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.
Remove from Favorite Scripts Add to Favorite Scripts
//@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()

Can u plz write the code for Supply , just reverse of Buy.. we can check it better..

U just need to add reverse logic.

Reply
Could somebody present it graphically ?
Reply
Dont get it how it works how to get signal for playing ?
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
https://www.tradingview.com/script/cnVBioxa-ZONE-Supply-Demand-Strategy1/#tc454106
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
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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out