Algonize

KBL PLAY-ZONE PLOTTER

How to Use This Indicator ?

1 : When a price candle closes above the RED zone indicated on the chart, then it is considered as a Break Out Buy with target and stoploss points same
as the difference between the top and bottom of the Red Zone.
Or When a price candle closes below the GREEN zone indicated on the chart, then it is considered as a Break Out Sell with target and stoploss points
same as the difference between the top and bottom of the Green Zone.

2 : When Price candle enters the green zone from upside down and then again when it go out above the green zone, then at that point we put a buy
order with target and stoploss points same as the difference between the top and bottom of the Green Zone.
Or When Price candle enters the Red zone from downside to up and then again when it go out below the Red zone, then at that point we put a Sell
order with target and stoploss points same as the difference between the top and bottom of the Red Zone.

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Release Notes: • Added Breakout Buy Target Line
• Added Breakout Sell Target Line
• Added Pivot (Range Center) Point Line

• Added "BreakOut Buy Here" Label
• Added "BreakOut Buy Target" Label

• Added "BreakOut Sell Here" Label
• Added "BreakOut Sell Target" Label

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Algonize for more information, or follow the author's instructions below.

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