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Zippo Traffic v3
Zippo Traffic v3
Zippo Traffic v3 is an advanced trend-following system that analyzes price movements to determine market direction. Not only does it generate buy and sell signals, but it also highlights uncertain market periods with yellow bars, signaling when new positions should not be opened.
How It Works
This system operates on a traffic light principle:
🟡 Yellow Bars: Indicate market uncertainty – refrain from opening new positions and exercise caution if you are already in a trade.
🟢 Green Bars: Signal a Long/Buy – indicating an uptrend.
🔴 Red Bars: Signal a Short/Sell – indicating a downtrend.
The Alligator (3 EMA) parameters (JawLen, TeethLen, LipsLen) are the only inputs that users can modify; all other technical indicators and calculations are fixed. This minimizes the risk of over-optimization and false signals, preserving the system’s core methodology.
Key Features
Neutral Zones: Unlike conventional trend-following indicators that only provide buy and sell signals, this indicator also identifies neutral areas (yellow bars) in the market.
Momentum + Trend Analysis: It combines multiple criteria to more accurately analyze the market direction.
Standard Price Data: All calculations are based on standard OHLC values. While Heikin Ashi or other candlestick styles may be used solely for enhanced visual clarity, they do not affect signal generation.
How to Use
🟢 Green Bars: Indicate a strong uptrend (Long).
🔴 Red Bars: Indicate a downtrend (Short).
🟡 Yellow Bars: Represent uncertain market conditions; avoid opening new positions during these periods.
Timeframe and Usage Recommendations
Signal quality may be poor in low-volume or illiquid securities.
For optimal results, it is recommended to use timeframes of 30 minutes or higher.
It has proven particularly effective on 4-hour, 8-hour, and daily charts.
Although it can be applied to shorter timeframes, increased price volatility may reduce signal accuracy.
Important Notice
This indicator is developed solely for technical analysis purposes and does not constitute investment advice. Market conditions can change rapidly— even a single candle can break through support or resistance levels. Yellow bars indicate that you should close your existing position and wait, or monitor for trend clarification, but do not necessarily signal an imminent trend reversal. All investment decisions should be made based on your own research and risk management strategies.
Zippo Traffic v3 is an advanced trend-following system that analyzes price movements to determine market direction. Not only does it generate buy and sell signals, but it also highlights uncertain market periods with yellow bars, signaling when new positions should not be opened.
How It Works
This system operates on a traffic light principle:
🟡 Yellow Bars: Indicate market uncertainty – refrain from opening new positions and exercise caution if you are already in a trade.
🟢 Green Bars: Signal a Long/Buy – indicating an uptrend.
🔴 Red Bars: Signal a Short/Sell – indicating a downtrend.
The Alligator (3 EMA) parameters (JawLen, TeethLen, LipsLen) are the only inputs that users can modify; all other technical indicators and calculations are fixed. This minimizes the risk of over-optimization and false signals, preserving the system’s core methodology.
Key Features
Neutral Zones: Unlike conventional trend-following indicators that only provide buy and sell signals, this indicator also identifies neutral areas (yellow bars) in the market.
Momentum + Trend Analysis: It combines multiple criteria to more accurately analyze the market direction.
Standard Price Data: All calculations are based on standard OHLC values. While Heikin Ashi or other candlestick styles may be used solely for enhanced visual clarity, they do not affect signal generation.
How to Use
🟢 Green Bars: Indicate a strong uptrend (Long).
🔴 Red Bars: Indicate a downtrend (Short).
🟡 Yellow Bars: Represent uncertain market conditions; avoid opening new positions during these periods.
Timeframe and Usage Recommendations
Signal quality may be poor in low-volume or illiquid securities.
For optimal results, it is recommended to use timeframes of 30 minutes or higher.
It has proven particularly effective on 4-hour, 8-hour, and daily charts.
Although it can be applied to shorter timeframes, increased price volatility may reduce signal accuracy.
Important Notice
This indicator is developed solely for technical analysis purposes and does not constitute investment advice. Market conditions can change rapidly— even a single candle can break through support or resistance levels. Yellow bars indicate that you should close your existing position and wait, or monitor for trend clarification, but do not necessarily signal an imminent trend reversal. All investment decisions should be made based on your own research and risk management strategies.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.