The Equilibrium, a key to success!

Update smZigZag-Bionics and smZigZag-Bionics Osc

Hello dear subscribers,




While our second project has already started, we are continuing to work on our first project. Both indicators of the first project have now been extended and should now run optimally. Let's look at the individual extensions.



With the smZigZag-Bionics_v3.3 you are now able to assign individual colors to the lines as well as the numbers underneath, which, as you know, show the average Pip per Candle within a range. Now you can hide bullish / bearish numbers or lines and make only upward or downward trends visible. These qualities are needed for our second project. This indicator is very flexible so that you can use it as a pure ZigZag Color in case of doubt.



In addition, the smZigZagOsc_1.3 has been extended. It is now also possible to display only bearish lows or bullish highs. In addition, the highs / lows can be connected to a line. We can also use these properties very well in our second project.



In this example I once hidden the bars. Thus, only the bearish low points and the bullish high points are connected. For this view, I had no time to make a concrete evaluation. I am convinced that we will make some interesting discoveries here.

The indicators would have to be ready so far now it is up to us to move forward in this project. That's why I'm still looking forward to your discoveries and contributions in the first project. The second project seamlessly follows the first project and supports the findings of the trend.

To summarize this once again:

The main decision to trade is always based on your personal strategy. That could be Fibonacci, or the Moving Average in my case it is demand and supply.

Our project 1 serves only to determine a possible medium-term trend direction with a higher probability.

Our project 2 serves only to determine a possible short-term trend direction with a higher probability.

Example:

A trend is moving up and in my analysis, I have identified a resistance line. Now I compare my analysis with my project 1. This will tell me if it could be a sustainable trend or a pullback. Once the course reaches my drawn resistance level, I am able to make a very short-term trading decision with our Project 2.

However, the main decision is always based on my personal strategy of supply or demand. Only from Strategy 1 or Strategy 2 alone would I never make a trading decision. Therefore, the indicators I have developed are purely supportive indicators.

I have aligned these support indicators with my demand and supply principle in order to make even more accurate trading decisions. Since I do not act according to other strategies, I can not assess to what extent these support indicators are useful and relevant for you.

I wish you much success today

best regards

Experiment with the Bionics Chart

Hello dear traders,

From 14:55 CET to 15:05 CET I once made an attempt in the area of demand and supply in the EURUSD with the 5 sec Bionics Chart. The lines were created during the video.The lines are not accurate, but I also had very little time, since there were 5 sec candles.

You can see the result here:








You realize that the resistance lines I've drawn are still active for a while, until the top is finally broken. The top two lines were created after the video ended. I believe that the way the candle is rendered has very interesting aspects.

best regards

Bionics

Do you draw your supply/demand areas or use an indicator? If hand drawn what are the rules that you use to draw them?

Thanks

Hello pakeha,

First of all, welcome to our blog and thank you for your interest. To answer your question, I draw my supply and demand zones exclusively by hand, based on the current price trend. I tried to show that with a video. I used a 5 sec chart for two reasons. First, 200 candles were drawn in 10 minutes, the 1 minute chart would have taken too long and second, to prove that it was not a fake video. (A 5 Sec chart history can not be retroactively rotated, no tick data will be provided.)
There is no indicator of how I act because the criteria are constantly changing based on the current price trend. We have to keep in mind that the price is a random buy and sell order. I can only estimate potential resets of the course on the basis of several years of experience and my type of supply and demand. In the video, as the price went down, I saw another resistance zone signifi- cantly weaker than the overlying resistance zone. This zone was not started, so I was wrong here. Exactly I could not draw the resistance zones, however the assumptions were approximately correct. Nevertheless, I am also mistaken in certain situations, as a course can not be foreseen.

The closer I get to the course, the better I can assess a possible course. That's why I developed a new chart image for me to make even faster decisions.
I tried to explain in detail the criteria of the Equilibrium with supply and demand zones in this blog. I ask for leniency, I have been dealing with Equilibrium for a very long time and from my point of view, it is not easy to explain and implement. If you have analyzed some 10,000 hours of candles, you will also have your own view of the market. I do not mean to say that my point of view is right or logical, it's just different and I get along well with it.

