How it works Playzone is a very simple system, utilizing just two exponential moving averages. The 'Zones' in which different 'actions' should be taken is highlighted with different colors on the chart. Calculations for the zones are based on the relative position of price to the two EMA lines and the relationship between the two EMAs
How to use The basic method for using Playzone is to follow the green/red color. Buy when bar closes in green. Sell when bar closes in red. Using it this way is safe but slow and is expected to have around 35-40% accuracy, while yielding around 2-3 profit factors. The system works best on larger time frames.
The more advanced method uses the zones to switch between different trading system and biases, or in conjunction with other indicators.
example 1: Buy when Yellow-Green and Bullish Divergence between price and RSI is visible, if not Buy on Green and vise-versa example 2: Set up a long-biased grid and trade long only when actionzone is in green change the bias to short when actionzone turns to te bearish side(red) (Look at colors on a larger time frame)
"We let the market tell us what to do, Not to outguess what the market gonna do."
Release Notes
⋅
Update setting title and use EMA 120 instead of 100.
Release Notes
⋅
More Setting.
Release Notes
⋅
Config.
Release Notes
⋅
add condition and use EMA 120 for confirmed trend.