FibAlgo® - Screener (PEZ)

What is the FibAlgo® - Screener (PEZ)?

The FibAlgo® - Screener (PEZ) is a powerful multi-symbol dashboard that works as a companion to our main FibAlgo® - Perfect Entry Zone™ indicator. Instead of analyzing one chart at a time, the screener allows you to monitor up to 10 different symbols and timeframes simultaneously from a single, organized table on your chart.

In the background, it runs the complete Perfect Entry Zone™ analysis engine for every symbol in your list. It then displays the most critical data—such as trend direction, volatility, trend strength, and the status of the "Perfect Buy/Sell Zones"—in an easy-to-scan format.

This tool is designed to save you hours of manual chart-flipping, helping you spot high-probability trading opportunities across your entire watchlist at a glance.

The Core Concepts / Columns Explained

The screener table provides a wealth of information. Here is a breakdown of what each key column tells you:

Volatility: Measures the current market energy based on the Average True Range (ATR). It's categorized as "Low," "Moderate," or "High."

Low: The market is quiet, possibly consolidating.

High: The market is making large price swings, indicating increased opportunity and risk.

Trend: Shows the short-term trend direction calculated from the most recent Fibonacci pivots. Can be "Bullish," "Bearish," or "Sideways."

Fib Range: Displays the current location of the price within the Fibonacci structure calculated by the PEZ engine. This gives you immediate context on whether the price is in a retracement or extension phase.

Trend Strength: This value is calculated using the ADX indicator. It measures the strength of the current trend, not its direction.

Below 25: Weak or non-existent trend (sideways market).

Above 50: A very strong, established trend.

Buy Zone / Sell Zone: This is the most critical column. It tells you if the price is currently inside a "Perfect Entry Zone" as defined by the core FibAlgo® logic. When a symbol's price enters one of these key Fibonacci levels, the status will change to "Active." This is your primary alert to focus on that specific chart.

How to Use the Screener

The screener is designed to be the first step in your trading workflow: finding the opportunity.

Step 1: Setup Your Watchlist

Go into the indicator settings and populate the "Symbol List" with up to 10 of your favorite stocks, crypto pairs, or forex symbols. Assign the timeframe you wish to monitor for each one.

Step 2: Scan for Confluence

Don't look at just one signal in isolation. The most powerful insights come from finding confluence—where multiple columns align to tell a story. For example, a high-probability long setup might look like this:

Trend: "Bullish"

Trend Strength: > 25% and rising

Buy Zone: "Active"

When you see a row where these conditions are met, you've identified a promising candidate for a trade.

Step 3: Analyze with the Main Indicator

Once the screener has helped you find a promising symbol, open that symbol's chart. Then, apply the main FibAlgo® - Perfect Entry Zone™ indicator to perform a detailed analysis. The screener finds the "what," and the main indicator helps you decide the "when" and "where" for your entry.

Settings Explained

General Settings

Fibonacci Period: Controls the sensitivity of the underlying PEZ engine's pivot detection. For consistency, it's recommended to use the same period as your main Perfect Entry Zone™ indicator.

Fibonacci Set: Choose the set of Fibonacci levels for the engine to use. This should also match the settings on your main indicator for accurate alignment.

Table Settings

Table Size: Adjusts the text size of the table to "Small," "Normal," or "Large" to fit your screen resolution and preference.

Table Position: Allows you to move the screener table to one of nine positions on your chart (e.g., "Bottom Right," "Top Left," etc.).

Column Toggles (Show Symbol, Show Price, etc.): Each column in the table can be individually turned on or off. This allows you to create a minimalist view focused only on the data that matters most to you.

Symbol List

Symbol 1-10: Input fields where you enter the ticker symbols you want to scan (e.g., "NASDAQ:AAPL", "BINANCE:BTCUSDT").

Timeframe 1-10: Next to each symbol, you can specify the timeframe for the analysis (e.g., "1H", "4H", "1D"). If left blank, it will use the chart's current timeframe.