I work with indicators, but they do not decide on the entry or exit of my actions. In the next few days I will explain and upload the Bionic Chart in detail, this is our 2nd project. The 3rd project is about the auxiliary indicators that provide me with important information about trading.
I would like to invite you to participate and hope to have helped you a little.

I wish you a nice evening.
best regards

Hi there
I want a help .. I downloaded recently Metatrader on my Pc (new PC) but all the indicators doesn't work or appear on the chart. I don not know why?
anybody can help ?
thax

alhadi

Have you copied Bionics indicators into the mt4 data folder and then refreshed the indicators (restart mt4)?

Hello alhadi_w

First of all, welcome to our blog: Equilibrium is a key to success. I am pleased that you would like to participate in our project. As far as I know, all indicators seem to work well. I hope you have progressed with the solution of pakeha, otherwise we are happy to help.

Good luck and best regards

Benefits of the Bionic Chart

Hello dear subscribers,

The idea of the Bionic Chart came into existence many years ago, and in early 2018 I contacted Hanover, a great and very successful programmer, who introduced me to Forex Factory.

Jan 1, 2018

Hello David,
I wish you a Happy New Year 2018. Enclosed an idea for price chart, which has been my concern for a long time. As a trader, the goal is to use the price charts to predict future price developments in order to optimize the opportunity risk ratio in my favor. I've scoured the internet, but unfortunately this indicator does not exist worldwide. Since you are an absolute professional, I once wanted to hear your opinion. Rather, it is about the small private trader to gain an advantage over the big fish in the market. I appreciate your feedback.
Greetings from Germany
Michael

Jan 2, 2018

Hi Michael,
Many thanks for your post and your kind comments, and Happy New Year to you also.
In MT4 I think you can change the outline color and the fill color of the candle, rather than the entire body and the entire wick/shadow. But I could be wrong, there might be ways in the latest MT4 builds that I'm unaware of.
If I understand correctly, you're effectively asking for the lower shadow on every candle to be boxed green, and the upper shadow of every candle to be boxed red. This amounts to a change in which the OHLC data is being presented, as opposed to a change to the data itself. I think it's possible to create synthetic candles by plotting truncated histograms in the main chart, but I'm not sure. It's been a while since I looked at anything like this.
I'm not sure how this change of presentation would provide an advantage to the retail trader, but then I've not really spent any time researching this kind of approach. If you've read my recent posts you'll know that my own approach uses a lot of FA rather than purely chart-based analysis. Of course I understand that different traders find certain types of chart-based 'road maps' helpful as a visual aid. Each trader must ultimately find an overall approach that he is personally comfortable with.
Although I'm happy to continue sharing some of the indicators and EAs that I write for my own use, I'm sorry, but I'm no longer undertaking programming requests. I posted a list of possible alternatives in the 'MT4 programming' section here. I hope that you can find a way of achieving what you're looking for.
Good luck, and best wishes for 2018.
David

Two statements from Hannover were decisive for me: He did not say that my idea would be absolute nonsense and that every trader must find his overall approach with which he is personally familiar.

Since I am a visual person, I needed a road map to get an individual picture of the possible course of the future course. Back then I was already working with a dashboard, which gave me interesting information, but I was not satisfied with it yet. The indicators on the market were very good, but they did not give me the information I needed. That was also the reason that I made the decision to learn a programming language earlier this year. I am aware that it takes years to work professionally in this area, but one has to start at some point.

Shortly before starting my Java course, I started Project 1 with the trend strength indicator. At the same time I prepared the first drafts for the Bionic Chart. Exactly one month later, a member from Finland ukkometto contacted me and sent me a first draft. I would like to thank you for that. Since he is not a programmer the indicator had to be completely re-set up. An outstanding programmer from Frankfurt helped me with this project and supported me. Again, my sincere thanks.
The first project with the trend strength indicator is now on the way. Here, there will be more experiences in the coming months which we discuss and exchange with each other. In Post No. 699 I have a little history of the Bionic Chart explained. Now it's all about the benefits that result from this chart image. For this I have made a few concrete comparisons.

