The Equilibrium, a key to success!

According to GANN & Murrey " POC Lines" with their properties after a division by 8 of a Price Range

hello bionik,
a new attempt to find an equilibrium

Hello Techanalyst,

I apologize for not replying to your post until now, I missed your post after I answered Skipper. Great work, it's getting slow.



You had correctly recognized the Equilibrium, but this POC was only for the brief moment the course came back. After that he failed your POC.
At point 1, demand dominated supply to point 2. After that, the offer dominated until the point 3. From point 3 on, demand dominated supply until point 4.
That means at point 3 the bulls are waiting again to bring the course a bit upwards.



In the 20 minutes chart you can see that a bit better. Your POC was correct for 2 entries after that the course failed. Only there did he climb higher again. This zone is still fresh and if the price falls there, you could speculate on a rise in price.



However, I think that the course then comes as far as the blue line and then drops again. Between 1.207 and 1.199 there is a strong dominance of demand. That could bring the price over 1.255. However, that's my opinion, I've been wrong many times already.

Just look in which zone the supply dominates demand and when demand dominates supply again. This helps to gauge the strength of your POC.
Keep up the good work and you're on the right track.

Best regard

Dashboard to create


Hello dear traders,


I have already presented some interesting auxiliary indicators in the last contributions. Today it is about the compilation of individual screens and their indicators. From the basic indicators MACD, RSI, MA, Stochastic, Fractals, Zigzag and many more, I think nothing, because they are very trailing for me. Since the price chart is clearly in the advantage. I am well aware that the calculation of many of my auxiliary indicators is based on one of these indicators, so I do not make any purchase or sale decision.

Basically, I work on my main screens without the above mentioned indicators, but there are many creative programmers and traders at Forex Factory who have thought properly and developed great support indicators that make trading easier. I would like to present some of these indicators today, but I would like to do without a detailed description. First, because the developers can do that much better, and second, because I'm not a professional in this area.
In the many years of my full-time job as a trader, I have tried and analyzed a large number of different auxiliary indicators. As Swingscalper, I have been careful to use auxiliary indicators that give me a quick and rough overview. At some point I had the idea to use a separate screen for these auxiliary indicators.
I would like to present two overview screens today.



This screen shows me the power of momentum once in the candles themselves and arranged next to each other. I have already explained the indicators in more detail in my Post 193. The time units for this screen are: 15sec, 1M, 5M, 15M, 30M, 1H, 4H and Day. By displaying the course line in each time unit, you can quickly identify the resistance and support zones.



This screen is my own dashboard. This dashboard does not show me any entrances or exits, but I often get interesting information through this dashboard.
So that you can get an idea of how the Dashboard works, I have created a video for it.
We are in EURUSD on FR, 09.02.2018 in a larger timeframe in a sideways range. From 9:00 CET to 13:00 CET the course went down. Within this downturn there was a small pullback at 10:45 CET.



I documented this pullback on video in this dashboard. Take the 6 minutes and watch how the dashboard reacts in this situation. The EURUSD is swinging from a bearish phase into a bullish phase. You can see very clearly how the bears take over the helm at short notice for 14 pip. In the upper middle is a Heikin Ashi who shows the course very nicely.
Then I will explain the individual indicators in a rough, the indicators and the templates to post.





Maybe you will not need all the indicators, but only find some of them interesting.



Now let's start with the individual indicators.


1
The Candle Strength indicator displays the distance between the open and close as a percentage of the total height of the candle. Developer: Hanover high impact member FF
I used the following time units: 15sec, 1M, 5M, 15M, 30M, 1H, 4H, D, W1, MN
You have to create the 15 sec candle with the FlexiChart indicator.
All information:

https://www.forexfactory.com/showthr...=222230http://

Developer: salient member FF

2
Recent candles indicator
Developer: Hanover high impact member FF
I placed this indicator so that it matches the candle strength indicator in time.

3
News Calendar Indicator
Developer: eucild high impact member FF
You will receive current information and press reports from Forex Factory. I put a trend indicator in there.
Trend RonsSite
Developer: MetaQuotes Software

4
News Calendar Indicator
Developer: eucild high impact member FF
Important dates that can affect my currency pair are displayed here from Forex Factory. Many settings are possible.

