FearZone is strategy described in the book (Swedish):
"Framgångsrik Aktiehandel" by: Peter Nilsson, Jonny Torsell, Johan Hellström
Idea: FearZone tries to indicate when a stock has fallen to a level where
fear, instead of common sense, control the further development.
It is only intended for (very) short trades.
Suggestion: Enter a trade (at your own risk) when all columns are green.
Exit as soon as profit is made, but no longer than 5 periods has lasted.
"Framgångsrik Aktiehandel" by: Peter Nilsson, Jonny Torsell, Johan Hellström
Idea: FearZone tries to indicate when a stock has fallen to a level where
fear, instead of common sense, control the further development.
It is only intended for (very) short trades.
Suggestion: Enter a trade (at your own risk) when all columns are green.
Exit as soon as profit is made, but no longer than 5 periods has lasted.
Release Notes
New version contains one new Signal Indicator, the "Ricochet Zone".Each of the triggering Signal Indicators now have distinctive colors in order
to make it easier to see which is which.
The Panel now consists of the following rows:
1. FZ1 indicator (lime)
2. FZ2 indicator (lime)
3. Impulse down 10% (blue)
4. In Ricochet zone (yellow)
5. Magic-K1 (white)
4. Above MA-200 (lime)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.