Zone Trade Indicator

Platform: MT4 Type: Momentum

Last update: September 24, 2024

The Zone Trade is a forex indicator that uses momentum, acceleration and price confirmation for the color of candles.

This approach of trading was first mentioned by Bill Williams and he calls it trading in the zone.

There are three types of trade zones:

Buy Zone – a candle is green and you can go aggressive with long trading
Sell Zone – a candle is red and you can go aggressive with short trading
Neutral Zone – a candle is gray and you should hold trading until the time is right