PP Dynamic Zones

BANKNIFTY

So I Came Across the Dynamic Zones Trading System for 20K INR along with Basic course for stock market.

So I decided to Code it. This is only Version 1, I would like this system available for all and also would like to protect the source code for my study purpose and to enhance further versions with Many features like CPR, Automatic Support and resistance area,
Price action range during Market hours and some plans for Version 2 of the indicator for the Trading Community, and I ask for your feedback on anything you find.



What is Dynamic Zones?

Dynamic Zones are nothing but Support and Resistance Zones Calculated from the range of opening price and Close price for past 10 days.


How it will be useful in charts and What time Frame?

Dynamic Zone can be used in all time frame , it will act as support and resistance.


Daily Zone

Wider the Daily zone wider the resistance or support. if Daily Zone are narrow then most of the time it will be trending Day.



Weekly Zone

Weekly Zone is stronger than Daily , When Daily and Weekly Zone overlap Stronger the resistance or Support.



Monthly Zone

Monthly Zone is used when we are working on Swing Trading setup on a Daily Chart than intraday Chart.



Hope you all enjoy this system and get benefited.