FibAlgo® - Screener (PEZ)

FibAlgo® - Screener (PEZ)

OVERVIEW

This tool is a companion to the "FibAlgo® - Perfect Entry Zone™" (PEZ) indicator, bringing its power into a multi-symbol screener panel. It allows you to monitor up to 10 different symbols and timeframes simultaneously, without ever leaving your current chart. The core purpose of the screener is to continuously analyze your custom watchlist and instantly notify you when an instrument generates a potential "Perfect Buy Zone" or "Perfect Sell Zone" signal. By combining critical data like trend, volatility, and Fibonacci analysis into a single dashboard, it enables traders to quickly identify the best opportunities across the market.



CONCEPTS

The screener combines the PEZ strategy with comprehensive market analysis around three main concepts:

1. Multi-Asset Scanning: The core

function of the screener is to continuously monitor a user-defined list of symbols (stocks, crypto, forex, etc.) and their respective timeframes in the background. It eliminates the need to open separate charts for each symbol and presents all analysis results in a single, interactive table.

2. "Perfect Entry Zone" (PEZ)

Detection: This is the analytical engine of the screener. For each symbol, it uses the same ZigZag-based pivot analysis as the main PEZ indicator. It determines the current Fibonacci retracement or extension level based on the price action between the last two significant pivots. Depending on this level and the direction of the prior trend, it detects whether a potential "Buy Zone" or "Sell Zone" is active for that symbol and highlights it clearly in the table.

3. Holistic Market Condition Analysis:

The screener does more than just find a PEZ signal; it provides additional critical data to help you evaluate the quality of that signal:

Trend Direction: Shows whether the current short-term trend is "Bullish" or "Bearish."

Trend Strength (ADX): Measures how strong or weak the current trend is using the ADX value.

Volatility (ATR): Classifies the market's current volatility as "Low," "Moderate," or "High," aiding in risk management.



FEATURES

Real-Time Screener: Monitor up to 10 different symbols and timeframes simultaneously from a single panel.

Automatic PEZ Signal Detection: Provides instant visual alerts by automatically color-coding the relevant cell when an instrument enters a potential "Perfect Buy Zone" or "Perfect Sell Zone."

Comprehensive Data Columns: Presents vital information in one place, including Symbol, Timeframe, Price, Percentage Change, Volatility, Trend Direction, Fibonacci Range, and Trend Strength.

Customizable Fibonacci Sets: Offers the ability to choose from four different pre-configured Fibonacci sets (Comprehensive Analytical, Advanced Harmonic, Standard Trend, Universal Standard) to suit different analytical approaches.

Fully Customizable Table: Flexibility to choose which columns to display, adjust the table size, and move the panel anywhere on your chart.

Smart Color-Coding: A conditional coloring system that helps you spot important information (active zones, strong trends, high volatility, etc.) at a glance.

USAGE

Follow the steps below to efficiently find opportunities using the screener:

1. Setup:

Go to the indicator settings.

In the "Symbol List" tab, enter the stock, crypto, or forex symbols you want to monitor.

Assign a specific timeframe for each symbol (or leave it blank to use the chart's current timeframe).

Under "General Settings," select the "Fibonacci Set" that best matches your trading style.

2. Analysis:

The table will populate with real-time data for all the symbols you entered.

Primarily, look for rows where the "Buy Zone" column is highlighted in green ("Active") or the "Sell Zone" column is highlighted in red ("Active"). These are your primary setup signals.

3. Confirmation:

When you spot a signal, confirm it by checking the other columns in the same row before acting. For example, for an "Active" "Buy Zone" signal, an ideal confirmation scenario would also show a "Bullish" trend, rising "Trend Strength," and "Moderate" or "Low" "Volatility."

Use the screener as a filter to identify potential opportunities, then switch to that symbol's chart (perhaps with the main "FibAlgo® - Perfect Entry Zone™" indicator loaded) to perform a more detailed entry analysis.