MarxBabu

ZONE Supply Demand Strategy1

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.
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//@version=2
study("ZONE",overlay=false)
len = input(35,title="Period")
smooth = input(100,title="Smooth")

plotcandle(open, high, low, close, title='candle', color=(open < close) ? green : red, wickcolor=gray)
// This is working isHigherHigh() => high>high[1] and high[1]>high[2] and low>low[1] and low[1]>low[2]  and close>close[1] and high>close and close>high[1] and close>low[1] and close>(open and low) and close[1]>(open[1]and low[1])and close[2]>(open[2]and low[2]) 
isHigherHigh() => high>high[1] and high[1]>high[2] and close>close[1] and close[1]>close[2] and close>open and close[1]>open[1] and close[2]>open[2] and low>open[1] and low[1]>open[2] and (open+low)<(open+close) //and low>ohlc4[1] and low[1]>ohlc4[2]   //and low>open[1] and low[1]>open[2] this code is to make sure low not below open of before candle

barcolor(isHigherHigh()? black :na)
barcolor(isHigherHigh()? black :na, -1)
barcolor((isHigherHigh() and close>open)? black :na, -2)
    
//barcolor()

Anybody tested this?
Reply
Marx , when does the first candle paint black? Is it backpainting? What does the indicator exactly do?
Reply
MarxBabu dheerajsood
Yes it is back painting when the logic is met.
Look for the first black candle and take the low or open of the candle price as entry price next time when it is falling.
Reply
MarxBabu MarxBabu
04-04-2016 first black handle appeared 81.99is the low of the candle ,now place buy order at this level ,on 25-07-2016 the low is 86.12 soon this will come down to 81.99 then you place buy order
Reply
MarxBabu MarxBabu
As we have predicted earlier the price is approaching 81.99 in a week or two this price will come and then one can enter for a buy position.
+1 Reply
//@version=2
study("ZONE",overlay=false)
len = input(35,title="Period")
smooth = input(100,title="Smooth")

plotcandle(open, high, low, close, title='candle', color=(open < close) ? green : red, wickcolor=gray)
// This is working isHigherHigh() => high>high and high>high and low>low and low>low and close>close and high>close and close>high and close>low and close>(open and low) and close>(openand low)and close>(openand low)
isHigherHigh() => high>high and high>high and close>close and close>close and close>open and close>open and close>open and low>open and low>open and (open+low)<(open+close) //and low>ohlc4 and low>ohlc4 //and low>open and low>open this code is to make sure low not below open of before candle

barcolor(isHigherHigh()? black :na)
barcolor(isHigherHigh()? black :na, -1)
barcolor((isHigherHigh() and close>open)? black :na, -2)

//barcolor()

04-04-2016 Low price touched after 4 months and from 81.50 to 87 in week of time what a great call.Nice work
Reply
https://www.tradingview.com/script/cnVBioxa-ZONE-Supply-Demand-Strategy1/#tc454106
Reply
cristian.d MarxBabu
@MarxBabu, nice one!!! What about the supply part?
Reply
MarxBabu cristian.d
@cristian.d, Supply prediction is bit complex in this algorithm mostly we can predict the demand only
Reply
Dont get it how it works how to get signal for playing ?
Reply
Could somebody present it graphically ?
Reply
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