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Trading Institutional Order Flow

  • #8,981
  • Edited 2:56pm Oct 27, 2020 2:07pm | Edited 2:56pm
EURJPY idea.

Double lows usually have stops (liquidity) under them. Looks like a stab down and back up could be possible.

As marked on the chart, it happens over and over again on every time frame.

I will be monitoring price action for this move

Attached Image (click to enlarge)
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  • #8,982
  • Edited 3:45pm Oct 27, 2020 2:46pm | Edited 3:45pm
Here is a new version of my supply and demand indicator. It works same as older one but eliminates some bugs and has better performance.

Please replace my original indicator (Supply_and_Demand_V1.ex4) from post # 8920 with this new one

Any questions please let me know
Attached File(s)
File Type: ex4 Supply_and_Demand_V2.ex4   102 KB | 499 downloads
. I noticed quite a few downloads but only a few feedbacks - thanks hope you enjoy it.

********NOTE: shortly after I uploaded this, I had a request to add color changing for the zones. I have updated the attached indicator here for color changing the zones.
  • #8,983
  • Oct 27, 2020 2:54pm Oct 27, 2020 2:54pm
Quoting Skf
{file} Here is a new version of my supply and demand indicator. It works same as older one but eliminates some bugs and has better performance. Please replace my original indicator (Supply_and_Demand_V1.ex4) from post # 8920 with this new one Any questions please let me know. I noticed quite a few downloads but only a few feedbacks - thanks hope you enjoy it.
Hello Skf, i found your indicator useful. However, if would be possible to change color scheme of S/D zones, it would be great, is it possible please?
  • #8,984
  • Oct 27, 2020 3:40pm Oct 27, 2020 3:40pm
Quoting vilem.iv
{quote} Hello Skf, i found your indicator useful. However, if would be possible to change color scheme of S/D zones, it would be great, is it possible please?

Hi vilem.iv,

I have updated the indicator above in post 8982 so you can choose colors for the three zones. The gold fractal, lightgreen, and lightpink color can now be changed to whatever color you want. The default is the original colors....
Attached Image (click to enlarge)
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  • #8,985
  • Oct 27, 2020 3:52pm Oct 27, 2020 3:52pm
NZDUSD is holding and trying to breakout - pretty clear sailing up tp the next supply zone

I'm hoping to see a pullback as shown

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 68 KB
  • #8,986
  • Oct 27, 2020 6:20pm Oct 27, 2020 6:20pm
catching the knife....EURJPY long at 123.00

I opened two positions - one for a swing trade, the other for a small asian session trade (maybe to pay for my stop loss!)


Attached Image (click to enlarge)
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  • #8,987
  • Oct 27, 2020 10:31pm Oct 27, 2020 10:31pm
Hi SKf.
Thank you for the indicator.
  • #8,988
  • Oct 28, 2020 4:06am Oct 28, 2020 4:06am
Quoting Skf
{quote} Hi vilem.iv, I have updated the indicator above in post 8982 so you can choose colors for the three zones. The gold fractal, lightgreen, and lightpink color can now be changed to whatever color you want. The default is the original colors.... {image}
Thank you Skf, you are doing amazing, (sorry for writting into main thread, regarding rule posting first posts ever i can not send PM) - so i am writting here more feedback - in images bellow:

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  • #8,989
  • Oct 28, 2020 7:33am Oct 28, 2020 7:33am
Quoting vilem.iv
{quote} Thank you Skf, you are doing amazing, (sorry for writting into main thread, regarding rule posting first posts ever i can not send PM) - so i am writting here more feedback - in images bellow: {image}{image}
Hi - I know what you mean on the first screenshot. That may take some time to implement as it would have to look forward and adjust the zone to lowest/highest penetration price., I will look into it. Right now the zone stays same until a candle in the timeframe closes above a supply or below a demand. The balls will be easy enough to have a show/hide feature.

On the second one, I don't know what you mean by "redraw idea".
  • #8,990
  • Oct 28, 2020 7:40am Oct 28, 2020 7:40am
My eurjpy trade above didn't work so well! The small Asian session day trade paid for the stop loss just like I said!

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy4.png Size: 68 KB
  • #8,991
  • Oct 28, 2020 7:51am Oct 28, 2020 7:51am
Quoting Skf
{quote} Hi - I know what you mean on the first screenshot. That may take some time to implement as it would have to look forward and adjust the zone to lowest/highest penetration price., I will look into it. Right now the zone stays same until a candle in the timeframe closes above a supply or below a demand. The balls will be easy enough to have a show/hide feature. On the second one, I don't know what you mean by "redraw idea".
Hi, Skf, second screen is zoomed the bigger one. See similar below. Looking forward for updates.
Attached Image (click to enlarge)
Click to Enlarge Name: 056e49414f8084ab755a480da41bf1af.png Size: 28 KB
  • #8,992
  • Oct 28, 2020 8:29am Oct 28, 2020 8:29am
Quoting vilem.iv
{quote} Hi, Skf, second screen is zoomed the bigger one. See similar below. Looking forward for updates. {image}
First - can you tell me which pair you are showing?

I do know what you mean. As I am testing zones I check the previous one, not all the zones.
For example when I implement supply zone 1, I see if it is in supply zone 2, not 3,4, etc.

