This indicator is based on the margin requirements of the CME exchange. Zones act as support and resistance levels, which are more likely to have a price reaction. The recommended zones for entering a position, as well as taking profits, are zones 50 and 100. For example, you decide to open a short position on the +100 zone, in which case it is recommended to...
Shows the Margin Pressure Zones for longs and shorts Longs & Shorts based on 2 Base prices to be configured by you. For definition of "Margin Pressure Zones" see: www.investopedia.com
Extended version of MZE script. This indicator can be set up for 5 different tickers, so you can fill up your favourite tikers as fixed and switch between them without changing settings options of Tick Count, Margin and POC Using option "Show default Zones if not Matched" - you can set up default options, switching off "Show default Zones if not Matched" - will...