Hello guys. I would like to trade that methodology as well but sometime I am not really sure about the right levels. Does anybody know which rules the software uses to draw the lines ?
Thanks in advance, Francesco
Price is Everything Supply and Demand zones
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zen4x
- Trader
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- Joined: Wed Nov 23, 2011 2:36 pm
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dietcoke
- Trader
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Re: Price is Everything Supply and Demand zones
zen4x wrote:Hello guys. I would like to trade that methodology as well but sometime I am not really sure about the right levels. Does anybody know which rules the software uses to draw the lines ?
Thanks in advance, Francesco
most of the software based Supply and demand indicators use variations of the fractals indicator to determine S/R areas.
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gdr3k
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- Joined: Sat Sep 01, 2012 11:37 am
Re: Price is Everything Supply and Demand zones
I use supply & demand areas, along with daily, weekly and monthly pivot points, psychological areas and harmonics. The chart looks like a clusterphuck, but it gets the job done.
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bodR9
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Re: Price is Everything Supply and Demand zones
Most create fractals, but a fractal can be created differently making one indicator +/- than others.dietcoke wrote:zen4x wrote:Hello guys. I would like to trade that methodology as well but sometime I am not really sure about the right levels. Does anybody know which rules the software uses to draw the lines ?
Thanks in advance, Francesco
most of the software based Supply and demand indicators use variations of the fractals indicator to determine S/R areas.
A standard Fractal would compare 3 price points, looking for a High and lower highs on Both sides of the High point.
Now a custom indicator for Supply and demand can use more candles for a better accuracy as you can see Many Levels of Supply and Demand are drawn with these basic Fractal Type S.D indicators.