You've provided a comprehensive overview of VSS Zen, another trading indicator by Venkys Scalping Signals. Here's a summary for quick reference:
About VSS Zen:
- Designed for accurate market entry signals and market direction predictions.
- Uses additional indicators like RSI and ATR alongside its unique Zen Magic to identify market direction.
- Utilizes a histogram to indicate market sentiment (green for positive, red for negative, grey for sideways).
- Provides market entry and exit signals with green up arrows for long and red down arrows for short trades.
How to Trade Using VSS Zen:
Long Trades
1. Confirm a positive market (green histogram).
2. Enter on a green up arrow.
3. Exit on a red down arrow or previous candle's low.
4. Avoid trading when the histogram is grey.
Short Trades
1. Confirm a negative market (red histogram).
2. Enter on a red down arrow.
3. Exit on a green up arrow or previous candle's high.
4. Avoid trading when the histogram is grey.
Preferred Time Frames:
- VSS Zen works on all time frames.
- Day Trading: 3, 4, or 5-minute charts (4 minutes recommended).
- Position Trading: 5, 15, or 30-minute charts (15 minutes recommended).
Note:
- Avoid carrying positions to the next day due to unpredictable gap-up/gap-down situations.
- VSS Zen operates based on probability, not certainty. Trading involves inherent risks, and users trade at their own risk.
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