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

  1. #1
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    Supply/Demand indicator based on Sam Seiden's Rules

    Hi All,

    Looking to develop a supply and demand indicator based on Sam Seiden's methods and rules. There's a lot of info on Sam in the forum here:

    Supply & Demand - by Sam Seiden

    With the assistance and input of anyone on the forum who has experience/ideas on these methods (both good and bad) and has some time to post, I'd like to use this thread as a way to identify a set of design requirements for building the indicator.

    Essentially so we end up with as clear a set of rules as possible for building the supply and demand zones. The rules will also hopefully be in someway useful to anyone wanting to set the zones up manually. Once the indicator is complete though, we'll release it to everyone so hopefully you won't need to :-)

    How can you help:
    Post up any of your own rules you use to trade with Sam's methods. I'm interested in anything you have, but some of the things that could specifically help to build the indicator I can think of are:

    1. how to confirm the zones
    2. how to identify which zones are better than others
    3. how to identify when zones become invalid or should no longer be used or aren't as reliable. either due to time or price action
    4. are there any different types of zones that can be defined, for example zones which work best for certain types of trades, or work best as targets or exits.
    5. How you use the zones in your trade setups and entries. This could be particularly helpful in adding some confirmation of good and bad zones.
    6. Examples of zones you've used which have worked and failed based on the rules


    If anyone has any feedback or input on the above, or anything they can add to the approach, feel free to post it up.

    Lastly just to say thanks in advance to anyone who can assist.

    Cheers
    Paul
    Last edited by kor4x; 03-08-2012 at 09:05 AM.

  2. #2
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    Hi Fridaystr. i think that there is already an indicator based on sam saiden rules, it should be this: supply demand indicator

    But i m not 100% sure

  3. #3
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    @kidrock82:
    This is new project of TradingArsenal that we will announce today.
    We want to build a new indicator that follows the Sam Seiden rules. The indicator you are linking to is good and helpful indicator but i think it does not follow the rules well. For me it marks all historical zigzag turns, this is not bad, but is it ideal? Can we do better? We will see. I am sure many people use Sam Seiden approach and will share their experience.

  4. #4
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    ah, beg you pardon then , my mistake

  5. #5
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    @kidrock82

    That's kind of what I'd like to hear about from people. If you're using supdem with Sam's methods, would be great to hear from you in more detail on how you're using it. Do you find it works ok, or are there other things you do in order to confirm which zones supdem is presenting are suitable for Sam's methods? I'd agree with kor4x, it seems to just mark historic zigzags.

    Cheers
    Paul

  6. #6
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    Hey Friday,
    PM me your email ID. I got some SS stuff that might be useful for your project. Nothing earthshaking but you might find a little thing or two.
    Good luck with your project!

  7. #7
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    I am not really sure what these supply and demand indicators are good for. All I get from them is what is plainly visible to the eye anyways: former highs and lows...maybe I am missing something...

  8. #8
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    Quote Originally Posted by dakiki View Post
    I am not really sure what these supply and demand indicators are good for. All I get from them is what is plainly visible to the eye anyways: former highs and lows...maybe I am missing something...
    Hi dakiki,

    Check out some of the videos from the link in post #1. There is a fair bit more to Sam's approach to identifying supply and demand zones, that's what we're trying to incorporate in to the indicator so it isn't just displaying former highs and lows.

    Cheers
    Paul

  9. #9
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    From my experience using this indicator and one similar to it, the thing that I find to be lacking is the element of time. Remember, according to Sam's methods he is looking for areas of strong supply/demand imbalance and that usually shows up as price agressively leaving a level and not spending much time at the level before leaving. Areas on the indicator that seem to end up not being valid on a retest after a Rally-Base-Drop for instance are areas where price spent a protracted amount of time in consolidation before aggresively moving. It's almost like the Supply/Demand was balanced before the move started so retesting the potential imbalance area causes you to enter a failing trade. So having and indicator that is looking for those imbalances is in my opinion what would set an indicator apart.

  10. #10
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    FridayStreet< Do you have the PROBABILITY ENHANCER score formula from The XLT course ?

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