Saturday, July 20, 2019

Demand And Supply Amibroker AFL

The whole working of the stock market price action lives within the market structure of demand and supply. Price action oriented traders are continuously watching the creation of dynamic demand and supply zones in the market structure. The price has the function to rotate between the demand and supply zones. Professional traders with their expertise are able to identify the demand and supply zones very efficiently with the help of reading candlesticks and patterns made by candlesticks.

To make things a little bit easier for the traders who are on the path of refining their skills for price action trading an Amibroker AFL for plotting the Demand and supply zones has been written. The application of afl on the chart will help the traders to get a helping hand in understanding the current situation prevailing in the existing market structure.

demand and supply amibroker afl
Demand and Supply Amibroker afl

The Red line depicts the levels from where the market sold off and therefore marking them as the dynamic resistance levels.

The Blue line suggests the area of demand cropping up and therefore identifying such areas as the demand zones.

This will be of help to get prepared for the anticipated price action on these levels of importance.


Saturday, February 2, 2019

Previous Week Open High Low Close Levels Amibroker AFL

Weekly reference points of interest for traders are the Open , high , low and close levels for the past week. These are levels where swing traders take their decisions of entries and exits. Lot of activity happens at the previous week ohlc levels. Having them plotted on ones chart makes it easy for the trader to refer them while making the trading decisions.

Previous Week Open High Low close Levels Amibroker AFL
Previous Week Open High Low close Levels Amibroker AFL

The Teal Line is the Previous Week High Line
The Blue-Grey Line is the Previous Week Low Line
The Green Line is the Previous Week Open Line
The Yellow Line is the Previous Week Close Line

Required US Government Disclaimer & CTFC Rule 4.41

Futures trading contains substantial risk and is not suitable for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only consider risk capital that should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. CTFC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this website or advertisement are for illustrative purposes only and not construed as specific advisory recommendations. All ideas and materials presented herein are for information and educational purposes only. No system or trading methodology has ever been developed that can guarantee profits or prevent losses. The testimonials and examples used herein are exceptional results which do not apply to average people and are not intended to represent or guarantee that anyone will achieve the same or similar results. Trades placed on the reliance of Trend Methods systems are taken at your own risk for your own account. This is not an offer to buy or sell futures interests.