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PREMIUM TRADE ZONES - [EntryLab]
Premium Trade Zones is a channel-based indicator designed to highlight potential high-probability areas for considering long and short trades, as well as ideal zones for taking profits. It uses dynamic channels to identify when price may be overextended (overbought or oversold), providing visual confluence for trade decisions.
Key Features are the Purple & Blue Channels: These represent the core overbought (upper/purple) and oversold (lower/blue) zones. Price entering or reacting at these levels often signals potential reversals or exhaustion.
Upper & Lower Channels: Serve as dynamic support/resistance levels. Use them as added confluence for: Entry points (long near lower channel in uptrends, short near upper in downtrends).
Profit-taking areas (scale out or exit when price reaches the opposing channel).
The oscillator component helps gauge momentum strength and when price deviates significantly into extreme zones.
How to Use Overbought/Oversold Insight:
Watch for price pushing into the purple channel (potential overbought → consider shorts or profit on longs) or blue channel (potential oversold → consider longs or profit on shorts). Reactions at these levels can offer good insight into mean reversion or continuation pauses.
Trade Entries — Look for confluence: e.g., price bouncing off the lower channel + bullish momentum on the oscillator = stronger case for long. Reverse for shorts at upper channel.
Profit Taking — Use the opposite channel as a target zone to take partial or full profits. For example, take some profit near the upper channel on a long trade.
General Tip — Combine with your existing trend analysis, support/resistance, or other indicators for better context. This tool works best as confluence rather than a standalone signal.
This indicator does not repaint and aims to provide clear, visual zones to simplify decision-making on entries, exits, and risk management. Always use proper risk management—trading involves risk.Feel free to adjust settings like channel sensitivity (if your inputs allow) to match different timeframes or assets.
Key Features are the Purple & Blue Channels: These represent the core overbought (upper/purple) and oversold (lower/blue) zones. Price entering or reacting at these levels often signals potential reversals or exhaustion.
Upper & Lower Channels: Serve as dynamic support/resistance levels. Use them as added confluence for: Entry points (long near lower channel in uptrends, short near upper in downtrends).
Profit-taking areas (scale out or exit when price reaches the opposing channel).
The oscillator component helps gauge momentum strength and when price deviates significantly into extreme zones.
How to Use Overbought/Oversold Insight:
Watch for price pushing into the purple channel (potential overbought → consider shorts or profit on longs) or blue channel (potential oversold → consider longs or profit on shorts). Reactions at these levels can offer good insight into mean reversion or continuation pauses.
Trade Entries — Look for confluence: e.g., price bouncing off the lower channel + bullish momentum on the oscillator = stronger case for long. Reverse for shorts at upper channel.
Profit Taking — Use the opposite channel as a target zone to take partial or full profits. For example, take some profit near the upper channel on a long trade.
General Tip — Combine with your existing trend analysis, support/resistance, or other indicators for better context. This tool works best as confluence rather than a standalone signal.
This indicator does not repaint and aims to provide clear, visual zones to simplify decision-making on entries, exits, and risk management. Always use proper risk management—trading involves risk.Feel free to adjust settings like channel sensitivity (if your inputs allow) to match different timeframes or assets.
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Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.