Margin zones are zones that are strong support and resistance levels and on the basis of which further movement of a trading instrument can be assumed. Margin zones are built based on the levels of margin requirements for futures of the Chicago Mercantile Exchange ( CME ), which corresponds to a specific trading instrument on the spot market. The margin requirement levels form a certain amount of the futures move (and therefore the corresponding currency pair), conditionally this can be called the volatility that the market maker sets for the trading instrument.
Margin zones in trading are the areas to which the price reacts, and the closing of the day (the American trading session) below or above a certain level signals to us about the potential of a further trend (this is one of the classic rules based on observation and statistics collection, but you can use the zones as a kind of volatility move in other ways).
Differences from the basic version of VOTrade Margin Zones CME:
1) In this version of the script, it is implemented to save the display of margin zones on all assets where they were built.
2) Displaying the construction of margin zones according to the author's TS "VOTrade"
3) Adding tools for building margin zones for the assets you need through contact with the author.
4) Support for instruments from the world's largest exchanges CME / ICE / MOEX with up-to-date margin data.
5) Display of constructions of margin zones in both directions of movement.
6) Cross-currency support.
Supported tools:
CME future - 6E, 6B, 6C, 6A,6S, 6C, 6N, 6J,ES, NQ,YM, GC , SI, NG , HG, WTI (add according to interest)
Ice future -DXY, Brent (add according to interest)
MOEX future - Ri, Si (add according to interest)
FOREX - EURUSD , AUDUSD , GBPUSD , NZDUSD , XAUUSD , XAGUSD , WTI, SP500 , Nasdaq, US30 (add according to interest cross-currency support.)