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@  kalc : (02 July 2020 - 09:04 AM) trading has made me fat anyway TP ha ha
@  traderpusa : (02 July 2020 - 06:52 AM) @kalc, getting more fat every day under quarantine lol
@  kalc : (02 July 2020 - 04:01 AM) and by the way if that guy trys to sell you stuff dont buy it, he's just ripped off some indi's over at forex-station lol its all freely available
@  kalc : (02 July 2020 - 04:00 AM) lol hey TP hows it going young man
@  traderpusa : (01 July 2020 - 01:53 PM) So is the market lol
@  David : (30 June 2020 - 08:00 AM) yall are savage :D
@  David : (30 June 2020 - 08:00 AM) haha
@  Sambo : (29 June 2020 - 05:04 PM) If there's one thing i've learned, it's that the most profitable traders are the least boastful.
@  happyjas : (27 June 2020 - 09:50 PM) We understand what took place, you won a lot of money and bought a new "BMW M4 cake", you got down on your knees, put your little hands together and sounded like this: "My name is my name, if you ask me again I'll tell you the same, I won a lot of money, and already shove it on my candy back-end, but there's one problem, everyone knows already that I ABSOLUTELY SUCK."
@  happyjas : (26 June 2020 - 05:43 PM) the R8 Audi thing -_-
@  happyjas : (26 June 2020 - 05:42 PM) :unsure: 'Can't afford the BM thing, 'just got the 2018 Audi 2016 :(
@  happyjas : (26 June 2020 - 05:41 PM) :unsure: 'Ca
@  Dyabolus : (26 June 2020 - 03:45 AM) so were u verified by David at last? how about that 'pic'
@  David : (25 June 2020 - 04:48 PM) sure post a pic
@  euro_rapp : (25 June 2020 - 04:17 PM) sorry im bragging again, i sincerly apologize. Just wanted to share with you :(
@  euro_rapp : (25 June 2020 - 04:13 PM) By the way do you wanna see my new BMW M4?
@  euro_rapp : (25 June 2020 - 04:13 PM) where do you read that closure stuff?
@  happyjas : (25 June 2020 - 07:45 AM) thanks anyways MAster David, a million times :)
@  happyjas : (25 June 2020 - 07:41 AM) *closure
@  happyjas : (25 June 2020 - 07:39 AM) feeling anxious about what I read about BOE (the enclosure, i guess) :(

Photo

An idea with speed.


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#1 shaileshm

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Posted 28 October 2017 - 12:33 PM

Hi guys. I found this resistance heatmap which looks super cool. i am explaining the base idea (self evident) and like others help creating a full strategy.

 

rhbf716.png

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#2 Tripack

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Posted 28 October 2017 - 12:39 PM

Looks cool but what is the logic behind ?
Tbh, looking at that chart my PA target entry would be much in the green zone :)

#3 MTH2014

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Posted 28 October 2017 - 12:47 PM

this frequency distribution tool, just like Market Profile..


"Some are faster, some are slower, and some will never get it...lol" "You may be right but certainly not the only one...  So, remove that smug smile from your face" :P

"If you are too proud of yourself right now, sooner or later the reality will hit you" "with flock of penguins around me, I will always feel the warmth and happiness"

"if you don't want to ask when you learn, you will never be asked in the future and that means you become nobody"


#4 shaileshm

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Posted 28 October 2017 - 01:03 PM

this frequency distribution tool, just like Market Profile..


And what is the best way to use it? Maybe with some other indicators?
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#5 shaileshm

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Posted 28 October 2017 - 01:06 PM

Tbh, looking at that chart my PA target entry would be much in the green zone :)


But those are sharp reversals.speed is still fast. Plus it is turning into a slow zone. Notice the bump forming.it might become a red zone bit later.
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#6 Tripack

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Posted 28 October 2017 - 01:19 PM

But those are sharp reversals.speed is still fast. Plus it is turning into a slow zone. Notice the bump forming.it might become a red zone bit later.


Sure, if you look at "speed" might be useful for bins, remains the challenge to time it well in the end. What is fast or slow ?

#7 MTH2014

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Posted 28 October 2017 - 02:06 PM

And what is the best way to use it? Maybe with some other indicators?

Well, just like another frequency distribution tools, you must learn how to read bell shape data (with nipples sometime..lol).  

This is 'reading' some range in history and look where the price more often to 'stay' or 'breaking', that meaning this is the 'fair' values of price where both sides of force agree to negotiate or fighting for the strength..

 

MTH2014_SS_2017_10_29_at_02_04_17.png

 

and 'geo renko' version equivalent  (using my renko builder indicator

 

MTH2014_SS_2017_10_29_at_02_16_15.png

 

MTH

 


  • shaileshm and Edward like this

"Some are faster, some are slower, and some will never get it...lol" "You may be right but certainly not the only one...  So, remove that smug smile from your face" :P

"If you are too proud of yourself right now, sooner or later the reality will hit you" "with flock of penguins around me, I will always feel the warmth and happiness"

"if you don't want to ask when you learn, you will never be asked in the future and that means you become nobody"


#8 shaileshm

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Posted 28 October 2017 - 02:16 PM

Hi MTH,

What I also noticed is some of the zones don't change (or change very little) with time. While others do. They change from green to red and other way around.
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#9 MTH2014

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Posted 28 October 2017 - 02:35 PM

You must use this kind of tools, with 'fixed' anchoring values from history, if you use it in real time movement price (by let max bars to 0), then you just losing the statistic ground base. So, using this kind of tools in the end of the day, or week, etc will give you better result for marking future playing field..

 

this is example of Market Profile Tool Indicator, created by one of the best MQ4 coder from my country.

MTH2014_SS_2017_10_29_at_02_32_09.png

 

This is plot for 5 days range on GU M5, but create daily 'profile' this is work for spot fx, but I don't think this will work with BO


"Some are faster, some are slower, and some will never get it...lol" "You may be right but certainly not the only one...  So, remove that smug smile from your face" :P

"If you are too proud of yourself right now, sooner or later the reality will hit you" "with flock of penguins around me, I will always feel the warmth and happiness"

"if you don't want to ask when you learn, you will never be asked in the future and that means you become nobody"


#10 shaileshm

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Posted 28 October 2017 - 03:06 PM

Sorry MTH, but max bar = 0 means taking all the bars in history right?
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#11 MTH2014

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Posted 28 October 2017 - 03:14 PM

Sorry MTH, but max bar = 0 means taking all the bars in history right?

Yes, exactly, so that meaning, it depend on your MT4 history range, and of course that meaning every one will get different bell shapes, because their 'all history' data different in size,  and just like any statistics processing, more datas meaning less extremes.. and in this field, older data mean less significant compare to newer data


"Some are faster, some are slower, and some will never get it...lol" "You may be right but certainly not the only one...  So, remove that smug smile from your face" :P

"If you are too proud of yourself right now, sooner or later the reality will hit you" "with flock of penguins around me, I will always feel the warmth and happiness"

"if you don't want to ask when you learn, you will never be asked in the future and that means you become nobody"





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