Skip to main content

Heavy Delta - Flags and Rockets Symbols in ZenAlgo

ZenAlgo's Flags (🚩) and Rockets (🚀) symbols are powerful visual cues that indicate potential points of entry for traders, highlighting price reactions around Order Blocks. These symbols help traders easily spot areas where the market may be preparing for a strong reversal or continuation.

Quick Insight

Order Blocks represent price zones where institutions have likely entered or exited large positions, creating areas of high buying or selling interest. Recognizing these levels can help you stay aligned with "smart money."

Flags and Rockets Overview

Did You Know?
ZenAlgo uses Heikin Ashi candles in some sample screens for a clearer view of trends! Curious about the pros and cons of Heikin Ashi? Learn more here.

Symbol Meanings​

Each symbol provides a clear signal based on specific conditions around Order Blocks:

🚀 Rocket - Bullish Entry from Order Block​

  • The Rocket symbol indicates a bullish signal, representing a strong buying opportunity forming in or near an Order Block.
  • This symbol often appears when multiple bullish factors align, such as:
    • A bullish crossover
    • Price rejection from a support level
    • An oversold condition
  • The Rocket suggests that the price is "taking off" from a critical support area, potentially marking the beginning of a strong uptrend. Traders may consider this as an indication to enter a long position.
Trading Tip

Rocket symbols are best used in conjunction with other indicators like volume and moving averages. Look for additional confirmation before entering a trade.

🚩 Flag - Bearish Entry from Order Block​

  • The Flag symbol represents a bearish signal, indicating a potential selling opportunity in or near a resistance Order Block.
  • This signal is triggered by factors such as:
    • Bearish divergence
    • Price failing to sustain above a key resistance
    • An overbought condition
  • The Flag suggests that the price may "retreat" from a resistance level, signaling the beginning of a downtrend. Traders can consider this as a short entry opportunity.
Caution

Flags and Rockets indicate potential but not guaranteed moves. Consider setting stop-loss orders to manage risk effectively.

Key Benefits​

These symbols allow traders to quickly recognize high-probability zones where institutional participants might be entering or exiting positions. Combined with Order Block analysis, Flags and Rockets provide an intuitive view of market dynamics, simplifying the process of identifying trades with favorable risk-reward potential.

In summary:

  • 🚀 Rockets highlight potential bullish breakouts or reversals.
  • 🚩 Flags indicate possible bearish pullbacks or breakdowns.

These symbols are particularly useful for traders aiming to align with larger market forces and improve their entry timing.