Cdcactionzone
Combo Ichimoku + CDC Action Zone by fukuizThis indicator combines the famous indicators Ichimoku and CDC ActionZone.
#A brief introduction to Ichimoku #
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
#A brief introduction to CDC ActionZone #
CDC ActionZone is a very simple system, utilizing just two exponential moving averages. The 'zones' in which different 'actions' should be taken are highlighted in different colors. Calculations for the zones
They are based on the relative position of price to the two EMA lines and the relationship between the two EMAs.
The CDC ActionZone was developed by Piriya333, a Thai technical analyst.
#How to use #
The basic method for using Ichimoku+CDC ActionZone is to follow the green/red color and the cloud.
Buy condition
-Buy when the bar closes in green and closes above the cloud
Sell condition
-sell when the bar closes in red.
AZ Column ColorThis indicator is based on ema cross-over (12,26).
In Thailand, the ema 12,26 Cross over is well known as the CDC-ACTION ZONE indicator.
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The definition of a bullish trend in this indicator is when the fast ema crosses up the slow ema .
The definition of a bearish trend is when the fast ema crosses down the slow ema .
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When fast ema is over slow ema the column will show in a green column and when fast ema is below slow ema the column will show in a red column.
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I have made this indicator for use with CDC-ACTION ZONE.
CDC ActionZone Multi-TF,Mult-Ticker with alert() [P-O-Concept]This is proof-of-concept for using single screen displaying triggering signal of multiple stock/crypto
This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
1. Original CDC Action Zone v3 2020 by © piriya33
Source of original indicator :
2. Table concept/part of code is pulled from Portfolio Tracker
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CDC Action Zone is based on a simple EMA crossover between EMA12 and EMA26
The zones are defined by the relative position of price in relation to the two EMA lines
Different zones can be use to activate / deactivate other trading strategies
The strategy can also be used on its own with acceptable result, buy on the first green candle
and sell on the first red candle
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Hint Color Meaning :
Green = FastMA > SlowMA and Price is above FastMA
Blue = FastMA < SlowMA and Price is above both MA
LightBlue = FastMA < SlowMA and Price is between both MA
Red = FastMA < SlowMA and Price is below FastMA
Orange = FastMA > SlowMA and Price is below both MA
Yellow = FastMA > SlowMA and Price is between both MA
Blue/LightBlue/Orange/Yellow should be used with another indicator (such as divergent or so)
Cautions:
- This indicator is not meant to be used as "Signal" or "Trading System"
- This indicator provide a quick-glimpse to multiple ticker in same screen. You'll still have to see indications using original CDC Action Zone (If you're using with CDC System), or combining with another indicator (For shorter tf or scalping, or short/long cover)
- Up to 10 Tickers / Timeframe + Current ticker
Alert Creation Guideline
If this indicator will be used as alert. The timeframe for ticker should be set to "same as" the chart you're using, ie, to set alert on 4h, it should be created in 4h-timeframe (Alert is fired on bar close, using 1D-TABLE in 4H-CHART may trigger alert up to 6 times. else if using in 4H-TABLE in 1D-CHART the alert may not trigger at all)
Considering using ohlc4, hlc3, hl2 for market with no session
PS. Send me a message if you see any bug. (especially if using JSON, I have no chance to test with multiple alert at same tick.)
