Disliked{quote} Hi price did not touch daily demand level yet, so i think, that this h4 speedbump is still valid. {image} {image}Ignored
Thanks Sebkor!
Supply and Demand Zones 48 replies
Price movement as a function of Supply and Demand 43 replies
Supply and demand zones and EW principles 1 reply
How Markets Work, in a Nutshell! 32 replies
Demand and Supply 1 reply
Disliked{quote} Hi price did not touch daily demand level yet, so i think, that this h4 speedbump is still valid. {image} {image}Ignored
DislikedI think that our expectations about silver and gold were to early. We should always wait for price to close at least on daily chart, above valid supply. In this case (look at daily chart), we see only spike. Price closed inside supply areas, wasnt able to close above them. So IMHO, weekly and daily supply levels are still valid, and dynamics of the market has changed. Look at the h1 chart. Think that we can look for sell. What do you think? {image} {image} {image}Ignored
Disliked{quote} Hmm. Daily supply was taken out, and daily demand still seems to be in control.Ignored
CURVE TIMEFRAME SETTINGS
These are the default values used.
show.curve.percent = true;
By default, the curve percentages will be displayed. If set to false, percentages will be hidden.
curve.display.topRHcorner = true;
When set to false, the percentages will be displayed at right bottom corner
curve.display.vertical = false;
When true overrides topRHcorner setting and display vertical from toprightcorner
curve.high = 71;
If higher than 71%, the % will be displayed in red, so you know you are quite high in the curve
curve.low = 30;
Same but if between 0 and 30%, the % will be displayed in blue. If between 30 and 71%, it will be displayed in the color set in curve.middle.color.
See curve colors below
curve.high.color = Red;
curve.middle.color = Lime;
curve.low.color = Aqua;
curve.default.color = White;
curve.y.position = 20;
This is how high/low the % information will be displayed vertically
Find attached a screenshot of how the indicator will display how high or how low in the curve price is.
Hope you find these new features helpful.
The indicator can be downloaded from this post or from the indicators.zip in the first post. In order to install it, you need to close your Metatrader and copy it to your experts/indicator folder.
Alfonso
IMPORTANT: for any questions or problems with the indicator, please use the Rectangle Reader thread, not this thread. We don't want to have this thread covering problems with the indicators. http://www.forexfactory.com/showthread.php?t=428268
DislikedAlphonso, i know you mentioned working on a video for order entry. Can you give a quick explanation on how much buffer you place on zones in 4 hour trading? I know some trades will be missed, I just seem to miss quite a few by a few pips. I use 5 pips blues spread, but maybe that is too tight.Ignored
For cross pairs:
For example:
If we wanted to go short on H4 EURNZD (crosspair) and my H4 distal line is 1.7850, then our SL price will be:
1.7850 + 10 pips wiggle + 4 pips average spread
So the SL price would be set at 1.7864. Forex is a non-regulated and market markers and brokers love overshooting the levels many times, so you'd better be protected.
For longs, you don't need to add the spread to the distal line.
Hope that helps!
Alfonso
DislikedI have a question, though. Does it matter if our TL is broken, even if we haven't hit a daily supply in control? Does that mean we can still take shorts?Ignored
DislikedI've added new and important settings to the rectangle reader indicator that will help us determine how how or how low we are in the higher timeframe curves, Daily and above timeframes. I had thought of these features long ago but I didn't have time to add them. One of the thread's members, Peter (outapips) has coded them for all of us and now we can enjoy these new ideas that will help us on our trading. I have quite a few ideas in mind, but little by little. The rectangle reader indicator will now display how high or how low you are in the Daily,...Ignored
Disliked{quote} It's not working for me for some reason. The percentages show, but they stay at 0%, even when I've marked the zones manually.Ignored
Disliked{quote} The wiggle room I am using for majors are these: 5 pips for H1 levels 7 pips for H4 levelsFor cross pairs: 7 pips for H1 levels 10-12 pips for H4 levelsFor example: If we wanted to go short on H4 EURNZD (crosspair) and my H4 distal line is 1.7850, then our SL price will be: 1.7850 + 10 pips wiggle + 4 pips average spread So the SL price would be set at 1.7864. Forex is a non-regulated and market markers and brokers love overshooting the levels many times, so you'd better be protected. For longs, you don't need to add the spread to the distal...Ignored
DislikedBuenas dias Alfonso, Muchas gracias, for your clear presentation on your way of trading and the effort and time you put in the indicators. Just a question about fresh and original S&D levels. As I understand a fresh level is a level to which the current price has not yet returned to. A original level is a level to which the price has reached an area which is not a reaction to a previous S&D Area. How far back you look at the chart for such level, For my view an original level could only be a all time high/low and of course we should find H4/D/W...Ignored