ZONE BUY STRATEGY
In this method look for recent block of black candles and take the before black candle as base handle ,Draw a line forward with the value open and close of the base candle ,When the price falls into this region next in near future execute buy order. Stop loss wont work.
First off, a huge thank you to the following people:
I got a question if it would be possible to Automatically draw S/R levels based on Volume rather than RSI as I had earlier done in this script;
Well it certainly is and it looks as though it might even be tradeable.
The indicator compares the size of volume bars so that if there is...
Dynamic SUPRES can be interpreted in different ways. Each square marks an area of congestion that could serve as support and resistance.
FLASH UPDATE: Now is possible to choose the timeframe and the bars color on/off.
This script will draw the supply and demand zone so you can always enter the best places. Cheap stop-loss and BIG Take Profits.
I will leave the scripts available during the weekend and if you want it, send me a message.
This study inspired by work "Dynamic Levels" by SPYderCrusher
It contains anticipated supply/demand zones with optional forecasting.
Note: Historical zones are proactive so there are options to Displace/forecast selected zones.
Current work in progress:
Forecasting from historical...
This is comprehensive automatic supply and demand zone identifications . And in addition , it also denotes various odd enhancers.
After adding the indicators, there are few things which you need select:
1. WIT ( Weekly Income Trade) -- In the curve time frame, choose the curve time frame : WIT/DIT/HIT ( weekly income trade/Daily Income trade/Hourly Income...
Zone V2 is here. Compare to the first version, we have the following changes:
1. Written in Pine Script 4.
2. Have added ATR to identify explosive move. This lets users define the "explosiveness" of the explosive move. I set it 12 as default as I mainly use it in 1hr candles. ATR of 12 hours is just fine for me.
Again, the indicator is just math...
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