5
CM Strength Indicator
Developer: MetaQuotes Software
An interesting indicator about the strongest currencies.

6
Heikin Ashi
Developer: MetaQuotes Software
For more accurate candle ads, I recommend a 15 second chart here.

7
Price to Open
Developer: unknown
From 1M to D, the indicator shows the color the candle has been in every minute.

8
Trading Volume
Developer: MetaQuotes Software
A very fast-acting indicator that shows the strength of bulls and bears.

9
Average candle
Developer: cja high impact Member FF
The average candle thickness can be set individually here. I work here with 3 averages 900/30/1.

10
CCFp Indicator
Developer: SemSemFX
Interesting currency strength gauge

11
Overlay Chart Indicator
Developer: S.B.T.
This indicator works only if your broker provides you the dollar index. He compares the EURUSD with the dollar index in the 1M chart. You may need to change the name of the Dollar Index as this varies from broker to broker.

12
Chart indicator
Developer: fxcoder
This indicator works only if your broker provides you the dollar index. He compares the EURUSD with the dollar index in the 1M bar chart. The upper bar represents the Dollar Index, the lower bar represents the EURUSD. However, the bars are turned upside down here. You may need to change the name of the Dollar Index as this varies from broker to broker.

13
Cruscotto indicator EUR
Developer: Andrea Salvatore
Interesting strength indicator of different time units in the EUR

14
Cruscotto indicator USD
Developer: Andrea Salvatore
Interesting strength indicator of different time units in the USD.

15
MADdash indicator
Developer: honestknave high impact member FF
A multi timeframe dashboard looking at price. Listed are 17 ads from 1-17. Here the size can be changed individually. Green means Euro strength, red means Dollar strength. Timeframes from left: 1M, 5M, 15M, 30M and 1H.

16
S-KG Buyer Seller indicator
Developer: saronko high impact Member FF, Thanks to Kang_Gun source code and FerruFx advice
The indicator, reacting quickly to price change. In addition, a current price indicator and the spread was incorporated.

17
+ RS_Group EUR & USD indicator
Developer: unknown
Very interesting strength indicator that reacts faster than the price chart. Here, the EUR was currently compared with the dollar. You can download more currencies here.

Relative Strength Basket Trading System on page 103

https://www.forexfactory.com/showthr...31#post2432331

CFP indicator
Developer: SemSemFX
An indicator that gives almost the result of the euro and dollar strength.


Since I am not a professional regarding the explanation of indicators, I ask for leniency here. For important background questions, check out the creative, great developers.

The indicators in the zip file you just have to save under MQL4 / indicators. The templates in the zip file in your templates folder. Restart metatrader and then start building. Please note that some indicators are targeted at the EURUSD. Open a new chart in the EURUSD and via the template the alignment and the adjustment will be made automatically. Then you have to adjust the individual size. This is a bit of work, but it often helps me to stay in the market even longer with my trade.

Seeing this dashboard as a support, if it brings anything can only be your decision. Due to my drawn POC, I only make decisions to buy or sell. My dashboard helps me keep track of the market.

Thank you again to all developers, especially here at Forex Factory.
I wish you much success and maybe one or the other Indicator will help you.

best regards

Attached File(s)

Dashboard indicator.zip   595 KB | 1,532 downloads

Attached File(s)

Dashboard templates.zip   25 KB | 1,312 downloads

hello skipper13 and parisboy, I'll get back to you tomorrow morning with an answer. beautiful evening

Hello Parisboy,

many thanks for this information. I've already dealt with that in the past. What I noticed here, the areas are all evenly divided. Unfortunately, the market is not uniform, but rather randomly uneven.
Therefore, I could not use this POC for myself. I belong there like you to the traders of the old school. You have to draw it yourself, then you can be sure that it is true. But what does security on the stock market mean?

I wish you a very successful day
best regards

Hallo Bionik
Thank you very much for your detailed explanations and the video.
I already had some of these indicators in use, but I removed them.
Under the aspect of using them as auxiliary indicators I will build myself a dashoboard.
thank you very much

Hello Skipper13,

I would agree with the first 3 Equilibrium, but I would take a closer look at them in smaller time units. Always be aware of when there is an offer or demand dominance and how strong that dominance is. The line you drew is good, but I believe the supply dominance is still there. The price could fall even lower in the long run until there is an offer dominance again. But you can see that better in the smaller time units.

best regards

Hello Skipper13,

I agree absolutely. A dashboard for all auxiliary indicators keeps your eyes free on your charts. So you can focus on the POC and have the Dashboard at a glance all the essential factors that give you a market overview. That was the idea as well.
I wish you a successful trade today.

best regards

Hallo Bionik,
've already begun to focus on the M1 here, I think, there are many POC's that help me transfer it to the larger TF.
I also use HA candles for the trend.

