1. What Does the Indicator Do?

• The CZM indicator tracks the market’s momentum and price behavior across different timeframes.
• It identifies areas where the market is overbought (too high) or oversold (too low).
• It uses colored zones, lines, and dots to indicate possible trend reversals or continuations.

2. Key Components

A. Multi-Timeframe Analysis

The indicator pulls data from different timeframes (1 minute to 10 hours) to provide a broad market perspective.

• Short-Term (1m, 6m, 12m, 24m) → Quick fluctuations
• Medium-Term (1h, 2h, 4h, 6h, 8h, 10h) → More stable trends

By combining these timeframes, traders can identify strong confluences where multiple signals align.

B. Colored Zones (WaveZones)

• These colored areas represent potential trading zones.
• Green zones → Indicate oversold areas, where price may bounce up.
• Red zones → Indicate overbought areas, where price may drop.

The height of these zones changes based on market momentum.

C. Dots (MFDots)

• Dots appear at different levels on the chart, corresponding to different timeframes.
• Red dots → Show overbought conditions, warning that the price might drop.
• Green dots → Show oversold conditions, signaling that the price might rise.
• Blue/Gray dots → Indicate neutral or transitioning market phases.

These dots act as early signals for potential trend reversals.

D. Key Horizontal Lines

• Red Line (Overbought Level): If the market reaches this level, it may be too expensive and ready to drop.
• Green Line (Oversold Level): If the market reaches this level, it may be too cheap and ready to rise.
• White & Orange Lines: These help track mid-level price movements.