With Advanced Supply Demand you can now optimize and edit the supply/demand zone strength for your symbol and time frame! We will discuss this here with the time step by step. First I will post 2 templates.
You can now optimize and edit the supply/demand zone strength for your
symbol and time frame! Broken zones will remain visible on chart! The
supply/demand traders can use it on its own. For us CS-Traders we will
check for a CS speed signal when price hits a zone and trade in CS
direction of the higher time frame. The CS signal might tell us the zone
will hold or break and we can trade accordingly. The levels can then be
used for determination of SL and TP. We aim for a small SL and a bigger
TP.
The supply and demand zones are used as an alert trigger. You have the
choice of 3 alerts. If the price 1) enters the zone and/or 2) breaks the
zone and/or 3) a reversal candle has formed from a zone.
We use the H4 demand zone I posted above chart from yesterday as example.
USDJPY entered the demand zone. I added a square manually on the H4 chart of the size of the zone the indicator printed.
Then I changed the TF to m15 and added my other indicators: Advanced Currency Strength28 Indicator and Advanced Currency IMPULSE with ALERT. (You can switch to other chart or template.)
We wait for a long signal while price is within the H4 demand zone.
We do not trade a short signal unless the zone is broken clearly.
This is m15
In this example price has hit the bottom of the zone by -1 pip which happens often.
If you wish you can even get faster signal with m5. Here JPY was at MFib
161 and turned down. USD showed earlier Impulse signal and repeated it
when the bottom of H4 demand was hit. 2 candles later we see the m5
double-GAP and Impulse alert.
In the following price made 90 pips up until today.
This is H1
What a coincident? H1 shows us USD was at Market Fibonacci -161 when price entered the H4 demand zone and turned its direction.
(Those things are NOT coincidents!)
I just download your indicator, but when I go to run a tester , its gimme a global initialization falied , and stopped.
can you help me
I just tried it and it was running instandly. Maybe you should open the pair and time frame on your terminal before a test to download the history data.
With this update, you will be able to show
double time frame zones. You will not only be able to show a higher TF
but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED
ZONES.
Indicator parameters added:
==== MTF settings
+ ADD higher TF
+ higher TF period (or one more if chart TF)
+ show inner price labels MTF
+ show outer price labels MTF
+ limited size of a big zone. Max factor (ATR) MTF
+ color supply MTF
+ color supply used MTF
+ color demand MTF
+ color demand used MTF
+ color price labels MTF
+ size price labels MTF
The supply and demand zones are used as an alert trigger. You have the choice of 3 alerts. If the price 1) enters the zone and/or 2) breaks the zone and/or 3) a reversal candle has formed from a zone.
USDJPY entered the demand zone. I added a square manually on the H4 chart of the size of the zone the indicator printed.
Then I changed the TF to m15 and added my other indicators: Advanced Currency Strength28 Indicator and Advanced Currency IMPULSE with ALERT. (You can switch to other chart or template.)
We wait for a long signal while price is within the H4 demand zone.
We do not trade a short signal unless the zone is broken clearly.
This is m15
In this example price has hit the bottom of the zone by -1 pip which happens often.
This is m5
This is H1
What a coincident? H1 shows us USD was at Market Fibonacci -161 when price entered the H4 demand zone and turned its direction.
(Those things are NOT coincidents!)
Back to the indicator itself.
Simple how to use the supply/demand levels for TP or SL with any trading system.While move was strong adding to winner.
Last TP below support zone.
Just started with a continuation trade.
Reference of the other indicators used:
Advanced Currency Strength28 Indicator
Advanced Currency IMPULSE with ALERT
My Trades in Pips
Indicators used:
Advanced Currency Strength28 Indicator
Advanced Currency IMPULSE with ALERT
Advanced Supply Demand
<hi
I just download your indicator, but when I go to run a tester , its gimme a global initialization falied , and stopped.
can you help me
<hi
I just download your indicator, but when I go to run a tester , its gimme a global initialization falied , and stopped.
can you help me
Sending you a PM.
Left higher TF, at the right smaller TF.
Indicator setup ACS28 + Impulse +supply demand
NEW Version 1.12 - 2017.03.16
With this update, you will be able to show double time frame zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES.
Indicator parameters added:==== MTF settings
+ ADD higher TF
+ higher TF period (or one more if chart TF)
+ show inner price labels MTF
+ show outer price labels MTF
+ limited size of a big zone. Max factor (ATR) MTF
+ color supply MTF
+ color supply used MTF
+ color demand MTF
+ color demand used MTF
+ color price labels MTF
+ size price labels MTF
AUDUSD DAILY CHART
With Weekly Higher TF nested zone.
input parameter: price lables are set to show only on higher TF.
How the MTF version 1.12 of Advanced Supply Demand Indicator works:
Check indicator parameters (ctrl+i) to know what the colors means.