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FiReZ Trading Strategy

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This indicator is designed to assist with outlining potential trade setups based on the FiReZ Trading Strategy. This can be used with other strategies but it is designed specifically for the FiReZ Strategy. This indicator is EXPERIMENTAL.

The FiReZ indicator will attempt to find:
  • Point of Interest zone
  • Entry Level (adjustable)
  • Stop Loss Level (adjustable)
  • Take Profit Level
  • Reversal Level
  • Fibonacci 61.8% - 78.6% levels for confluence (optional)
  • Identify Divergence (optional)
  • Show entry, stop loss, and take profit prices (optional)


This indicator is made to assist, not replace your analysis. You still need to conduct your analysis when using this indicator. Depending on the structure on a given time frame, the indicator may not give a clear signal. Changing timeframes may help resolve this. If the markets are sideways and choppy, there is nothing that can resolve that beyond waiting for the markets to start trending again.

The FiReZ Trading Strategy is available at https://martialchcartsfx.com/firez_trading_strategy
Release Notes
Added Prices to Entry, SL, and TP Levels.
Minor bug fixes for improper setups.
Release Notes
Minor adjustment to placement of Entry, SL, and TP prices.
Release Notes
11/18/2024 Update:
  • Appearance Refinements
  • Zone Refinements
Release Notes
11/18/2024 Update:
Bug Fix for Entry Price Label
Release Notes
11/27/2024 Update:
Removed irrelevant line from indicator drawing output
Release Notes
11/27/2024
Changed Fibonacci levels to hidden by default. Can be re-enabled in Input settings.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.