Skip to main content

ZenAlgo - Haze Indicator

ZenAlgo - Haze is a versatile and intelligent trading indicator designed to enhance your technical analysis workflow. It combines advanced logic with customizable settings to adapt seamlessly to both Crypto and Forex markets. With a clean and modern design, it provides insightful signals and visual aids for making better trading decisions.

Key Features​

Market Adaptability​

  • Dropdown Selection: Easily switch between Crypto and Forex settings with preconfigured parameters for each market type.
  • Tailored Logic: Adjusts calculations and visualizations based on your chosen market to ensure optimal performance.

Advanced Ichimoku-Inspired Logic​

  • Conversion Line (Con): A dynamic short-term indicator calculated using a Donchian channel over adjustable periods.
  • Baseline (Mean): A mid-term indicator providing a reliable reference point for price action.
  • Lead Lines (Fast and Slow): Create the Kumo Cloud for projecting future support and resistance zones.
  • Lagging Span: Tracks price movements relative to historical action, visually confirming trends.

Intelligent Signal Detection​

  • Bullish and Bearish Signals: Identifies key turning points with clear labels:
    • Bull: Indicates moderate bullish activity.
    • Super Bull: Highlights strong bullish momentum.
    • Bear: Indicates moderate bearish activity.
    • Super Bear: Highlights strong bearish momentum.
  • Kumo Cloud Crossovers: Detects bullish and bearish crossovers within the cloud for added confirmation.

Visual Enhancements​

  • Dynamic Labels: Annotates the chart with detailed insights such as price levels, percentage distances, and signal strength.
  • Kumo Cloud Visualization: Clearly displays areas of potential support and resistance with customizable color shading.
  • Lagging Span Annotation: Adds a label to the lagging span to provide further clarity.

Alerts​

Stay ahead of the market with configurable alert conditions:

  • Bull/Super Bull Alerts: Get notified when the market shows bullish momentum.
  • Bear/Super Bear Alerts: Stay informed about potential bearish reversals.

Customization Options​

Market Settings​

  • Crypto: Default settings optimized for high volatility.
    • Conversion Periods: 20
    • Base Periods: 60
    • Lagging Span 2 Periods: 120
    • Displacement: 30
  • Forex: Adjusted for moderate volatility.
    • Conversion Periods: 9
    • Base Periods: 26
    • Lagging Span 2 Periods: 52
    • Displacement: 26

Visual Customization​

  • Color schemes use visually appealing gradients for clarity:
    • Bullish: Bright and uplifting hues.
    • Bearish: Deep and intense tones.

How It Works​

  1. Signal Detection:
    • Identifies crossovers between the Conversion Line and Baseline for entry signals.
    • Considers the position of these lines relative to the Kumo Cloud for confirmation.
  2. Kumo Cloud Analysis:
    • Highlights future zones of support and resistance using Lead Lines.
  3. Visual Indicators:
    • Annotates the chart with signals, price levels, and percentage distances to keep your analysis concise and effective.
  4. Alerts:
    • Sends push notifications or email alerts for significant bullish or bearish activity.

Use Cases​

  • Crypto Traders: Optimize entries and exits in highly volatile markets like Bitcoin or Ethereum.
  • Forex Traders: Gain insights into market reversals or trend continuations.
  • Swing Traders: Visualize mid- to long-term price trends with clarity.
  • Day Traders: Leverage real-time signals for fast-paced decision-making.

Example Scenarios​

Bullish Market​

  • A Bull label appears when the Conversion Line crosses above the Baseline and stays within the Kumo Cloud.
  • A Super Bull label highlights when the Conversion Line crosses above and breaks out of the Kumo Cloud with strong price momentum.

Bearish Market​

  • A Bear label appears when the Conversion Line crosses below the Baseline within the Kumo Cloud.
  • A Super Bear label marks strong bearish trends when the Conversion Line exits below the Kumo Cloud and price weakens further.

Conclusion​

ZenAlgo - Haze is a powerful tool for traders seeking an intuitive and robust way to analyze market trends. With its customizable features, advanced signal detection, and visually engaging design, it delivers actionable insights to elevate your trading strategy. Whether you’re navigating the fast-paced Crypto markets or the steadier Forex terrain, this indicator equips you with the confidence to make informed decisions.

Disclaimer​

This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always perform your due diligence before trading.