Page 2 of 14 FirstFirst 123412 ... LastLast
Results 11 to 20 of 134
Like Tree17Likes

Thread: Supply/Demand indicator based on Sam Seiden's Rules

  1. #11
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,573
    @trademonster: yes we have it, if you see the link in the first post. There is lots of materials already available.

  2. #12
    Senior Member
    Join Date
    Oct 2011
    Posts
    129
    Anyone see this supply zone ? I think there is another level right above it in yellow.

    http://my.jetscreenshot.com/11419/20...9w68-508kb.jpg


    Supply/Demand indicator based on Sam Seiden's Rules-6e-15min.jpg

  3. #13
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,573
    pity your picture is so small :-)

    btw:
    1.lets try to define the programming rules for an indicator when a zone should be drawn
    2.any suggestions for the algorithm?

  4. #14
    Senior Member
    Join Date
    Oct 2011
    Posts
    129
    Kor, the link provided in last post will be a larger pic.

    i have a few of Sams materials "Quantifying suppply and demand zones" I will go through it and see what can help in developing your indicator.

  5. #15
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,573
    thanks,
    i will also go thru the materials i have and I will come up with some programing algos and rules, but it's not fun to do it on my own, therefore all ideas and suggestions are very welcome.

  6. #16
    Senior Member
    Join Date
    Oct 2011
    Posts
    129
    Quote Originally Posted by trademonster View Post
    Anyone see this supply zone ? I think there is another level right above it in yellow.

    http://my.jetscreenshot.com/11419/20...9w68-508kb.jpg


    Click image for larger version. 

Name:	6e 15min.jpg 
Views:	371 
Size:	13.3 KB 
ID:	554


    How you like me Now

    http://my.jetscreenshot.com/11419/20...adta-544kb.jpg


    Supply/Demand indicator based on Sam Seiden's Rules-6e-15min2.jpgSupply/Demand indicator based on Sam Seiden's Rules-6e-15min.jpg
    Last edited by trademonster; 03-13-2012 at 02:24 PM.

  7. #17
    Senior Member
    Join Date
    Dec 2011
    Posts
    199
    time at the level.
    how prices leave the level
    is the level fresh
    any opposite supply/demand levels near the marked level when price returns
    where you are in the bigger picture supply and demand curve
    Rally pause rally, rally top drop - ( w/c he now ses as nothing more than pullbacks to previous levels)
    levels on top of levels
    profit margin from level to 1st opposing level. 2:1 or more
    is the usd index running to supply/demand too?

    think those are the criteria

  8. #18
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,573
    yes, +- these are the criteria.
    Now, how to program it :-?

  9. #19
    Member
    Join Date
    Jan 2012
    Posts
    44
    Hi all, apologies I've not had a chance to reply been a bit busy this last week. Thanks for input so far Will go through it tonight hopefully. Agree with Kor4x, great to hear correlation in people's techniques, but to build an indicator we really need some specifics around how you use all this criteria. I think it's prob easiest for people to post a screenshot than try to explain in words, plus that will make it much easier for us to see exactly what is meant and also see other things in the chart that might not get mentioned otherwise.

    So if it is possible for you to post a screenshot example of any criteria that would be really useful.

    Many thanks in advance
    Paul
    "Dear Optimist, Pessimist & Realist,

    While you guys were busy arguing about the glass of water, I drank it!

    Sincerely
    The Opportunist"

  10. #20
    Senior Member
    Join Date
    Dec 2011
    Posts
    199
    Supply/Demand indicator based on Sam Seiden's Rules-mar-11-2012-mon-sam-seiden.jpg

    TIME PRICE SPENT AT LEVEL = no more than 6 candles making up either a pivot high/ low or a trading range continuation pattern. the boarders of the level is taken from the lowest close of the candle/s if its a supply level or the highest close price of the candle or series of candles if its a demand level. the wicks either a high wick or low wick are taken as the boundaries of levels where beyond it we set stops.

