BUY ZONE FOR DUMMIES INDICATOR

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meirk
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More Questions: Buy Zone and SM Trend in Radar Screen

Postby meirk » Mon Nov 03, 2008 10:22 pm

1. buy zone
a. What is the meaning of the candle column and the Dlt C-C(1) column ?
b. What is the meaning of the various phrase in e BuyZone column (like: above 0.2200, X ShTOP MA5,BUY 0.0400, Wait -0.0200, BELOW 0.3600, X open0.1000) ?

2. SM Trend
What is the meaning of the + - = marks in combination of a color (red, green and yellow), and of the "down" and "up" ?

Thanks

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 04, 2008 1:58 am

Anja102565 wrote:Hi guys
Is the Buy Zone exclusively for Forex or can it be used for Futures?
Thanks


The Buy Zone can be used for anything.

Look for the eminis thread about the buy zone.

But you have to run statistics to know where to place the lines.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: More Questions: Buy Zone and SM Trend in Radar Screen

Postby TheRumpledOne » Tue Nov 04, 2008 2:02 am

1. buy zone
a. What is the meaning of the candle column and the Dlt C-C(1) column ?

candle column shows the color of the candle

c-c(1) is the difference of the current price and the close of the last bar


b. What is the meaning of the various phrase in e BuyZone column (like: above 0.2200, X ShTOP MA5,BUY 0.0400, Wait -0.0200, BELOW 0.3600, X open0.1000) ?


above .2200 means above the zone by .2200

xShTOP means price crossing the short top line

Buy means price in buy zone and .04 above it

Wait means price between long and short zone

Below means price below short zone



2. SM Trend
What is the meaning of the + - = marks in combination of a color (red, green and yellow), and of the "down" and "up" ?

"+" means the ema is rising and green means price above the ema

"-" means the ema is falling and red means price below the ema.



Thanks

You're welcome
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby meirk » Tue Nov 04, 2008 7:53 am

Thank a lot TRO.

Can you help me with the my earlier post:
1. How can I find what is the last and newer version of any Indicator?
2. If I use TradeStation 8.3, and trade only equities (not Forex), are the Indicators suitable?
3. I use TRO Buy Zone and the lines disappear and don't remain on the display. Why?
4. I want to know if the TRO Dinamic range is suitable to me. becuase I read that it is for Forex.

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Postby TheRumpledOne » Tue Nov 04, 2008 11:48 am

1. There is no way.

2. Some are.

3. Because the version you are using uses trendlines and not plots. Use a different version.

4. TRO DYNAMIC RANGE works for all instruments.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby meirk » Tue Nov 04, 2008 11:53 am

Thanks TRO

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Postby Anja102565 » Tue Nov 04, 2008 9:47 pm

Thank you very much for answering my questions!

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Postby Mo » Wed Nov 05, 2008 2:19 am

Thanks Meirk, I thought I post this for future reference.

Tradestation users using the TRO_buyZone, uncheck Update value intra-bar(tick-by-tick) under the General tab.... this will fix it from disappearing.

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Thanks for your indicators

Postby prasath2008 » Tue Nov 18, 2008 3:59 pm

hi i downloded the indicators which you sent and out of that some i put in my chart and attached here. if anything extra i have to add or this much is enough, kindly let me know

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Buy Zone PDFs

Postby Cooltrade » Sat Jan 10, 2009 10:31 pm

Hi Guys,
Just a quick one for you:-

I am going to donate when I can afford to, for the Buy Zone indicator.
For now I'm reading the manuals found in this forum.

My question is, are the 'Free version' manuals applicable to the............less than free versions or are there 2 sets of manuals?

Cheers

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