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supply and demand indicator?

  • #1
  • First Post: Dec 31, 2011 10:21pm Dec 31, 2011 10:21pm
I am using the supply and demand indicator and it seems to work best on the daily time frame but what other indicators might I use best noting the strength of the zone?

Or is their something else besides an indicator that would help?
  • #2
  • Jan 1, 2012 8:18am Jan 1, 2012 8:18am
From open price of the daily bar, above 0.5%-0.75% or below 0.5%-0.75%.
Sample:
Peg Price = Open Price.
Buy Limit = Peg Price - more 0.5%(or 0.75%)
Sell Limit = Peg Price + more 0.5%(or 0.75%)

if you missed trade after 11 am EST, avoid it and waiting for new place entry.

This is my strategy, test your own risk.
Have fun with the "Forex games".
BullShit BearShit
  • #3
  • Jan 3, 2012 7:56am Jan 3, 2012 7:56am
Quoting mac53532002
I am using the supply and demand indicator and it seems to work best on the daily time frame but what other indicators might I use best noting the strength of the zone?

Or is their something else besides an indicator that would help?

Why do you need such an indicator? The forex volumes are so huge that the information you can get from such an indicator is useless. I would rather check the volumes instead. It can give you a better idea about what is going on in the market.
  • #4
  • Jan 3, 2012 8:40am Jan 3, 2012 8:40am
Quoting AlejandroFX
Why do you need such an indicator? The forex volumes are so huge that the information you can get from such an indicator is useless. I would rather check the volumes instead. It can give you a better idea about what is going on in the market.
Agree. You do not really need a supply and demand indicator. What you need is to know the market depth as well as the sentiment. This will pretty much do the job with explaining how the market feels at the moment.
  • #5
  • Last Post: Jan 3, 2012 10:58am Jan 3, 2012 10:58am
Quoting AlejandroFX
Why do you need such an indicator? The forex volumes are so huge that the information you can get from such an indicator is useless. I would rather check the volumes instead. It can give you a better idea about what is going on in the market.
You might want to read up on supply and demand as there are many traders who use this type of price action.
Kenneth Lee thread or Sam Seiden's Supply/Demand zones
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