Zone
[RS]Support and Resistance V0Support and Resistance using donchian channels to validate tops/bottoms
(note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel)
combo with other systems:
The Zone Trades v1.0The Zone is mention in New Trading Dimensions by Bill Williams,PhD.
The Zone is used for Entry Signal
Green Zone are painting Green Bars when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both increasing.
Red Zone are painting Red Bars when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both decreasing.
Gray Zone are painting Gray Bars AO and AC in difference changing
Gray Zone are indicate the indecision between bulls and bears.
Bill Williams, PhD. mention that Green Zone or Red Zone usually happen 6-8 bars Continuously.
The First Bar that change to be Green or Red color is the Signal Bar.
Entry Signal is the second bar in the same color as the Signal bar happen with Volume
Price go higher the high of previous Green Bar is Buy Signal. Entry Buy (Long) and place Stop at 1 tick lower the Low of previous bar.
Price go ;ower the Low of previous Red Bars is Sell Signal. Entry Sell (Short) and place Stop at 1 tick higher the High of previous bar.
Do not Entry if Green Bars or Red Bars completed 5 bars continuously.
Bitcoin Kill ZonesGRAB THE LASTEST VERSION HERE:
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This indicator shows when the candle is entering New York, London or Asia Kill Zone (open market).
gray: 30min before market opens.
red, green, orange: First 1 hour with 10min focus bands.
silver: complete 30min session market until close.
FIX NOTE:
Set this hours for Asia to fix the 1 hour difference:
2330-0000
0000-0010
0010-0050
0050-0100
0100-0900
* this is beta, in planning to mark dynamically ranges before/after open/close session and use some Fibs to have some ripple effect indicator
Updated code: github.com
Kill Zones******* UPDATED VERSION *******
Use this one:
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>> OLD STUFF, please use the UPDATED version!!! <<
COPY & PASTE the code and change manually hours to reflect reality regardless selected TimeZone:
doNYOpen "1300-1310"
doNYSession "1300-0000"
doTokyoOpen "0030-0040"
doTokyoSession "0030-0930"
doLondonOpen "0800-0810"
doLondonSession "0800-1700"
ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerator/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerator/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerator/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerator/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.