Zen Trading Tech

Intro

• This is an indicator to help traders research where stop entries are located
• It is a foundational skill for trading
• A clear way ot determine whether a trend or a trading range is in progress is whether these are working or not

Indicator

• Here is a free indicator to research stop entries
• Link below:
• https://www.tradingview.com/script/K0Un8CeQ-Zen-Stop-Order-Entry-v1/

Key Features:

• Bullish & Bearish Breakouts: Detects when the current bar exceeds the previous high or falls below the previous low, validating entries based on the prior bar.
• Good Close Filter: Ensures breakouts only occur when the prior bar closes in the top or bottom 25%. You can adjust how you like.
• Ignore Inside Bars Option: Customize your signals by excluding inside bars to improve hit rate. You will miss some moves.
• Customizable Line Length & Width: Adjust the appearance of breakout lines for enhanced visibility.

How to Use:

1. Add Zen STP Entry v1 to your chart.
2. Set your preferences.
3. Watch for breakout signals to inform your trading decisions.