Zen Trading Tech

1. Intro
2. Indicator 1:
3. Video
   1. Key Features:
4. Comparing Stop Orders and Limit Orders

Intro

• This indicator is to help traders gain an introduction to limit-order techniques, useful in non-trending environments including trading ranges
• Best to start with a foundation of stop-entry orders first!
• One of the 3 types of orders for trading
• There Limit Order trades are only:
  • Buying below strong bull bars
  • Selling above strong bear bars

Indicator 1:

Instructions

• Link to download is here:

https://www.tradingview.com/script/WMHrNPU8-Zen-LMT-Entry-v1/

Video

• I made a video on this here:

Key Features:

• Bullish and Bearish Bar Detection: Automatically identifies key bullish and bearish bars, offering limit order signals for research and trading.
• Internal Bar Strength (IBS) Thresholds: Customizable IBS thresholds provide dynamic entry adjustments. Fine-tune this to match the market’s momentum and stay on top of every opportunity.
• Entry Line Drawing: As soon as a qualifying bar is detected, the LMT Entry v1 draws buy and sell lines — buy lines just below bullish bars and sell lines just above bearish bars — guiding you on exactly where to place your limit orders.
• Ignore Inside Bars Feature: Avoid getting caught in consolidations. The ‘Ignore Inside Bars’ switch helps filter out signals from inside bars, ensuring only the cleanest entries make the cut.
• Customizable Settings: Control the line length, thickness, and sensitivity of inside bar detection to suit your specific trading style and the market you’re in.

Comparing Stop Orders and Limit Orders

• On this chart see the LEFT chart has STOP-ORDER trade indicator and the RIGHT chart has LIMIT-ORDER trade indicator

• Stop order trades work and limit-order fades fail
• Limit-order trades work
• Stop-order trades fade
• Reversal – other side stop-order trades work