VMA Zones charts an upper and lower region on your chart using the VMA indicator. VMA (Variable Moving Average) adjusts to low volatility and high volatility periods automatically, by using the CMO for calculations.
You can use the VMA Zones as a "Kill Zone" (don't trade inside the zone), or you can use it as a trigger or confirmation when to enter or exit a trade.
You can go long once a full bar has closed above the upper line, and go short once a full bar closes below the lower line.
In the picture, this indicator is the shaded yellow zone on the top panel.
February 24th, 2014 02:46 PM billymac48 Zones are colored grey on my chart.
you must make your chart background
something OTHER than grey to show up.
Cannot find an option to choose colors for zones.
April 15th, 2010 09:53 PM stockdisk Thanks was looking for this indicator.for those who don't see any thing on charts there are entries for zones like 1a &
1b enter starting pt say 1210 at 1a and ending of zone say 1212 at 1b.
January 29th, 2010 01:02 PM zacharydw00 I created & posted a selectable colored ind. called ConfluenceZones on NT's download forum. Written using NT 6.5, will p
robably work in NT 7.
January 12th, 2010 02:58 PM whoisthere48 This ColoredZones does not show up on any of my charts. I would like to use it if I could make it show up like in the e
xample.
January 11th, 2010 02:49 AM lolu This indy doesn't plot on my 5m chart. Can you provide/post a template ?