Indicator Bonanza, drop 1 of 6: MagniZone 2.0
Today we open the first drop of the Indicator Bonanza.
Why a Bonanza. On November 1 TradingView changes the rules for invite-only indicators. We decided to move our best ones onto our own platform and rebuild them, six in all, a new one every few days. Every Bonanza offer stays open until the end of October 31.
Drop 1: MagniZone 2.0. MagniZone finds Magnet Zones: the levels price keeps returning to, from the levels it has tested again and again, round numbers, and the busiest prices on the volume profile. Version 2.0 reads 251 stocks and ETFs at every daily and 4-hour close and calls only the A setups: a close through a zone (a Breakout Buy) or a hold back off support (a Bounce Buy), each after four checks.
What you get on every call: the entry, the stop, a conservative and an aggressive target, and the at-the-money option worth a look, priced from the close it fired on. Here are three of those options, from the calls themselves:
And a few of them start to finish, the way members can replay any call:
LMT, called Jan 6 at the close. The Mar $520 call on the call: $25.80 to $124.75.
XBI, called Jun 18 at the close. The Aug $140 call on the call: $8.40 to $25.31.
Every call can be replayed candle by candle inside, and the scorecard keeps every result, the stopped-out ones too. The TradingView indicator is included.
The drop price is the lowest MagniZone 2.0 will be, and it ends Sunday, October 11 at midnight ET. After that it steps up until October 31, and again on November 1.