn around to provide a buying opportunity all the way to the top of the zone or even higher.

These buying opportunities generally occur at specific retracement levels in the 30%, 50% and 70% zones, automatically represented by broken lines in the zones when they are created.

Example with bullish zones :




The aim with these zones is to find places on the chart where it's best to buy or sell, in order to take the biggest possible move while minimizing your risk.
Indeed, if the price is rising and a bullish zone has been created, I don't want to buy on the highs, preferring to wait for a retracement in my bullish zone to buy lower and reduce my risk, as the invalidation of the current trend will be found below the last protected low under the bullish zone drawn in blue for the HTF and in green for the LTF. Conversely, if the price is falling and a bearish zone has been created, I don't want to sell at the bottom. I'd rather wait for a retracement in the bearish zone to sell higher and reduce my risk, as the invalidation of the current trend will this time be above the last protected high above the bearish zone drawn in orange for the HTF and red for the LTF.

Example with bearish zones :



When it comes to market structure, it's good to know that zones recur within the same trend at a frequency of between 3 and 6 before there's a trend reversal.
So, after a certain number of successive zones, you can expect a reversal or the last protected high or low to be breached. The indicator automatically counts the number of successive zones, so you can keep track of the market and avoid surprises.

The zones are generated through the structure length. It can be increased to display larger (and more important) zones.

As we recommend keeping the default value (20) for new traders, experienced traders will find some success with other settings depending on their strategies.

Structure Pilot also provides auto HTF Zones, which is particularly useful to have a macro vision of the market.


Settings:

• Swing types: Bullish only, Bearish only, both, or none
  
• Structure length
  
• Swing count: useful when it comes to tracking Trend strenght in any given time frame
  
• Show Zones: Display boxes with 30%, 50%, and 70% fibs
  
• Show HTF Zones: Display HTF zones with the same retracement configuration as the regular zones
  
• Show 30%, 50% and 70%: Enable/disable these options to show or hide the corresponding fibs.
  
• Box visibility, Line width & Line style: Style configuration for the zone
  

All settings can be activated or deactivated in the indicator parameters to suit individual needs and preferences.

30% Level : This is often considered a shallow retracement. If prices pull back to this level after an uptrend and flip in a lower timeframe, traders might view it as a strong sign of continued bullish momentum. Conversely, after a downtrend, this level could act as a temporary resistance where sellers might re-enter after a flip in a lower timeframe.
50% Level : This level is seen as a balance point or midpoint in the price move. A retracement to 50% can indicate a strong trend change or continuation.
70% Level : A retracement this deep can signal that the market might be losing steam or that the previous trend could be weakening. If the price bounces off this level, it might suggest that the trend is still in control but needed a more significant correction before moving further in its original direction.

We as structure traders prefer to take entry out of The 50% or when price retrace past it
there will be something at the level i'm looking for price to reverse from either some specific candles or imbalances.
Advanced traders might combine these levels with other tools or chart patterns that we bundle in this indicator.

▫️ ZIL ▫️
The ZIL Indicator is designed to automate the process of identifying key structural levels in the market and applying Fibonacci retracements when a significant price break occurs.
The indicator detects when a market structure (high or low) is broken and a candle closes below the previous low or above the previous high, indicating a potential trend shift or continuation.
• Tracks the break of structural lows or highs and waits for a confirmation candle that closes above or bellow the candle that set the new low.

Automated Fibonacci Retracement:
• Once the structure break is confirmed, the indicator automatically plots a Fibonacci retracement between:
• The high of the last bullish move (before the new low is set) or the low of the last bearish move (before the new high is set)
• The newly formed low after the structure break or the newly formed high after the structure break

Fibonacci levels plotted with colors :
• -0.27 : Dark red - Stop loss
• 0 : white - The new high/low - Potential entry
• 0.3, Orange 0.5, Light green 0.7: Green : Levels - Partial and take profit zones
• 1.15 pale blue - for your runner

We may long the retracement when the price is comming from a bearish zone using the ZIL to manage

Example :


Multi-Timeframe Support:
• Using the option "HTF ZIL" will display ZIL on higher timeframe (corresponding to the HTF Zones) on your charts to help traders find structural breaks and Fibonacci setups in both short-term and long-term markets.

HTF ZIL is really usefull to manage trades if the regular ZIL target get ran through
Wang use case :

HTF zill level are used when the small zill get ran through


▫️ Opening Range Tracker ▫️

The Opening Range Tracker is designed to help traders identify and track the opening range of a specified time period, specifically starting with the 144-minute candle between 8:24 AM and 10:48 AM. (default value) The indicator highlights this range and automatically plots key levels (30%, 50%, 70%) to provide potential strong reaction areas for trading. The time period for the opening range is fully customizable, allowing users to adjust it according to their strategy.

Opening range should be seen and used as a classic zone. If we trade above or below it price tend to come back into it and bounce of of the One or multiple level...
classic 30/50/70.

• Customizable Opening Range: Adapt the indicator to any market or session by changing the opening range time window.
• Precise Levels for Trading: The 30%, 50%, and 70% levels provide key zones where price may react, helping traders define entries, exits, or stop loss placements.
• Visual Clarity: The range box and levels make it easy to see the important price areas during the opening range and the rest of the trading session. If we range a lot in the opening range, we may range for the rest of the day. We should keep that in mind to avoid taking wrong decisions.
its basically a large zone that's we have seen often time price rejects from the level in it
Daily Reset: Each trading day resets the opening range, giving traders fresh data and new opportunities to capitalize on market movements.



Structure Pilot is built for beginner and experienced. It provides the tools to the traders that want to learn, understand, and trade efficiently within the principles of structure trading.

30 de nov.

Notas de Lançamento

Update Front chart