So another challenging change I will look into, but I do understand your observations. I can't promise but will try.
  • #8,993
  • Oct 28, 2020 9:32am Oct 28, 2020 9:32am
Quoting Skf
{quote} First - can you tell me which pair you are showing? I do know what you mean. As I am testing zones I check the previous one, not all the zones. For example when I implement supply zone 1, I see if it is in supply zone 2, not 3,4, etc. So another challenging change I will look into, but I do understand your observations. I can't promise but will try.
EURGBP. It's easy to give feedback, but the hard work around coding..., that needs lot of skills I don't have. So thank you for your approach.
  • #8,994
  • Oct 28, 2020 9:44am Oct 28, 2020 9:44am
Attached File(s)
File Type: ex4 Supply_and_Demand_V3.ex4   104 KB | 434 downloads


vilem.iv,

I think I got 2 out of the three requests. The fresh zone in tested zone is adjusted and the option to turn Balls off is also in.

The "adjusted zone" due to price penetration is really complicated for the way I designed this. I would need a major rewrite of my code, so I will keep it in mind for future. Sorry about this but I will keep it in mind for a rewrite

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  • #8,995
  • Oct 28, 2020 11:52am Oct 28, 2020 11:52am
Quoting Skf
{file} vilem.iv, I think I got 2 out of the three requests. The fresh zone in tested zone is adjusted and the option to turn Balls off is also in. The "adjusted zone" due to price penetration is really complicated for the way I designed this. I would need a major rewrite of my code, so I will keep it in mind for future. Sorry about this but I will keep it in mind for a rewrite {image}
Skf, really fast update, thank you, ... i'm backtesting with forextester 4 and would like to save lot of time by importing youre SD indicator to platform, if it is possible, could you upload source code (.mq4 extension should work), so i could use it for backtest please?
  • #8,996
  • Oct 28, 2020 2:51pm Oct 28, 2020 2:51pm
Hi vilem.iv,

Thanks for taking the time to work on this with me, much appreciated. The goal here is to have a decent indicator for observing when a trade may be imminent.

I was hoping it would help spot charts quickly with potential as opposed to spending the time to manually draw each chart and timeframe. Although manually drawing is always the best, an indicator can at least draw your attention to have a closer look.

Here is the source code. Please forgive me, it is quite messy as this is a work in progress...

I find that using multi-timeframe strategies is best, for example, an H1 demand zone inside a Daily demand zone....in other words a smaller TF agreeing with a larger TF.

Keep me posted on your back testing results.


Attached File(s)
File Type: mq4 Supply_and_Demand_V3.mq4   150 KB | 557 downloads
  • #8,997
  • Oct 28, 2020 3:58pm Oct 28, 2020 3:58pm
Quoting Skf
Hi vilem.iv, Thanks for taking the time to work on this with me, much appreciated. The goal here is to have a decent indicator for observing when a trade may be imminent. I was hoping it would help spot charts quickly with potential as opposed to spending the time to manually draw each chart and timeframe. Although manually drawing is always the best, an indicator can at least draw your attention to have a closer look. Here is the source code. Please forgive me, it is quite messy as this is a work in progress... I find that using multi-timeframe...
Hi Skf,

well, there is lot of code - and lot of yours time behind it,... Sad to say, forextester4 failed with convertion to use in the backtesting platform, error occured, dont know what kind of, whatever, doesnt matter i'll test indicator "on the fly", maybe in future, with your coding effort can backtest more, anyway amazing work has been done by Your side and gives opportunity to easier order flow tracking.

Multi TF SnD looks like getting into the "edge". I used to trade S/R (never felt "edge"), but when i found Akt's topic - i understood thad SnD zones are much better, 'cause the predict with accuracy new S/R zone. Studying Wyckoff logic and the rabbit hole goes deeper. ;-) Thanks Akt and Skf.
  • #8,998
  • Oct 28, 2020 4:25pm Oct 28, 2020 4:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy6.png Size: 93 KB
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Eurjpy ideas....
  • #8,999
  • Oct 28, 2020 4:39pm Oct 28, 2020 4:39pm
USDCAD continues up - is now bashing into weekly and daily supply - depending on election, oil and USD strength, we could be looking at a big move soon

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Click to Enlarge Name: USDCAD.png Size: 70 KB
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  • #9,000
  • Oct 28, 2020 7:56pm Oct 28, 2020 7:56pm
Quoting vilem.iv
{quote} Hi Skf, well, there is lot of code - and lot of yours time behind it,... Sad to say, forextester4 failed with convertion to use in the backtesting platform, error occured, dont know what kind of, whatever, doesnt matter i'll test indicator "on the fly", maybe in future, with your coding effort can backtest more, anyway amazing work has been done by Your side and gives opportunity to easier order flow tracking. Multi TF SnD looks like getting into the "edge". I used to trade S/R (never felt "edge"), but when i found Akt's topic - i understood...
Hi vilem.Iv sorry to hear about the forex tester error. I don’t have the tester so I don’t know why it would error out. There may be some coding rules for it I am not aware of. I got to this thread by watching YouTube trader named moneyball. He said AKT and this thread was his mentor. I too used s/r for a long time and now trying to use s/d as I feel it’s stronger. Technically my indicator is not perfect and not everything it highlights is s/d, but it does spot a lot of good ones... talk to you soon - skf
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