Who trades on levels share their experiences - page 60
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Your screenshot is not levels, but a chart layout with an N-step
P.S. Round prices are rarely a heavy levelYour screenshot is not levels, but a chart layout with an N-step
P.S. Round prices are rarely a heavy levelYes, these are round prices in multiples of 0.00250
Levels are difficult to implement. There is a difference, but a radical one.Yes, there is a lot to think about. If we look at the tick chart with the round grid (rounding 0.00050 - yellow lines, 0.00250 - red). Then you can see the following picture: the price stays near red lines on two yellow lines for a long time, now above and now below. If it has already gone to the third yellow line, it means the possibility of going to the next red level is high.
Alexey, I see you are a good programmer.
If it is not too difficult, let's try the idea of price volatility for the sake of an experiment, i.e., as it was stated before, if the price has passed so far, it will rollback
The indicator: Built on the APR 5 days
We look at the value for 5 days, use time frame D1 and get the value of 80pp.
The next day we draw the trend lines from the opening price of the day at a distance of 80 pips
We draw an additional line of another colour for half of the distance from the day's opening - it is 40pp.
And draw an additional line of another colour +40pp to the original line of 80pp, i.e. at a distance of 120pp from the day's opening.
In the settings, display the APR period, so you can put 7, 10 days, etc.
Is it possible?
Approximately like this on the chart
indicator on charts with different volatility
Alexey, I see that you are a pretty good programmer.
If it is not too much trouble, let's try the idea of price volatility for the sake of experiment, that is, as it was stated before, if the price has passed so much, it will rollback
The indicator: Built on the APR 5 days
We look at the value for 5 days, use time frame D1 and get the value of 80pp.
The next day we draw the trend lines from the opening price of the day at a distance of 80 pips
We draw an additional line of another colour for half of the distance from the day's opening - it is 40pp.
And draw an additional line of another colour +40pp to the original line of 80pp, i.e. at a distance of 120pp from the day's opening.
In the settings, display the APR period, so you can put 7, 10 days, etc.
Is it possible?
According to it, we will see the logic of price movement; ATP will give us an opportunity to look at the indicator on charts with different volatility
Yes, there is a lot to think about. If we look at the tick chart with the round grid (rounding 0.00050 - yellow lines, 0.00250 - red). Then you can see the following picture: the price stays near red lines for a long time on two yellow lines, now above and now below. If it has already gone to the third yellow line, it means there is a high probability of going to the next red level.
And if we put some sense into levels, i.e., volumes, for example, then movements around levels become clear)
And if you put some meaning into levels, i.e. volumes for example, then movements around levels become clear)
Well you can too! You and I have discussed copying volumes from the CME site into MQL. There is nothing impossible in principle. Only the statistics will take a long time to collect.
Well you can too! You and I have discussed copying volumes from the CME site to MQL. In principle, there is nothing impossible. But it will take a long time to collect statistics.
In principle there is nothing difficult, the price is moving around the futures, for example, in the up trend
I think everything can be done. I will think over your idea for a day.
Great, time to wait :)
By the way, it is not necessary to display the whole history, it is enough to draw lines for 30 days. The indicator will work on H1 timeframe and below
From an economic point of view, only a few levels are meaningful and are determined at specific points in time.
For example, if you know what is happening at 16.00, you can easily mark up all other levels.