Thanks for the thread. I am studying with interest... trying out stoch with setting 14,5,5. It resembles the TDI if you compare the 2.
Will restrict only to daily and weekly. Looking for suggestions to better exit rules.
In the Forex investment club that I am a member of (Forex Los Angeles) we have developed a very similar system over the past two years. We didn't know that folks in Taiwan were using a system that so closely resembled ours. I guess it is a case of parallel evolution. We distribute this to our members and anyone else who asks, so I'll attach a copy of our version.
We do like to give credit to those who develop and code the indicators we find useful. SupDem was created by "Bredin," based on the work of Sam Sieden. It attempts to automate finding Support and Demand levels based on past chart patterns.
The 3 level ZZ semaphore was mostly written and perfected by "The Rumpled One." It attempts to define the top and bottom of price swings and as such it will repaint as many times as necessary to find a real top or bottom. Good indicator, but not reliable to trade on its own.
The attached screenshot shows a recent trade on the EUR/JPY, with entry and exit marked. This is a 15 minute chart and the trade was entered on July 9th at 14:30 GMT. Trade was open for almost exactly one day and netted 124 pips.
In the Forex investment club that I am a member of (Forex Los Angeles) we have developed a very similar system over the past two years. We didn't know that folks in Taiwan were using a system that so closely resembled ours. I guess it is a case of parallel evolution. We distribute this to our members and anyone else who asks, so I'll attach a copy of our version. We do like to give credit to those who develop and code the indicators we find useful. SupDem was created by "Bredin," based on the work of Sam Sieden. It attempts to automate finding Support...
Ignored
can you please explain more about this one .
thanks
In the Forex investment club that I am a member of (Forex Los Angeles) we have developed a very similar system over the past two years. We didn't know that folks in Taiwan were using a system that so closely resembled ours. I guess it is a case of parallel evolution. We distribute this to our members and anyone else who asks, so I'll attach a copy of our version. We do like to give credit to those who develop and code the indicators we find useful. SupDem was created by "Bredin," based on the work of Sam Sieden. It attempts to automate finding Support...
Like this one, supdem is too close, they may break easily and break our entry rules. {image}
Ignored
hi, how many pips is too close? Because zoom in/out can affect the perception of distance.
Is there a setting to disable the unnecessary thin/small bars?