Attached Image (click to enlarge)

We compared the current H4 Chart EURUSD until Friday morning. On the left you will see the typical candles chart and on the right the bionic chart. It immediately stands out that the bionic chart is much clearer in the view as the wicks are eliminated. Although the candles can be dyed gray in the candlestick, this in turn reduces the colors of the candles. This means that the smaller the zoom in the candle chart, the more inaccurate the color view of the candles will be.

Attached Image (click to enlarge)

Now we zoomed the two chart pictures a bit. Now it becomes clear why the bionic chart is much clearer. You can see the bullish and bearish trends much easier. In addition, one can see the pullbacks within a candle much faster. In the beginning, this view is a bit unusual, but the longer you spend it, the faster you can see possible reversals. The fight that takes place within a candle is thus presented in a simpler and clearer way. Very interesting is the view of the bionic chart, if the volatility is very low. Likewise, the bionic chart in the seconds charts is clearly superior to the candle chart. The picture is definitely clearer when I get used to it.

Attached Image (click to enlarge)

Here we have the maximum zoom possible in the MT 4 standard. On the candle chart side you can now see the wicks more clearly, and the bionic chart is getting used to at first glance. A big advantage of the bionic chart is that you can adjust the width of the bars / candles. At the moment this is also a disadvantage if you zoom in on the chart because the width does not change automatically. But it can be changed by hand. However, there is nothing in programming that could not be done. This modification will only be debated later. Basically, we have to realize that the standard candles are not adjustable. On the bionic chart, during the downtrend, you can see the bulls trying to make the breakthrough but failing again and again. It is interesting to see the bottom formation at the bottom right. As already written, I have built the bionic chart on my concept of demand and supply. In the process resistance and support lines are drawn, which may possibly have a price relevance. To draw in the lines, I need a clear overview. The bionic chart give me this clear overview.

Attached Image (click to enlarge)

Now I tried to draw my lines in both chart pictures. If we compare the two chart images with each other, we notice that of five marked lines, line 2 and line 3 were equally well identified in both pictures. Line 1 and line 5 are a bit thicker on the candle chart than on the bionic chart. This means that with the candle chart I would have to make a bigger stop and thus take a higher risk. It gets very extreme at line number 4. The downtrend, which starts with the blue arrow, I would have drawn wrongly with the view of the candle chart and therefore would not have been able to enter this interesting trade. In addition, equilibrium can be detected much faster and easier (point A and point B). Of five lines, the candle chart could identify exactly only 2 lines. With two lines I would have had to set bigger stops, with one line I was not picked up and could not have made the trade. I can basically say that the bionic chart works twice as well for my trading style as the candle chart. The functionality of the bionic chart, I tried to represent using a video. To make the video tamper-proof, I used a 5 second chart, which produced 200 candles within 10 minutes. The range was relatively small at ten pips, but for the time being it was just a question of knowing if the bionic chart would be able to recognize and mark resistance lines faster. Let's take a look at the result.

Inserted Video

Within 10 minutes, I was able to draw in seven resistance lines, of which 6 lines were relevant. For some lines, I did not get behind fast enough, because the candle making was relatively fast with 5 seconds. Since I usually act in 5 minutes charts I have much more time for line creation. During the video, I also tried to clearly show the future course of the course with the mouse. I did not get the lines drawn exactly and cleanly, but this time it was about the attempt, whether the bionic chart provides me with better information. The fact is that the bionic chart gives me a better and faster overview. Since not everyone is looking for supply and demand but prefers different strategies, let's take a closer look at how we can modify the bionic chart so that everyone receives important information.

Attached Image (click to enlarge)

A disadvantage of the bionic chart, you can easily identify the close but not the open. As a rule, I can also identify the open via the close, unless there is a gap. In combination with the candle chart, of course, all information is possible. You can see here how the open and close were colored white.

Attached Image (click to enlarge)

The following example is about the pullback within a candle. Of course it can happen that within a bullish candle the price goes from open to high, then to low and finally to close. Nevertheless, we have until close a pullback inside the candle and in this case was drawn with a wick. You realize that you are relatively flexible with the bionic chart.

Attached Image (click to enlarge)

In this picture we also added the actual candle body. Of course you could do without the wick now. Through the candle body I automatically get information about open and close.

