Recruitment of participants Woodie ZLR Pro NT8

Woodie ZLR Pro NT8



+ Woodie ZLR Pro is an indicator dedicated to ninZaRenko or equivalent renko charts.
+ This purchase does NOT include Easy Trend, which was used in our demo screenshots below to help identify major trends.

ZLR stands for "Zero-Line Reject," which is a CCI pattern introduced by Ken Wood (Woodie). This pattern is observed when CCI leaves its high/low region, then penetrates through the zero line but quickly bounces back to create a sharp V-shaped reject off the zero line.

What does this pattern mean? ZLR means a trend has recovered after a pullback.

Trend followers can, therefore, consider a ZLR signal as a good opportunity to join a trend resumption.

Besides its ZLR functionality, this indicator also allows you to calculate CCI like never before. It gives you options to select MA type, configure multiplier, and smooth CCI.