Algo from indicator

Crillezz · 2023-05-06T14:16:12+00:00

Hello eweryone! Hello Khaled!! Is it possible to build a algo from Khaled´s suppy & Demand indicator when the price returns to a supply/demand zone? I’ve asked on that thread but haven’t gotten an answer Here is the link to Khaled´s indicatorSupply & Demand – Order Blocks – Indicators – ProRealTime (prorealcode.com)

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05/06/2023 at 3:16 PM #214236 quote

Crillezz
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Veteran

Hello eweryone! Hello Khaled!!
Is it possible to build a algo from Khaled´s suppy & Demand indicator when the price returns to a supply/demand zone?

I’ve asked on that thread but haven’t gotten an answer

Here is the link to Khaled´s indicatorSupply & Demand – Order Blocks – Indicators – ProRealTime (prorealcode.com)

05/07/2023 at 9:22 AM #214249 quote
GraHal
Participant

Master
As an example … change Line 133 for below, then do same for Bullish bozes.

However, it works better if you use ‘Buy’ on the Bearish boxes below.
```
SellShort at Market
//drawrectangle($left[j],$top[j],barindex,$bottom[j]) coloured("red",Transparency)bordercolor("red",Transparency)
```
I’m sure there’s more to do to get it profitable, but above should help to get you started?
05/07/2023 at 12:22 PM #214262 quote

Crillezz
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Veteran

Thanks for reply Grahal. But then it takes position when a zone is formed. What I meant is that I want it to take a position when the price retests the zone. I know the indicator is not intended for that. But I think it looks interesting and I want to develop it further later.
Here is an example

iiiuyy.png

05/07/2023 at 12:42 PM #214264 quote

GraHal
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Master

Crillezz wrote:

take a position when the price retests the zone

Maybe JS or Roberto might help you?

To make it easier for anybody coding it for you, are you able to define … retests the zone? I’ll have a think also with respect to the Indicator, linked in your OP.

Above saves a coders time having to define retests the zone, it also gets you what you want?

05/07/2023 at 1:03 PM #214265 quote

Crillezz
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Veteran

What I mean by retest is that when the indicator makes a zone and the price leaves that zone and comes back to it (maybe tomorrow), the algo should take a position. The picture I sent shows an example. The problem for me is being able to use the zones in the future. So if a buy zone is formed today, I want algo to take a position tomorrow or next day if the price comes back to the zone.
Hope someone understands what I mean 😉

05/07/2023 at 1:11 PM #214266 quote

GraHal
Participant

Master

I understand exactly what you mean in plain english, but to code it needs limits / quantified values.

So if price just pops into the light green zone (not the dark green zone) on a 1 min Timeframe (after being in the dark green zone previously) then is that a retest of the zone in your mind?

You likely be happy (as I would 😉 ) if somebody would code you a ‘restest of the zone’ as they see fit. We can develop it further after that (maybe? 🙂 ).

05/07/2023 at 1:15 PM #214267 quote

GraHal
Participant

Master

For what it’s worth, I’ve got my version making a profit.

Screenshot-2023-05-07-131235.png

05/07/2023 at 2:02 PM #214269 quote

Crillezz
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Veteran

What kind of exit do you have on it?
Try to add if the price is above or below bollinger band 100 also.
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