Attached Image (click to enlarge)

In the following chart we have combined the bionic chart with the line chart, which focuses exclusively on the close. Also this combination could provide some hints.

Attached Image (click to enlarge)

Many dealers like to work with the Fibonacci. I believe that the presentation of the bionic chart within the Fibonacci lines provides very interesting information. Unfortunately, high frequency traders are paying attention to these Fibonacci lines, knowing that many traders have geared their trades accordingly. That's one of the reasons I do not work with Fibonacci lines. Nevertheless, here are interesting trades possible.

Attached Image (click to enlarge)

Finally, I would like to show the form of presentation as a candle chart, as it would be logical. Normally, the wicks are colored in the respective candle color or in gray. Now, one could say that a wick is a so-called equilibrium. Because as the course has gone up, so has the run down again. In principle, this theory would be correct, but at the end of the candle the course went down. Once a candle is finished, it should show the past price history correctly. If a course has gone up and then gone the same way down again, we have here at the end of a bearish trend. This would make all the upper wicks red and all the lower wicks green. However, this is just a presentation options that you have in addition to the bionic chart.

Now I have shown you some advantages that the bionic chart has over the normal candle chart. However, that's only half the story, because the biggest advantage of the bionic chart, is to be confirmed in a very short-term area, a trend reversal, or to get confirmed within a trend, the strength of the trend.

Unfortunately, I can only explain this connection through various videos. The compilation and preparation unfortunately takes its time, so please be patient for a few more days. At the latest after the videos they will realize, which possibilities you have with this interesting chart view. For me, graphically, this is the deepest insight into an order book.

I wish you much success in today's trading day.

best regards
Michael

The same procedure ...

14:30 CET Average Hourly Earnings, Unemployment Rate, Non-Farm Employment Change

Hello dear traders,



On Friday at 14:30 CET it was time again, some import news wanted to the public and finally closing time for me. At 14:30 the game started at 1,15080. Up and down, down and up, one breakout chased the next to the bitter end. 3.5 hours later, it was a little quieter and who would have thought we were back at exactly 1,15080. Nevertheless, there are always winners and losers in the game. And those who have lost do not have to be sad, their money is not gone, it just has someone else. To watch the spectacle closely, I had to use an M1, in H1 you can see the drama in the overview much better.



The marked zone B starts in M5 from 14:30 CET and took about 3.5 hours. From Zone C, the market had calmed down a bit.



Overall, we had a range of 66 pip, but effectively, not much has happened. It's usually like that, when important dates are up, it goes up and down uncontrollably and when everything has calmed down, it continues where you left off.



Here I simply cut out the 3.5 hours (Zone B) and you can see that the course continues on its previously chosen path. Of course, you can not always rely on it, but these situations occur again and again. As a trader you need volatility to get ahead, not too little otherwise it is boring but not too much otherwise the money is faster away as you can see. And many then believe that you can get the money back quickly. I do not need to explain how this ends.

One reason why I pay attention to the important dates in the EURUSD, I know when I can finish my trading. If you want to play with the big boys, you have to know beforehand that you can hurt yourself badly. A good trader not only knows when it's good to trade, he also knows when he should not trade. If I have a sailboat I will stay in the harbor during a storm, with an oil tanker that would be something else, but I have only a small sailboat and I would like to keep that.

Of course you can be lucky on such days, but then you can go to the casino. Proper trading has nothing to do with casino or gambling. Of course, you sometimes need a bit of luck, but most of all you need experience and nerves of steel. The forex market is a shark tank, only those who are clever and reckless can survive. You read that right, you have to be ruthless. Not to the people around you, but to the market. Reckless means you have to do everything in your power to make sure your trade is going well. And often it is enough to do the opposite of what the crowd does.

We traders are friends with each other and share ideas and strategies, but in the marketplace we too are fighting each other. We do not see each other, and at the end of the day, we never know whom we have taken money from or who has our money. And yet we get together because we know that the big players are driving the market and, of course, wanting our money so that their returns are right.

