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@  happyjas : (06 April 2020 - 01:44 AM) "You could just go with your own instinct.. all the time. I have gone on what I have always thought."
@  happyjas : (06 April 2020 - 01:42 AM) roopem, that's your opinion.. don't take it seriously.. I've shown my sentiment through chart reading.. your call?.. what say you?..
@  roopem : (06 April 2020 - 01:08 AM) crossing fingers is gambling
@  happyjas : (05 April 2020 - 11:00 PM) heads up guys and gals!.. EU goin' up.. fingers crossed here.. B) https://imgur.com/wNQBQT4
@  Tripack : (05 April 2020 - 09:52 AM) Hey Mr Singh
@  Singh : (05 April 2020 - 12:53 AM) Hey Fellas,how is everyone
@  calcalex : (03 April 2020 - 01:12 PM) @Nickachino I hope not to be honest
@  Nickachino : (03 April 2020 - 07:21 AM) @ they shutting down the forum?
@  calcalex : (03 April 2020 - 06:03 AM) is the forum really going to disappear?
@  roopem : (02 April 2020 - 11:43 PM) does anyone got the renko builder from MTH2014 thats actually working?
@  steventran : (02 April 2020 - 10:28 PM) who is here trading iqoption?
@  Tripack : (01 April 2020 - 06:32 AM) @roopem, it is always subjective, what works for one may not work for the other, plus systematic approach does not work with non systematic markets
@  roopem : (01 April 2020 - 02:24 AM) any system here that works?
@  traderpusa : (31 March 2020 - 05:40 AM) yup, I checked myfxbook a few times, they all went bust.
@  Tripack : (31 March 2020 - 02:48 AM) Ah yeah didn’t he manage a group with some HFT ea ?
@  traderpusa : (31 March 2020 - 02:41 AM) Steve is a Global Prime dog, living off his 600 subscriber commissions. None of their EAs have ever made money.
@  traderpusa : (31 March 2020 - 02:40 AM) Once I change broker, I won't access stevehopwood anymore. He can shove his forum up his ass lol.
@  traderpusa : (31 March 2020 - 02:40 AM) @ishan, no I don't. I don't read anything on SH, except the Global Prime thread.
@  roopem : (30 March 2020 - 10:58 PM) CJ the guy who can map future price movement like a god?
@  ishan007 : (30 March 2020 - 11:33 AM) traderpusa sir you know CJ in stevehopewood?

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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