Zone indicator is a price action indicator that draws levels of Support and resistance on the chart with precision and these levels are important because the price often has a reaction when it touches them. Therefore it is very important to configure this indicator because it offers excellent operational indications with a lot of precision.
Setup Strategy
Time Frame 15 min or higher
Currency pairs : Majors, minrs, Gold, Indices.
MT4 indicators
Zone Indicator 2 time frame higher than the base time frame.
Binary Code
Symbol Changer
3 Z level semphore
Zig Zag arrow.
Trading rules
The most important and expected event of the trading system is that the price has to bounce two levels drawn by the zone indicator.
Long Entry
Price
bounces off the support.
Buy arrow of Binary Code.
Short Entry
Price
bounces off the resistance.
Sell arrow of Binary Code.
Exit position
Place initial stop loss above below the zone.
Profit Target ratio 1:1.3 stop loss of before the opposite level.
Download link
https://drive.google.com/drive/folders/1-uC1jQoq8LyyqNn_A9aMz3HMPMogDSF3?usp=sharing
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