That's what makes this job so exciting and interesting. You can survive in this shark tank when you're creative. You learn every day and a trader who claims to know the market does not tell the truth. Every day is different, every candle is different and the courses change randomly, so I need very concrete tools that support me. From this I can develop interesting and successful strategies that enable me to earn a steady income.

Therefore is also the right attitude crucial. A controlled loss is almost better than an uncontrolled profit. If I lose and then know why I lost, everything is fine.I learn from that and can avoid it the next time. If I win and do not know why, a later repetition is almost impossible. Only controlled profits and controlled losses are the best trades. I am convinced that all of us, with our 3 projects that we are about to tackle, will discover many new things that we can use to our advantage. I have been extensively involved in these 3 projects over the last few weeks and believe that we have real added value here. However, we will never be able to build an EA out of this because there are no concrete and fixed rules. In a purely random market, there are no scientific rules to win more than 50% of the time.
We humans are still ahead of the computers if it were not for emotions and feelings. But every disadvantage can also be an advantage if you get it right. I look forward to the continued great cooperation with you and would like to thank you again for your cooperation and support.

The videos on the bionic chart are almost finished and I hope to be able to upload everything soon, so that everyone has enough time to watch the videos.

I wish you a great weekend and look forward to the other projects.

best regards

Bionic chart, 7 videos for a better overview


Hello dear traders,

A few days ago, I showed my project to two befriended profi dealers, whom I have known for more than 10 years. Among other things, they also act in the area of demand and supply and were thus able to quickly classify the project. They were absolutely excited and could not understand that I pass this project on free of charge to everyone. My answer: "Quid pro quo" has astonished her.

"Quid pro quo" is similar to "manus manum lavat" ("One hand washes the other") or ("I give, you give"). In the last 9 months at Forex Factory, I've met a lot of unselfish people sharing their knowledge with each other every day. If everyone kept their knowledge to themselves, there would be no progress. In addition, I earn my money by trading rather than selling indicators or coaching. They both understood this attitude, and one of them asked me: If everyone is using your system, are not you worried that your indicators will not work as you expect?

No, I answered. First, many traders will not use this indicator because it is too much effort to deal with it, and second, the human being who makes the trading decisions. I am not afraid that anyone will take anything from me, because as a counter-trend scalper, I trade where only a few dealers act. "Quid pro quo" Let's take a look at the benefits: There will be some traders who see an advantage in the way they trade and they will look into these indicators. This results in aspects and possibilities that no one has ever thought of. Alone, I would never be able to do so, because if 100 people work with these indicators and share their experiences, we will reach our goal 100 times faster than I would have been able to do alone. And nowadays, time is more valuable than money. Can we also work with the indicators, my two trader friends asked me. "Quid pro quo" I answered: "How much are you willing to pay for it?" We all had to laugh heartily.

In Post 708 I have shown some advantages of the bionic chart. The main advantage for which this indicator was originally developed becomes clearer with some videos. I've recorded 7 videos that take an average of 5-6 minutes. With the explanations, you should take about an hour to complete this post. I know one hour is a lot time, but remember that you are investing this time for yourself and your personal progress. If you are also a visual person, you will discover interesting things that can bring you some benefits for future trading decisions. As already mentioned, they get a clearer picture with the bionic chart, especially when the volatility is lower from the M1 to the MN or if you work with tick data in the seconds charts. Of course, this essentially depends on the data provision of your broker.

In the following 3 minutes, you will see a comparison with the candle chart and the bionic chart. Every 5 seconds, a new candle is formed, and we are in a slight downtrend.



It is striking that the structure of the bionic charts is much clearer than in the standard chart. An equilibrium can thus be identified faster and more clearly. Since there are no wicks in the bionic chart, the pullbacks within a candle can be detected more quickly. With this constellation, conclusions about a future candle history are easier to recognize than in the candle chart, but I would generally advise against it. There is a much better attitude and view.


To show you even more clearly the clarity of the bionic chart, we now make a comparison exclusively with bullish candles. This comparison was also made in the 5 second chart. The price is currently at its peak and a turnaround is being initiated, which then turns into an equilibrium.



As the price went down, you will hardly see bullish movements in the candle chart, while you can see significant movement in the bionik chart. Likewise, you can see small dots or dashes indicating that a bullish movement has taken place there. These lines or points can not be recognized in the standard chart. Here it is very clear that the bionik chart provides much more data than the standard chart.


