I am not very convinced and one can improve a little. For me it is an idea for exits.
You can google and have these days the system for $ 19.
Price Will Tell - Supply/Demand Price Action Trading 1,856 replies
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DislikedNew indicator "smACME Rectangle_v1.0" In the book by Conway and Behle one will find an algorithm for a rectangle breakout trading, as part of their ACME trading system. I made some small adjustments to identify congestion periods and although the solution is not perfect, one can see something ... {image} {image} {file} {file}Ignored
Disliked{quote} Hi @Swingman -- thank you for this interesting (and different) indicator. I think this one is another "keeper"... I like trading price swings -- 28 pairs on H4 time frame -- and your smACME indicator looks to be a good match for that trading style. Also, since I'm trading 28 pairs on H4 then I only need to get one or two bars right -- i.e. I'm not looking for an extended run or trend. {image} The screen shot above gives you an idea of what I mean. This is a GBPJPY / H4 chart with @mladen's centered TMA as a reference. The smACME indicator...Ignored
DislikedNew version "smACME Rectangle_v2.1" The algorithm has been changed a bit because in the first version only rectangles with 4 bars were considered. Now, some overlaps of congestion areas are avoided . {image} {file}Ignored
Disliked...In other words, my trades last only one or two bars -- "scalping H4", if you could call it that...Ignored
Disliked{quote} OK, I could call it that! I was impressed by a video by Landry why should one consider the W1 timeframe in H4 trading: https://www.youtube.com/watch?v=t344Tau5d5IIgnored
DislikedAn interesting study can also be done with the combination of rectangles and octaves: {image}Ignored
Disliked...Excellent video -- one of the best I've seen. No hype -- simple, informative, insightful...Ignored
DislikedNice... I tried searching for the "smOctaves Lines_v1" indicator and failed. As a member of the LAZY trader club, I'm hoping you could re-post it...Ignored
Disliked{quote} I'm sorry, but I have the habit of speaking and writing faster than I think ... Because nobody was interested in the topic, I also forgot to post it and there are already some indicators with octaves, that's just one of them. The "smOctaves" indicator is a variant of "smPriceBoat MiddleHiLo" (#Post 43) so that the lines are drawn continuously and not from the beginning of a period (W1, D1). {file}Ignored
Disliked...i really confuse see that, can you teach me how to get the meaning ? or where i can learn about that ? thanks sirIgnored
Disliked{quote} In fact, one only has to correctly interpret the information about Price Action. Exactly 10 years ago I posted a few similar indicators in the @nanningbob thread. It was 4th and 6th lines instead of octaves. Back then I was annoyed that @NB was so enthusiastic about his ideas that he may only have taken the dynamic lines into account after one year. https://www.forexfactory.com/thread/...90#post3907690Ignored
Disliked{quote} A "blast from the past"... I browsed some of the posts -- interesting to read. You guys were actually working together and exchanging ideas to create something of value. What a concept...Ignored
Disliked{quote} @robots4me you, too, have a powerful system till you follow bishopdotun's suggestion.Ignored