Indicators By Insanity Industries

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tmanbone
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Postby tmanbone » Mon Mar 22, 2010 3:21 pm

bredin wrote:tman,
the reason I asked about how wide the line is is that if it is 1 pip there will always be precisely 1 bounce from the line, except by coincidence, and will be broker dependent for that coincidence. If you count a bounce from +/- 20 pips you will get more, but as you want to allow the lines to migrate over time, counts of past bounces become a waste of time, imo.

In that pic we run the risk that from what we can see of the line we have 5 bullish and 3 bearish bounces, does it actually tell you anything?

G. (getting my head around this, slowly)


Bredin, spend a few minutes with these ideas.

In that pic we run the risk that from what we can see of the line we have 5 bullish and 3 bearish bounces, does it actually tell you anything?

It tells me there is opportunity. I'm looking at all this zoomed out on the weekly, trading the daily time frame. Price responds to these levels. I need to simplify my request, I'm making it into more than it really is.
"The simplicity of the markets is it's greatest disguise"

T

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Postby tmanbone » Mon Mar 22, 2010 3:23 pm

double post
Last edited by tmanbone on Mon Mar 22, 2010 9:09 pm, edited 1 time in total.
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T

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Postby bredin » Mon Mar 22, 2010 7:58 pm

jal,
I look at the higher tfs to give me an idea of which way the bigger movements are likely to be.

You can overlay other tf onto the chart if you want, it pays to use different colors for this, obviously.

G.
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Re: Indicators By Insanity Industries

Postby noone22 » Tue Mar 23, 2010 1:16 am

bredin wrote:This thread is to discuss the coding violations known as indicators written by bredin


Hi, bredin
Thanx for your indicators, look good!

Quick question about II_SupDem.mq4.

What is the theory behind these supply & demand?
Could you point me to the thread or external web-site,
I seem to missed this discussion.

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Postby bredin » Tue Mar 23, 2010 2:37 am

The theory can be found in Sam Seidens videos here

The zones are not perfect, and I would hand draw them sometimes in slightly different places, but they are 'close enough' for me.

Put at its simplest Supply/Demand are places on the chart where you run out of buyers or sellers and price then moves accordingly. When price returns to these areas there is usually still an imbalance between buyers and sellers so the price "bounces" right back out of the area again.

It represents a good price to buy or sell at a time when most conventional indicators a telling you to do the opposite, or hold the position you already have. Entry by conventional means at these points is dangerous and most often leads to being stopped out (or zeroed if youre holding).

G.
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Postby bredin » Tue Mar 23, 2010 1:51 pm

I noticed something while I was watching a little earlier and my brain clicked...

I thought of a much better way of doing zone strength that is much less processor intensive AND conforms to Sams definitions. So the next update will have a few changes in it: crashzone will be removed, zone strength will be simplified (code done, see screenshot below), some inputs are removed, and a bartimer added to the HUD. some inputs have their names changed to be less clunky.

Image

the new zoning should prove to lessen entries that get blown through :)

uploading tomorrow, after some sleep and a last test.

G.

ps, tman I have not forgotten your idea, I am still thinking about it...
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Postby jahjahblessed » Tue Mar 23, 2010 3:47 pm

HERE: http://www.kreslik.com/forums/viewtopic ... sc&start=0

Sam Seiden using CCI or Stochastics For Long and Short Term Forex Trading
Wed, Feb 6 2008
http://cdn.fxstreet.com/videos/0a491874 ... d02d90.flv

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transform to PIP"S FARI

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JAHJAHBLESSED

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Postby IN-XS » Tue Mar 23, 2010 5:42 pm

Cant wait to try out the new indicator Bredin, thanks for the work you are putting into this.

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Postby Patch » Tue Mar 23, 2010 8:20 pm

bredin

Your work on II_SupDem indi and work on strength is very helpful and impressive.

Isn't it amazing what you see when you just watch and observe price movement?

Great work.

Thanks

Comrade Patch
InVA
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Postby flinux » Tue Mar 23, 2010 9:45 pm

Image

II-SupDem applied to a renko chart.
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