The following view is one of the main advantages of the bionic chart. The basis is a 5 second chart, on the left side only the bearish candles on the right side are the bullish candles. At the start, the course is in equilibrium. There is a short break up, then the course goes down and then ends again in an equilibrium. Try to compare both sides. When the price goes down a bit, try to find out when the price changes to equilibrium. This can be seen relatively quickly and clearly.



In the example you could see relatively quickly, when the price went down sharply, that the red candles had a clearer structure than the green candles. From this relatively often conclusions can be drawn for possible future candle movements.


In the following example, in the 5 second chart, we changed the colors a bit and placed a 1 hour chart in time. The course is in equilibrium with a bullish bias. This can be clearly seen in the last third of the video, when the bullish candles made a better picture. Still, at the end, more sellers came into the market.



Of course you can make different settings here, take larger or smaller seconds charts or even switch to the minutes charts.


In the following example we used the 1 minute chart with the trend strength indicators already posted. We are currently in the trend change upwards.



With this example you can see how the bullish candles get through. The bears hold against it, but can not reverse the course.


In the following examples you can see some excerpts from my dashboard. However, I used the M1, M5, M15 and M30 for our example. In practice, I work with other time units, but we'll come to that in our project number 3. In the example, we see a brief downtrend and a subsequent uptrend.



With the right time units, you often receive very important information about a possible price development here. However, I have the best experience in the 5 second chart.


The last picture is very interesting to recognize important resistance lines relatively quickly. For this I put the last four candles from all time units next to each other. After a downtrend, the price is in the pullback. The indicator below indicates the respective candle strength.



With these candles image you can often identify resistance lines that can not be overcome especially in the higher time units.


As you have already seen, the bionic chart is relatively flexible and you can make various settings that will give you exactly the information you need. The most effective chart for me is the 5-second chart where the bullish and bearish candles are juxtaposed. That will make it clear to you effectively if you have worked with it. With the combination of the trend strength indicator, they have a few interesting approaches that you should first try out in peace and quiet.

In the next step I will show and describe the different settings of the bionic chart. Then you can use the indicator to make your first experiences. I hope to give you a first insight and will now prepare the various settings for you. Monday lunchtime you should be able to start at the latest.

I wish you a nice weekend

best regards

Well done!

Hello pakeha, hello dear traders,

I have put in some overtime to post the indicators with the associated explanation a little earlier.

I think I can upload the project within the next hour!!

Greetings Michael

Indicators for Project 2 Part 1 (bionic chart)


Hello dear traders,


I took advantage of the weekend and made faster progress in describing the bionic chart than I thought. This will give you all the relevant documents today to start the first attempts with the bionic chart this evening or tomorrow. As the EURUSD could possibly be very exciting next week, it gives you the opportunity to test the bionic chart in extreme situations and I also have time to focus on this interesting trades.


The setup of the individual charts takes some time. To reduce this time efficiently, I have put together all the relevant indicators for you. For the great ideas again my thanks to all developers.



After downloading the bionic chart indicator at the end of this post and inserting it into your Metatrader, close and restart the MT 4 again. We start with a normal H1 chart. Zoom in the candles maximally, on the screen now the maximally largest candles are indicated. Then remove all candles on the picture and additionally press the button of the line chart. Your chart should now be absolutely black or white, depending on which background color you use. For a better overview, I chose a black background color.



Now drag the bionic chart indicator into your chart and under "Inputs" set the value as shown in the picture. Now your chart should look like my picture.



To make the pullback within the candle visible before the close as a wick, you need to reduce the setting under "Colors" as in my picture. After that, they would have to have the same picture as me. The thickness of the wicks and the candles is individually adjustable.



To display the upper and lower wicks in the correct color, you must enter the settings as shown in the picture. Depending on the zoom, the settings need to be adjusted.



To display the open and close information on the bionic chart, you must change the width of the candles. The settings I've suggested here are for the largest zoom possible. As soon as you reduce the zoom, you naturally have to adjust the settings individually.