    HOW PRICE LEFT THE LEVEL = Bigger more impulsive candles in succession no pausing is better, the best is when price shoots up or drops like a rock. another note, is that if the price has at least travelled twice the distance away from the level it is now being detected as a level of interest in my opinion

    HOW PRICE RETURN TO LEVEL = a quick impulsive return is preferred because there is no opposing levels leading up to return trip a choppy return is not advisable because it cuts the profit margin by forming opposing supply demand level near the level of interest.

    PROFIT MARGIN = at least 2:1 from the supply/demand zone to an opposing zone (a supply dmeand zone that meets all criteria about time and distance) maybe different rules for different traders

    IS LEVEL FRESH = has price tagged the level before or is it the 1st. if it has tagged the level but briefly and price never trades more than 50% of the level and reponds impulsively (i might keep the level) or prolly it can be kept drawn until its broken?

    rally pause rally = see the pic self explanatory
    rally top drop = pivot high/ low

    LEVEL ON TOP OF LEVEL = self explanatory, its the higher price level option to enter short in this picture the distance is calculated from the level origin to wherever the opposing level of the same criteria is

    Supply/Demand indicator based on Sam Seiden's Rules-mar-11-2012-mon-sam-seiden2.jpg

    THE BIG PICTURE = now ive just been thinking how you gonna differentiate the zones in accordance with the big picture. so ill just explain. in the big pic price made a pivot high and is going down there is no higher time frame demand on the way of prices anytime soon. so on lower time frame take supply levels and take it short if all the sup dem criteria are met.

    also the equilibrium point is the 50% fib of the high and low point of the perceived major move. Sam says if price has past eqilibrium point of 50% of a major high low move he is less enthusiastic of selling into lower time frame supply zones when in downtrend (flip scenario over if up trend) and even lesser in doing so as prices approach a major higher time frame supply and demand zone.

    USD INDEX = look if USDX is running into supply and or demand the same time your trade happens (dont really know if this is relative to the indicator.)

    hope i enlightened you more than confused you. if others have a diff opinion ono how the levels are identified pls share.
    sunpost and Samtastico like this.

Page 2 of 14 FirstFirst 123412 ... LastLast

LinkBacks (?)

  1. 07-29-2013, 12:14 AM
  2. 07-24-2012, 08:29 PM
  3. 07-18-2012, 07:57 AM
  4. 07-12-2012, 12:21 AM
  5. 07-10-2012, 05:03 PM
  6. 07-02-2012, 02:59 AM
  7. 06-28-2012, 04:15 PM
  8. 06-24-2012, 09:00 PM
  9. 06-22-2012, 10:22 AM
  10. 06-22-2012, 04:20 AM
  11. 06-21-2012, 08:41 AM
  12. 06-13-2012, 09:53 PM
  13. 06-05-2012, 05:37 AM
  14. 05-30-2012, 06:14 PM
  15. 05-22-2012, 08:09 PM
  16. 05-20-2012, 06:01 PM
  17. 05-17-2012, 12:35 PM
  18. 05-13-2012, 12:36 PM
  19. 05-12-2012, 03:47 PM
  20. 05-05-2012, 02:26 PM
  21. 04-20-2012, 01:06 PM
  22. 04-14-2012, 12:05 PM
  23. 04-13-2012, 04:33 PM
  24. 04-12-2012, 09:09 AM
  25. 04-09-2012, 12:51 PM
  26. 04-09-2012, 12:49 PM
  27. 04-09-2012, 09:47 AM
  28. 04-08-2012, 03:25 PM
  29. 04-08-2012, 09:55 AM
  30. 04-07-2012, 10:56 PM
  31. 04-07-2012, 09:55 PM
  32. 04-07-2012, 08:01 PM
  33. 04-03-2012, 05:44 PM
  34. 03-27-2012, 12:11 AM
  35. 03-25-2012, 07:10 PM
  36. 03-08-2012, 10:29 PM
  37. 03-08-2012, 07:58 PM

Similar Threads

  1. Supply & Demand - by Sam Seiden
    By Admin in forum Confirmation Methods
    Replies: 50
    Last Post: 10-28-2014, 09:42 PM
  2. supply demand indicator
    By holyskychen in forum Indicators / Exepert Advisors
    Replies: 14
    Last Post: 01-05-2013, 02:16 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41