allanster

How To Use Dynamic Zones

Example of how to apply and use Dynamic Zones with an indicator by injecting it's source into my adaptation of the original idea by Leo Zamansky, Ph .D., and David Stendahl.

• Load your desired oscillating indicator on your chart ( CCI , RSI , etc).

• Load my "How To Use Dynamic Zones" indicator on your chart.

• In the "How To Use Dynamic Zones" indicator settings choose your desired oscillating indicator as the Oscillator Source.

You will now have dynamic overbought and oversold levels. I have also included alerts which may be used to indicate when these conditions occur.

If desired you may repeat the above process by loading additional indicators along with additional copies of my indicator to use with each oscillator.

Oscillator Source: CLOSE uses your chosen indicator as a source or you may use price as a source
Sample Length: 70 uses number of previous values for evaluating
Hi is Above X% of Sample: 88 sets overbought zone
Lo is Below X% of Sample: 88 sets oversold zone

The simplest explanation of what these default settings are doing is that they take 70 previous values of your chosen indicator, then create an overbought level that is above 88% of those previous values and an oversold level that is below 88% of those previous values. As new bars form the levels are dynamically reevaluated and updated.

---
"This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading levels. However, these oscillator driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem.

Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system."

Reference: Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph .D., and David Stendahl

---
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
ลบออกจากสคริปส์โปรด เพิ่มเข้าไปในสคริปส์โปรด
If you find something useful enough that you would like to buy me a refreshing beverage :)...

LTC (preferred): LTDaAe7nPzbpBhZVT9o5f9f8M3aZSPa46Y

BTC: 13LhkeXBYrRomVAqbXcoLXHuqMk6Mf7G6N

Really like this one, thanks for the good share...works great on price too, added it to the Keltner Channel.
ตอบกลับ
allanster kocurekc
@kocurekc, glad you like, looks nice!
ตอบกลับ
great man doing perfect things as usual
ตอบกลับ
allanster hngnaba76
@hngnaba76, nah I make plenty of mistakes but do strive to be correct, much appreciated
ตอบกลับ
Great stuff as usual !
ตอบกลับ
allanster TheCryptoBot
@TheCryptoBot, thanks for your support, and great to hear from you
ตอบกลับ
Good one! Thanks for sharing
ตอบกลับ
@pjay, thanks for your kind words, appreciated
ตอบกลับ
หน้าแรก ตัวช่วยคัดกรองหุ้น ตัวคัดกรองฟอเร็กซ์ ตัวคัดกรองคริปโต ปฏิทินเศรษฐกิจ มันทำงานได้อย่างไร ข้อมูลสำคัญของชาร์ต ราคา กฎของบ้าน ผู้ดูแลการใช้งาน เว็บไซต์ & โบรกเกอร์ โซลูชั่น วิดเจ็ต โซลูชั่นชาร์ต ศูนย์ช่วยเหลือ คำร้องขอเพิ่มเติมลักษณะและบริการ บล็อก & ข่าว คำถามที่พบบ่อย วิกิ Twitter
ข้อมูลส่วนตัว ตั้งค่าประวัติ บัญชีและการเรียกเก็บเงิน เหรียญ TradingView ตั๋วการขอความสนับสนุนของฉัน ศูนย์ช่วยเหลือ ไอเดียที่ถูกตีพิมพ์ ผู้ติดตาม กำลังติดตาม ข้อความส่วนตัว แชท ออกจากระบบ