Intelligent Zones (Expo)Intelligent Zones - (Expo)
DESCRIPTION
Intelligent zones is a real-time based indicator that creates colored zones that can act as support or resistance levels. These zones that are painted on the graph are important levels that the future price will react too.
Generally, strategy:
--> If the price crosses up from the cloud it can be considered as a positive “breakout” and the price will most probably continue in that direction.
--> If the price crosses down from the cloud it can be considered as negative “breakout” and the price will most probably continue in that direction.
--> If the price is above the black line it can be considered as positive sentiment, and if the price is below the black line it can be considered as a negative sentiment.
--> The indicator comes in 2 versions. The main difference is how the intelligent cloud is calculated. Sensitive or not.
HOW TO USE
1. Use the indicator to identify real-time market zones.
2. Use the indicator to visualize breakouts.
INDICATOR IN ACTION
The indicator is best presented live, the graphs below are a good guide.
EURUSD
BTCUSD
BRENT
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Intelligence
Intelligent Moving AverageFor 4 simple moving averages, the script tests every single combination for maximum profitability and finds the best pair.
Combinations:
sma1 and sma2,
sma1 and sma3,
sma1 and sma4,
sma2 and sma3,
sma2 and sma4,
sma3 and sma4
And then paint the pair which get best performance. sma lengths are optional, so you can change lengths as you wish.
You will see in some charts that for example sma1 and sma2 pair was best perfrmance and colored on the chart but then sma2 and sma3 pair got better performance, so script starts to paint sma2 and sma3. so it's dynamic based on best performance.
keep in mind => length1 < length2 < length3 < length4 will be better
I didn't have enough time to test the script, so please comment when you test it.
by LonesomeTheBlue
