GMS: Mr. Yen's Color Zone — Indicator by GlobalMarketSignals

volatility trendanalysis meanreversion mes es

This is Mr. Yen's color zone. I have also added an input to adjust the sizes of each box. Mainly targeted for MES and ES.

The default settings are as he describes:

white line is the previous day close
red zone = +/- 20 from the previous day close
yellow zone = +/- 40 from the previous day close
green zone = +/- 60 from the previous day close
blue zone = +/- 100 from the previous day close

The source code is open, so feel free to take a look and see whats up. This indicator is quite similar to his, however there is a gap at the cash close to overnight open on his chart that I'm not sure how to adjust for. In any case, this one is still pretty good!

I hope it helps,

Andre

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