OPEN-SOURCE SCRIPT
AO-Zone
The Zone is mention in New Trading Dimensions by Bill Williams,PhD.
The Zone is used for Entry Signal
Green Zone are painting Green when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both increasing.
Red Zone are painting Red when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both decreasing.
Gray Zone are painting Gray when 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.
(in my opinion, it happen lower than in intraday time frame)
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 lower the Low of previous Red Bars is Sell Signal. Entry Sell (Short) and place Stop at 1 tick higher the High of previous bar.
Can Entry from 2nd bar to 5th bar.
Do not Entry if Green Bars or Red Bars completed 5 bars continuously.
This indicator have AO , AC and Zone in 1 tools and there are counter to show the number of Green bar or Red bar.
Green counter will happen when AO >0 and Green zone because AO > 0 show uptrend condition.
Red Counter will happen when AO < 0 and Red Zone because AO <0 show downtrend condition.
When we entry , we should follow the trend. So I design to non-show the counter if zone is against the trend.
#WaveRiders
The Zone is used for Entry Signal
Green Zone are painting Green when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both increasing.
Red Zone are painting Red when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both decreasing.
Gray Zone are painting Gray when 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.
(in my opinion, it happen lower than in intraday time frame)
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 lower the Low of previous Red Bars is Sell Signal. Entry Sell (Short) and place Stop at 1 tick higher the High of previous bar.
Can Entry from 2nd bar to 5th bar.
Do not Entry if Green Bars or Red Bars completed 5 bars continuously.
This indicator have AO , AC and Zone in 1 tools and there are counter to show the number of Green bar or Red bar.
Green counter will happen when AO >0 and Green zone because AO > 0 show uptrend condition.
Red Counter will happen when AO < 0 and Red Zone because AO <0 show downtrend condition.
When we entry , we should follow the trend. So I design to non-show the counter if zone is against the trend.
#WaveRiders
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Pragasit Thitaram, CEWA
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Pragasit Thitaram, CEWA
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.