OPEN-SOURCE SCRIPT
Noro's ZZ-2 Strategy
Updated
ZZ = ZigZag. Strategy uses the ZigZag indicator. From the top points of the ZigZag indicator lime lines are drawn. From the lower points of the ZigZag indicator red lines are drawn.
Strategy
market-stop-orders are necessary. Or it is very desirable.
If the price became higher than the lime line - to open a long position.
If the price became lower than the red line - to open a short position.
It is a reverse system.
For:
- crypto
- any timeframe
Strategy
market-stop-orders are necessary. Or it is very desirable.
If the price became higher than the lime line - to open a long position.
If the price became lower than the red line - to open a short position.
It is a reverse system.
For:
- crypto
- any timeframe
Release Notes
+ backgroundRelease Notes
- bugsRelease Notes
+ correctionRelease Notes
+llRelease Notes
+ black arrowsRelease Notes
:(Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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