piriya33

CDC ActionZone V3 2020

## CDC ActionZone V3 2020 ##
This is an update to my earlier script, CDC ActionZone V2
The two scripts works slightly differently with V3 reacting slightly faster.
The main update is focused around conforming the standard to Pine Script V4.

## How it works ##
ActionZone 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

CDCActionZone is your barebones basic, tried and true, trend following system
that is very simple to follow and has also proven to be relatively safe.


## How to use ##
The basic method for using ActionZone is to follow the green/red color.
Buy when bar closes in green.
Sell when bar closes in red.
There is a small label to help with reading the buy and sell signal.
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 blue 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, yellow or orange.
change the bias to short when actionzone turns to te bearish side
(red, blue, aqua)
(Look at colors on a larger time frame)

## Note ##
The price field is set to close by default. change to either HL2 or OHLC4
when using the system in intraday timeframes or on market that does not close
( ie . Cryptocurrencies)

## Note2 ##
The fixed timeframe mode is for looking at the current signal on a larger time frame
ie . When looking at charts on 1h you can turn on fixed time frame on 1D to see the
current 'zone' on the daily chart plotted on to the hourly chart.
This is useful if you wanted to use the system's 'Zones' in conjunction with other
types of signals like Stochastic RSI , for example.
Note di rilascio: Added a few quality of life enhancements.
- New signal ribbon so you no longer need to squint
- New toggles
- New alerts for Bullish and Bearish zones (will add alerts for all zones later)
Note di rilascio: More quality of life improvements.
- Text label are now turned off by default, you can turn it on in the settings menu
- Buy and Sell Ribbon can be moved to the bottom / top and hidden
- More alerts! for each different zones, plug this in to your bots as you like
- Added momentum based analysis for addition buy and sell signals. Adjust the strictness of the additional signals in the settings.
- the new signals are hard-coded, but that can be change to user inputs! just scroll down the code and comment/uncomment the lines under // Momentum signals //
Note di rilascio: - Minor bug fix.
Change syminfo.ticker to syminfo.tickerid to avoid calling the wrong chart

- Aesthetic fix
- Turn signal Ribbon default to off by default to avoid confusion
- Turn text box on by default by popular request. Users can still turn these features on and off in the settings.
Note di rilascio: - Change Screenshot to better reflect the correct system
- Added a few more comments
Note di rilascio: - Fixed screenshot again.
Note di rilascio: Added checks to avoid repainting when enabling fixed time frame option.
Note di rilascio: Clean up some lines of code to make it easier to read (hopefully)
Note di rilascio: Clean up some more code and fix the screenshot so it shows the system and not some other analyses.
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

Hi Piriya,

Great work! Thanks for sharing!

I checked it on chart, but confused on yellow and red candle conditions.
Can you please explain on what condition the candle will be yellow? and what condition to be red?

Thanks
+55 Rispondi
piriya33 miaomiao18
@miaomiao18, Those are to be used in conjunction with other systems, ie. I had my market making bot switch biases and change overall risk level when the color changes.
But for vanilla use, you'll want to stick to just green and red.
Rispondi
How to scan SET with action zone?
+35 Rispondi
piriya33 suparlerk
@suparlerk, You can't, Tradingview does not have scanning capabilities yet, you can workaround by screening for MACD level crossing 0 in the screener.
Rispondi
download โปรแกรมลง โน็ตบุคทางไหนคะ
+26 Rispondi
piriya33 Leetoajeng
@Leetoajeng, You can view the chart in your browser krub
Rispondi
I trade action zones, but only when a bar closed above or below of it. I don't get how to interpret the color of the bars. There are green, yellow orange (long bias) there are red, blue, aqua (sell bias). So according to this if why to put different color depending the bias? Could you explain this? thank you!!
+11 Rispondi
ช่วยเพิ่มขนาดของ buy sell signal ด้วยครับ ใส่กราฟแล้วเล็กมากมองไม่เห็นเลย
+7 Rispondi
piriya33 thannavad132
@thannavad132, Will try adding an option for that in the next update
+1 Rispondi
能直接发出来下载么,代码复制过去,无法启动,mt4
+3 Rispondi