Description
This indicator recognizes supply and demand zones on your chart and marks the zones with a rectangle, When price touched a zone it shows an alert window and then it removes that zone from your chart.
Download Free Trial Version / Buy: https://www.algodeveloper.com/product/supply-and-demand-zones/
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using cAlgo.API;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class Blank : Indicator
{
protected override void Initialize()
{
ChartObjects.DrawText("AlgoDeveloper", "Please download this indicator from AlgoDeveloper.com", StaticPosition.Center, Colors.Red);
}
public override void Calculate(int index)
{
}
}
}
afhacker
Joined on 15.10.2015
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Blank.algo
- Rating: 2.5
- Installs: 21222
Comments
[erik.lindblad],
I haven't used this indicator on a bot by our selves but we have sold the source for other traders who are using the code on their bots and we don't know how was their result.
I don't recommend using this indicator without discretion.
Hi Ahmad! I've been looking for a supply/demand indicator for a long time and just found this one. Great job! Looking forward to try it.
Have you used this indicator with a fully automated cBot? In that case what has the backtesting results looked like? Can it be used without discretion?
Try new version on Spotware cTrader 3.01, in this version you can modify zones on your chart and you can set the alert to trigger x pips before zone got touched by price.
Hi Ahmad - thank you for explanation. I purchased the indicator yesterday (after using the trial) and I must say it is the most usuful indicator I've had so far!
I'm interested in the supply / demand trading methods (as described by Sam Seiden, Alfonso Moreno...) and planned to develop my own indicator but then I found your indicator and I'm quite happy now.
However, for the future, I'd like to develop it further or, maybe, use slightly different logic etc. I understand you do it for living and so you don't publish your source code. But still, would there be any way of getting/buying either the code or description of the algorithm for my own use? I don't plan to resell it, publish or whatever else, I only want to make some customizations for my own purpose. I could share the code back if you were interested.
Thanks for information
The period parameter defines how many previous bars from the current bar to check for identification of a zone so the higher the periods number the more previous bars will be scanned by indicator zone identification algorithm.
Whenever a bar closes the indicator checks if any new zone is formed or not, if indicator tries to check all bars from the start of your chart to the current bar it will make the indicator performance very slow so instead, it checks only x previous bar.
The whole idea of the indicator is to recognize the zones, what you are asking is now possible with cTrader Automation API 3.01 update but we don't have any plan to develop an indicator to trigger an alert when the user drawn objects in chart got touched by price.
You can post a job in the jobs section or contact the consultants to help you.
Hi - what does the "period" attribute mean? The documentation states that "higher periods mean stronger zones" but what exactly does the period represent? Thanks
is there a way u can tweak it so i can manually create a zone using rectangle and when price touches or like 5pips (depending on user setting) away from the zone it will create an alert??? thanks
The indicator automatically extends the zone until it got touched by price x times (based on user setting) and it shows an alert popup whenever price reaches the zones.
can this be edited so i can manually draw a box then it will be extended automatically to the right most, and also can we set an alert that if price approaches the box 5-10 pips it will create an alarm or alert
@yong_alison please read the documentation: http://docs.algodeveloper.com/supply_demand/
Once you added the indicator to a chart you can change the indicator settings from "objects list":
https://drive.google.com/open?id=1hQ_fVGUm3UqMbStpkmUI-3TCd3fFS5V1
how to change the style of the line ?
also, i changed ALERT tro YES and press OK, but it doesn't save my changes ?
Thanks for this! I cannot trade without this now!
may i use it for free