CZ's Hybrid Indicator

6月23日

CZ's Hybrid Indicator is designed to provide traders with key support and resistance levels, buy and sell signals, and trend analysis.

Functions and Usage:
Support and Resistance Calculation:

The indicator calculates support and resistance levels using the lowest and highest prices over a specified period (srLength), defaulted to 20 bars.
Usage: These levels help traders identify potential price reversal points.
Buy and Sell Levels Calculation:

Similar to support and resistance, buy and sell levels are calculated using the lowest and highest prices over a specified period (bsLength), defaulted to 20 bars.
Usage: These levels can be used to identify potential entry and exit points for trades.
Plotting Levels:

Support and resistance levels are plotted in green and red, respectively, with a specified offset to align them with the price bars.
Buy and sell levels are also plotted in green and red, with a smaller offset for immediate identification.
Usage: Visual aids on the chart for easy recognition of key levels.
EMA 200:

An Exponential Moving Average (EMA) over 200 bars is calculated and plotted, changing color based on whether the current price is above (green) or below (red) the EMA.
Usage: EMA 200 is a common trend-following indicator, helping traders determine the overall trend direction.
Trend Signal:

A trend signal is calculated using an EMA over a user-defined period (trend Length), defaulted to 50 bars. The trend is identified as either "Uptrend" or "Downtrend".
Usage: Helps traders understand the prevailing market trend.
Filling Areas:

The script fills the area between support and buy levels and resistance and sell levels with colors indicating the trend direction.
Usage: Enhances visual interpretation of support/resistance and buy/sell levels relative to the trend.
Buy and Sell Signals:

The script generates buy and sell signals when the price crosses the support/resistance or buy/sell levels.
Usage: Alerts traders to potential trading opportunities.
Labels for Trend Signal:

Labels indicating "Uptrend" or "Downtrend" are displayed on the chart based on the trend signal.
Usage: Provides clear trend information on the chart.
Trade Levels:

The script calculates and displays stop-loss, entry, and multiple take-profit levels for buy and sell signals.
Usage: Assists traders in setting up their trades with predefined risk management levels.
Alerts:

Alerts are set up for buy and sell signals, allowing traders to receive notifications when certain conditions are met.
Usage: Keeps traders informed of potential trading signals even when not actively monitoring the chart.

7月3日

リリースノート

The "CZ Indicator with Heikin Ashi" is a versatile script designed to help traders analyze the market using a combination of Heikin Ashi candles, support and resistance levels, buy and sell signals, EMA, trend signals, and trade level labels. Here’s a detailed explanation of how to use this indicator:

Features and Usage:
Heikin Ashi Candles:

The script calculates Heikin Ashi candles and allows you to turn them on or off using the Show Heikin Ashi Candles switch in the input settings.
When turned on, Heikin Ashi candles are plotted on the chart, providing a smoothed view of price movements.
Support and Resistance Levels:

The script calculates support and resistance levels based on a specified length (default is 20).
These levels are plotted on the chart as white lines, providing key areas where the price might find support or resistance.
Buy and Sell Levels:

Similar to support and resistance levels, buy and sell levels are calculated and plotted based on a specified length.
Buy levels are shown in green, and sell levels are shown in red, indicating potential entry points for long and short trades.
EMA 200:

The script includes a 200-period Exponential Moving Average (EMA), which changes color based on the price's position relative to the EMA (yellow for above, red for below).
Trend Signal:

A trend signal is calculated using a specified length (default is 50) EMA.
The trend is classified as "Uptrend" if the close is above the EMA and "Downtrend" if below.
Buy and Sell Signals:

The script generates buy signals when the price crosses above the buy level and sell signals when it crosses below the sell level.
These signals are plotted on the chart with labels indicating "Buy" or "Sell".
Trade Levels:

The script calculates stop-loss, entry, and four take-profit levels for both buy and sell signals.
These levels are plotted as labels 15 bars to the right of the latest candle, providing clear trade management levels.
The Show Stop Loss, Entry, Take Profits switch allows you to turn these labels on or off.
Alerts:

Alerts are set up to trigger when there is a buy or sell signal, notifying you when the price crosses key levels.