Noro's ZZ-4 Strategy
Indicator by Noro
The Price Channel indicator is used.
Used OHLC4 to calculate the values of the Price Channel indicator.
Red lines are drawn from the lower boundary of the price channel.
Lime lines are drawn from the upper boundary of the price channel.
Trading
You need to use market stop orders.
If the price is higher than the lime line, open the long position (and close the short position)
If the price is lower than the red line, open the short position (and close the long position)
The Price Channel indicator is used.
Used OHLC4 to calculate the values of the Price Channel indicator.
Red lines are drawn from the lower boundary of the price channel.
Lime lines are drawn from the upper boundary of the price channel.
Trading
You need to use market stop orders.
If the price is higher than the lime line, open the long position (and close the short position)
If the price is lower than the red line, open the short position (and close the long position)
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