Here is another variation on how to build a candle body around the bionic chart. Depending on the zoom, you also have to vary the settings here.



Here you get another view with the line chart. You realize that the bionic chart is very flexible in the settings. Of course, you can work simultaneously with the candle chart and the bionic chart. You can vary all colors according to your mood, but note the clarity. The width of the candles does not adjust automatically when you zoom in or out. Since there are different versions of the Meta Trader, with an automatic setting could cause problems, that's why we did not do it for the moment. To get used to this new image, first work with the pure bionic chart. You will see on the fly that there are very interesting things to discover.



In addition, you can then insert the detailed trend strength indicator and the histogram into your chart image. I rarely work with the histogram to identify the largest pullbacks, as the view on the upper numbers is quite sufficient for me. In daily trading, I usually work with this chart image in my 55 inch main chart. There all time units from M1 to MN are stored. From this view, I generate my lines based on supply and demand. How to get these lines worked out I will publish in a separate blog for later. It is important to get used to this form of presentation of the candles in order to work with them over the long term.

Of course, you can also work with your individual system. In the end, what matters is that their perspective is widened and they recognize things they have not seen before. This will allow them to make more concrete decisions to increase their overall return.

Indicator bionic chart

Attached File(s)

smBionicChart-Histogram_v1.ex4   9 KB | 848 downloads

Indicators for Project 2 Part 2 (bionic chart)


In addition to my main screen and a trading screen, I still work with different dashboards that give me different information at different times. I'd like to introduce three of these dashboards, each with a screen, because they also work with the bionic chart.



This dashboard is a bit more complicated as it basically consists of two different MT4 units that are simply placed side by side. Each of these two units has a bionic chart with 5 seconds of candles. Before you can enter the specified settings (in my picture), you must first install the Flexichart indicator. This indicator generates an individual second chart from the tick data of your broker. The better the tick data, the more accurate the seconds chart.

The program is older, but works very well. The diagram is executed offline. Of course, once they close the screen, the data will no longer be processed. When you open the screen again, the course will continue at the current location. Of course, if you work in the 5 seconds chart, it will take some time to get enough information together. Of course, you can make different settings every second. For the indicator there is a detailed description, although older, however, I think that they will manage it.

If you have both charts running, please note that you are loading the bionic chart into the offline chart, otherwise it will not work. The M1 chart in which you drew the Flexichart indicator must not be closed. If they then make the same settings as in my picture, nothing should go wrong. In the end, you just have to align the two seconds charts on one screen and you're ready to go.

Important

Please note that the Flexichart indicator will only work when current tick data is delivered. So from Sunday evening to Friday evening.

You should watch these two charts very closely at the beginning and draw their conclusions. This gives you incredibly interesting information, especially in the short term. Watch this picture especially when reversing trends or if a trend becomes stronger or weaker. Do not despair, at the beginning you only see letters later the words and at the end you understand the whole sentence.






Here you see the same principle of representation as in the seconds chart, except that these are normal time units. I like to work with the M5, M15, H1, and H4. In addition, I still work here with the Momentum Indicator, which shows me a peak momentum defined by me. In the M5 I work with a setting of 4/4, in the M15 with 7/7 in the H1 with 15/15 and in the H4 with 28/28. These settings are of course variable.





A very interesting dashboard for me, because here with the bionic chart all time units are juxtaposed. This enables me to identify certain resistance zones relatively quickly. The width of the bars has a setting of 16 for me. Of course, you can also place several bars next to each other by reducing the width of the bars. Below the bars, you can see the Density indicator, which very efficiently displays the strength of a candle. A doji would rate the indicator with 0, a strong candle without wicks with 100.



With the three newly developed indicators smZigzagBionics, smZigzagBionicsOsc and the smBionicChartHistogram, they have now received an interesting tool that provides them with important information in a very difficult market environment. However, please note that these indicators do not indicate trading decisions. The trading decisions should result exclusively from their home system. These three indicators will help you, especially in the short term, to make your main trade decision.

So now it's time to test and experiment. See if you can cope with the presented tools and if these tools will give you important information. At the end of the week I want to dedicate myself to the third project. Here it will be specific to the individual dashboards, which will give me very important information especially in the area of supply and demand.

