ZigZag H&S Neckline Arrows — MT5 Head & Shoulders Pattern Signals (MTF)

Description

The ZigZag H&S Neckline Arrows indicator maps market swings with a classic ZigZag engine, then automatically identifies Head and Shoulders and Inverse Head and Shoulders reversal patterns from the resulting pivots (left shoulder, head, right shoulder). It draws the neckline for each pattern and fires a non-repainting arrow the moment price breaks and closes through that neckline, giving a clean sell signal on a top and a buy signal on a bottom. A head-prominence filter and a shoulder-symmetry filter remove weak or malformed patterns, while multi-timeframe (MTF) analysis lets you read higher-timeframe structure on a lower-timeframe chart. Tuned for Deriv synthetic indices (Volatility, Boom, Crash, Jump, Step) as well as forex, indices and crypto on MetaTrader 5. Free MT5 download.