Important thing would be to have a forced time frame so that if you are using M15 chart you have have sup/dem zones based on H1 or any higher time frame you prefer. Indeed by adding indi more than once you could show multi time frame zones - you would just need to choose different colours for different time frames. This is on the basis that the higher time frame zones are more meaningful than the smaller ones. Using different shades of the same colour would define how strong the zone is - so using red and blue say a very light blue may signify the first time a demand zone is formed but if that zone gets hit again the colour changes to say dodger blue and the more times a zone is hit and holds the darker the colour it becomes. Maybe this is just a dream and not possible to code.
Anyone interested to fix the Supdem indicator for MT4 so that it actually indicates supply and demand zones according to Sam Seiden rules? In my understanding the both I & II versions are just zipzag based indicators and ignore many of the basic rules for the zones.
I can program MQL some but have more experience with EAs and not so good with indicators, so I was thinking to hire freelance programmer for the core coding, as I have done for many other indi and EA projects. I'd need some help with the project to better define the variables and rules for the zones, and also also share possible costs for the programming.
I have a custom version of the Supdem indicator (attached) that we can use for the project. This indicator shows current S&D zone values in data window through out the whole zone. Original indi shows no values only color. Zone values are needed for indicator to work with an EA.
I also have a very good MT4 EA template that I can easily intergate the new indicator to make a fully functioning EA, with highly customized order, position as well as money management. I can also share this template and EA with the person(s) participating in this project. ( I have personally spend hundreds of dollars and a lot of time to develop this EA template!)
ps. Better to PM me about this project, so we don't clutter this good thread!
Last edited by FinTurtle; 08-21-2012 at 03:37 PM.
Here a more of a support and resistance indi...but it works better than the supply and demand ones i have tested
Here's one to try out.
Is there anyone who can add a feature to allow a user to change the colours of the supply and demand level and text?
Last edited by rex123sc; 10-12-2012 at 04:27 AM.
I had a friend make the change for you.
Inside the inputs... the 1st 2 top color externs will set the S & R lines color & the ones below that will change the text color for you for each time frame.
By the way.... nice thread here guys.... looking forward to the devolpment of a Supply/Demand indicator based on Sam Seiden's Rules.
Really nice addition - - I really appreciate your help GMAN. It is quite an honour to receive help from you. You are definitely one of legends in this business.
Last edited by TheGMan; 10-16-2012 at 05:07 AM.