nice explanation, thx newdigital
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nice explanation, thx newdigital
Hi Swordfish,
Can u share an example for ''Sometimes the plot happens to be supply or demand zones''
There are 2 guidelines for plotting supply and demand zones:
1) they are usually the small side-way bars followed by a large move
2) should plot after, not before, the large move has been identified.
The common II SupDem indicator picks top and bottom like zigzag indicator. It repaints if zone is broken. It plots before a large move, but often there were large moves after the plot, thus sometimes it plots supply or demand. Like so:
Attachment 3574
To see how to plot supply and demand correctly, this guy's 6 videos are very helpful.
http://www.youtube.com/watch?v=fZrXPJKuk-s
Hi Swordfish,
i think shift=0 mode cause this. Calculates before candle close.
i tested lots of subdem indicators and find this one good.
Here are others Attachment 3577, Attachment 3578, Attachment 3579 from my pc
I found SUpRes_Breakouts indicator (which is based on Support and Resistance (Barry)1 indicator - both should be in indicator's folder compiled. SUpRes_Breakouts indicator should be attached to the chart :
Attachment 3582
Attachment 3583
Thank you so much for these indicators Newdigital
Hi Swordfish,
Take a look at this support demand zones indicator which i found it from FF. It have many settings available such as multi timeframe, alert, color settings and so on.
Attachment 3588
This one is very close to Sam Seiden's supply & demand. It plot s a level AFTER a large move has been made. It also counts how many times the level has been retested.