Hello Skipper13,



that's right what you've drawn, in the middle down at about 1.22, the demand was stronger than the supply. At 1.22968 dominated the offer again. You can also see that very nicely, because the pullback did not fit into this price range anymore. That was a nice way to go short. The POC is also correct, as the equilibrium increased sharply. When the price came in this price zone, he reacted, but not so strong, because he ran back so yes.
So slowly you get closer to the thing. Compliment.

best regards

Dashboard to create





Hello dear traders,

Last night, I posted for you in great detail my own dashboard for rebuilding inclusive indicators and templates.
I would like to take a closer look at a special indicator today. These are RS Group EUR and RS Group USD.



On the left side you see a 1M chart in the EURUSD top left the S-KG Buyers vs Sellers indicator that you can also download in the post 265th In addition, I have put you the two strength indicators. The white line represents the zero value. If a currency is above the zero line, it is weak strongly below the zero line. Now it only depends on whether the EUR or the USD is above or below this line.
I posted a video for that. Please excuse the bad recording did that briefly with the phone. We are in a short downtrend and at the end we see a pullback.
Pay attention to the RS Group EUR and RS Group USD.

Inserted Video

From 2:50 minutes you can see very nice as the EURO strength increases and at the same time the Dollar weaker. Watch this indicator in the current chart. Often a strength or weakness announces itself before the price reacts in the chart.

So my request, if you create this dashboard, take a closer look at the individual indicators so as not to draw wrong conclusions and then lose money.
I hope I could help a little

best regards

Thank you, you are also a very good teacher

Hello Skipper13,

thank you for the nice words, I prefer to be a coach as a teacher , I am most pleased that you as a beginner succeed. It shows that the POC work and everyone can do it. You still have a long way to go, the bottom line is you're on the right track.

Still much success.

best regards

Hello traders,

If you have created your dashboard, you can post it. I help you with pleasure.

best regards

I have only one screen available and will use the "Ticks separate volume" and the "SKG buyers" as auxiliary indicators. Everything else is too much for me and sets me apart from the actual price.

Hello Skipper13, one to two screens are perfectly fine and enough. I only look when I am in the trade now and then on my dashboard. It does not help me to get started, but with this help I was able to stay in the market a bit longer. This has been worthwhile for me in the long run.

Best regards

Experiment with doji

Attached Image (click to enlarge)

Dear Traders,


As we already know, equilibrium is a crucial factor for future resistance and support zones.
I think little of candlestick formations because they are too inaccurate due to the time units. A small exception is the doji, although here too the time units are inaccurate.

A doji is a candle with the opening and closing prices at the same price level. The doji signals primarily indecision or a break in the price movement.
Exactly this uncertainty we want to take a closer look today and dare an experiment.

There are doji finders as indicators, but they were too inaccurate. For this I have found an indicator and adjusted so that he shows me the dojis in the market.



We take a price chart between 1.21 and 1.26 and search from 2010 to 24.01.2018 for doji to look at the chart from 24.01.2018.
From 2010 to today, the course was four times in our price chart. With the help of our indicator, we are now looking for the doji in the 4H chart.



From 22.01.2018 to 23.01.2018 we find two doji. Right in the middle of this doji we draw a gray line.



It continues into the year 2014, where we again record all found doji.



Although we find some doji in 2012, we identified many in 2014. This means that there is always uncertainty at certain price levels.



In 2010 we find a strong doji, so we draw this with a red line. Again, we do not find any other doji here.



Let's take a look at the result. Up to the red vertical line we drew the doji. Please note that we have not drawn any lines to the right of the red line.



In the 30 M chart it looks much clearer now.

I think the result is very interesting.

You can also identify the doji in smaller time units, and if you use the POC in addition, you have a good chance to turn the probability in your favor.

I wish you a nice week

best regards

hello bionik,
no easy task to find the real doji, but very interesting.