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.

DOWNLOAD DEMAND AND SUPPLY AFL
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2 comments:

  1. A August 17, 2020 at 1:15 PM

    Repaints. Also when you play bar reply. works on daily only.
    if you developed further please mail me. thanks in advance.
    aniket.kude@gmail.com 7841924679

    ReplyDelete
    Replies
    1. Trade CatcherAugust 20, 2020 at 10:31 PM

      Hi Aniket,

      You are right the repaint problem is happening due to Zig Zag function. No new version still

      Delete

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