This project is a kind of fine adjustment of all information. At first glance, all this looks very complicated, but in certain situations, only certain information is required. Sifting them at a glance is relatively easy.

I wish you a lot of success and a lot of fun with the new indicators and I look forward to your feedback.

best regards
Michael

EXCELLENT JOB SIR JUST WAITING FOR THE MARKET TO OPEN SO THAT I CAN TEST ALL THE INDICATORS AND GIVE YOU FEEDBACK ITS ONLY BECAUSE OF GOOD HEARTED PEOPLE LIKE YOU TODAY THAT THE WORLD IS STILL IN GOOD SHAPE MAY YOU ALWAYS BE BLESSED AND BE ALWAYS BE HAPPY

[quote=HumbleLearne;11556319]EXCELLENT JOB SIR


Hello HumbleLearne,

Thank you for your great compliment and your constructive words. I am very happy, and I am very proud that they are so involved in our blog. This will help all traders in the future to obtain important information about this interesting concept. The more dealers participate in this concept, the more information we get. We can build on that further strategies.

Thanks again for your help and much success in today's trade

Best regards

"Quid pro quo" is similar to "I give, you give"


Hello dear subscriber,
hello dear traders,



yesterday afternoon I uploaded our 2nd project with the complete settings. The first great feedback I have already received, thank you. Please note that the bionic chart can only access data that exists in your MT4. If you have data in your monthly calendar for 240 months and you want to use the bionic chart to display 300 months, that may not work and the screen will stay black. With setting 240 it will work fine.

The 3 projects that we have prepared in the last 6 months have been a lot of work with countless hours, often until late at night. Many things did not work right away and had to be redeveloped or corrected. The test runs went on for weeks and were corrected and adjusted. I believe that everyone knows how much work is behind such a project.

Behind the principle of this work stands the absolute independence of every trader who works with these indicators. First, because it is not an automated system that gives the trader little insight into the trading method, and second, because these indicators can be combined with any trader's system. Although I live off the trade, I like to do this project work, everyone can imagine that my trading time is considerably reduced. I do not want to get money for this work because everyone who works with these indicators, through his feedback, helps us get better every day.

The more traders work with it and use this approach, the more information we get to generate further developments. Therefore, I ask you to recommend this bionic chart and to make it available to other traders. The more dealers use the bionic chart, the faster everyone gets ahead.

What information is specifically about. These indicators are new and so we can not have many years of experience. It is now time to gather this experience. How can you identify possible reversals? How do you recognize trend confirmations? What are the advantages of the new chart view? How do you combine the bionic chart with supply and demand?

There are certainly many interesting benefits that we have not yet recognized or seen. The more traders work with it, the sooner the benefits become more visible and clearer. Alone you can achieve a lot, everything together. I would be happy if we could gather a lot of information in a large community in order to learn and move on from it. Now some might think that it would be better if as few people know about it as the more they know, the smaller their own advantage. If I had thought so, the indicator would never have come on the market. I think we all have more benefits from the knowledge that everyone contributes, than when everyone worked for himself.

I have some ideas on how to understand and analyze the market much easier. I will be happy to devote myself to these projects in the next few years, but for this we need a large dealer community that is constructive and solution-oriented. Only together we can do it. Maybe you support our community and participate in our projects. I know that I interpret the market differently than the textbooks, but perhaps this view of a market that arises by chance is the right way to go.
Through constructive cooperation, our community will become bigger and stronger and we will reach our goals even faster. I would like to emphasize once again that I am not concerned with money but only with information. This information is worth more than money and will help us all make faster and more accurate trading decisions in the future. And if we can work even more efficiently in daily trading, the goal is achieved.

I thank all of you who are helping to make progress in this community.

Good luck this week
best regards

thank you Michael for your work and information share .
i am working on your chart style .
can you tell us , how you are using this chart to find equilibriums ?

Thank you very much for all the work you are doing.

Hello geosevilla,

First of all, welcome to our blog and thank you very much for your recognition. I really enjoy the work, because I know that many dealers are involved in the project and we get even faster information. Please feel free to participate in the project and of course be the first to be informed about news.

I wish you a lot of fun. Greetings