The "Bone Zone" (BZ) in TradingView

 The "Bone Zone" (BZ) in TradingView refers to an indicator or strategy setup (often found in scripts like the EMA/VWAP Signal Watch) that identifies a specific first-pullback buying opportunity. [1]

It triggers when a stock or asset's price dips between the 9 EMA and 20 EMA on relatively light selling volume. This is considered a deeper, earlier pullback compared to a standard Hold pattern. [1]

How the Bone Zone Setup Works

• The Entry: Traders watch for the asset to pull back into the "Bone Zone" and then look for a green confirmation candle that holds and closes within or above this area. [1]
• The Stop Loss: Traders usually place a tight stop loss just below the Bone Zone or below the 20 EMA. If the price breaks entirely through the zone, the setup is typically considered a failure. [1, 2]
• The Trigger: The signal fires automatically if the indicator is on your chart and the price conditions are met. [1, 2]