JCAutoStm

Overview of JCAutoStm

• JCAutoStm is an innovative trading indicator designed for MetaTrader 5.
• It employs a unique approach based on a zigzag model, categorizing market trends into various wave structures.
• The indicator automatically identifies current wave patterns and names different structural formations, enhancing trading strategy understanding. 📈

Wave Patterns and Structure

• Utilizes ZigZag patterns that represent market fluctuations in three phases: large, medium, and small waves.
• Identifies downward movements using structures like D3, D5, D7 and various reversal patterns (e.g., BRP1, BRP2, BRP3).
• Recognizes upward movements with formations like U3, U5, U7 and top reversal patterns (e.g., TRP1, TRP2, TRP3).

Trendline and Support-Resistance Levels

• Automatically draws trendlines based on adjacent high and low points of the identified waves.
• Emphasizes converging patterns for better visibility of price action.
• Includes effective support and resistance levels through precise calculations, enabling traders to make informed decisions. ⬆️⬇️

Statistical Analysis and Alerts

• Features MACD divergence lines that aid in understanding momentum shifts in the market.
• Provides traders with alerts for key market movements and potential entry or exit points.
• Designed to enhance trading decisions through visual and statistical inputs, minimizing guesswork. 🔔

User Feedback and Ratings

• The indicator has received positive feedback from users, highlighting its effectiveness in trend identification.
• Users appreciate the automation and simplicity of use, which allows for a better focus on trading strategies.
• Highly rated with an overall score of 5.0, suggesting strong community approval.