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Vin's Playzone Strategy

How it works
Playzone 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

How to use
The basic method for using Playzone is to follow the green/red color.
Buy when bar closes in green.
Sell when bar closes in red.
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 Yellow-Green 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
change the bias to short when actionzone turns to te bearish side(red)
(Look at colors on a larger time frame)

"We let the market tell us what to do, Not to outguess what the market gonna do."
Notas de prensa: Update setting title and use EMA 120 instead of 100.
Notas de prensa: More Setting.
Notas de prensa: Config.
Notas de prensa: add condition and use EMA 120 for confirmed trend.
Notas de prensa: config more.
Notas de prensa: add alert message
Notas de prensa: Fixed Text
Notas de prensa: Config condition.
Notas de prensa: update
Notas de prensa: More smoothly
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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