## CDC ActionZone V3 2020 ##
This is an update to my earlier script, CDC ActionZone V2
The two scripts works slightly differently with V3 reacting slightly faster.
The main update is focused around conforming the standard to Pine Script V4.
## How it works ##
ActionZone is a very simple system, utilizing just two exponential moving
averages. The 'Zones' in...
CDC Actionzone V2 is a simple 2MA system with small modification.
There are 4 Action Zones:
Green : Buy
Red : Sell
Blue : Prebuy - use with other indicators (eg. RSI Divergence) to comfirm.
Yellow : Presell - use with other indicators (eg. RSI Divergence) to comfirm.
Buy signalafter presell can be used for pyramiding in an vice-versa.
CDC ATR Trailing Stop V2.1
The indicator / system was developed a few years ago.
Contains two ATR trailing stop lines, fast and slow.
The slow ATR SL line is the same as the one in a normal ATR trailing stop loss indicator.
The fast one is created to generate buy/sell signals
To use the signals, activate them from the indicator's settings (gear icon next to...
An updated version of CDC RSI Divergence
The last version have fixed reversal amount to weed out false signal.
The reversal amount, however, needs to be calibrated to different chart.
The new one uses ATR instead, user can customize the ATR multiplier.
THIS IS NOT A TRADING SIGNAL SYSTEM
though it can be used in such a way it is not designed to.
Same coding only coloring and information panel was added.
CDC ATR Trailing Stop V2.1 (2013)
Green = Trail1 > Trail2 and close > Trail2 and low > Trail2
Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2
Red = Trail2 > Trail1 and close < Trail2 and high < Trail2
ATR is an indicator that has been removed and replaced with a moving average.Bar colors and infopanel have been added.
Green = ExMov > Most and close > Most and low > Most
Blue = ExMov > Most and close > Most and low < Most
Red = Most > ExMov and close < Most and high < Most
Yellow = Most > ExMov and close < Most and high > Most
//It gives White color...
This script alerts when a bullish or bearish divergence occurs.
The alert have minor repainting so do not use this as an entry / exit signal
but rather a guideline to be considered with other indicators. (MACD for example)