Buy Zones help you visually see price and the percentage distance it is trading above moving averages.
The Buy Zones are completely customizable, but come preset to specific levels.
The first zone is preset to be 20% above a 50-day exponential moving average . The second zone is preset to be 30% above a 200-day exponential moving average .
By visually seeing these zones on the chart, they could help avoid taking trades when prices are extended from consolidation areas.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.