Summary of Killzone ACD Fisher Indicator in TradingView - Free - [TF Lab]
The video tutorial explains the Killzone ACD Fisher Indicator available on TradingView, focusing on how to use it effectively for trading by leveraging Kill Zone Ranges and the ACD structure.
Main Financial Strategies and Market Analyses Presented:
- Kill Zone Ranges Identification: The indicator displays colored boxes on the chart that mark Kill Zone Ranges for three different time frames (Asian, London, and New York sessions).
- Trend Confirmation and Trade Entry:
- When price moves above a certain level (e.g., above 30), it confirms an uptrend, signaling a potential Buy trade.
- Conversely, price consolidation below a level signals a downtrend, indicating a potential Sell trade.
- Risk Management: Traders are advised to set stop losses at the Kill Zone field level and use a risk-reward ratio of 1:1 or better (examples showed 1:1 and 1.5:1).
- Market Trend Table: A table on the chart shows the market trend in daily and future time frames, helping traders to align their trades with the overall market direction.
Indicator Features and Customization Options:
- Atomic Option: Enables quick access and easy addition of indicators.
- Volume and Price Movement Info: Displays trading volume and price movement within the Kill Zone.
- Range Settings: Default range set to 3, adjustable.
- Session Displays: Options to enable/disable and customize the Asian, London, and New York sessions’ Kill Zone displays, including color, opening/closing times, and duration.
- ACD Settings: Adjust the ACD indicator parameters for each session, including Wilmot and obedient sell players (risk parameters), with the ability to modify amounts and percentages.
- Visual Customization: Font colors, box displays for the last 5 days, and other visual elements can be tailored to user preferences.
Step-by-Step Guide to Using the Indicator:
- Search and select the Killzone ACD Fisher Indicator in TradingView’s indicators section.
- Enable the atomic option for quicker access.
- Observe the colored Kill Zone boxes on the chart for Asian, London, and New York sessions.
- Use the Kill Zone Ranges combined with ACD structure to identify trade entry points:
- Enter Buy trades when price stabilizes above the threshold (e.g., 30).
- Enter Sell trades when price consolidates below the threshold.
- Set stop loss at the Kill Zone field level.
- Use a risk-reward ratio of at least 1:1.
- Customize session times, colors, and indicator parameters in the settings menu.
- Monitor the market trend table for confirmation of overall trend direction.
Presenters / Sources:
- The tutorial is presented by TF Lab (as indicated in the video title).
- No specific individual presenter is named in the subtitles.
Notable Quotes
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Category
Business and Finance