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Re: Golden Forex Techniques

amdudus, Sun Oct 06, 2019 4:41 am

Stop Loss Indicator
The Stop Loss Indicator is a projection of the level of pending orders of traders of the form Sell Stop and Buy Stop taken from the largest area of ​​their accumulation in the “glass”. It consists of 7 consecutive maximum zones of bids, limiting the loss of transactions for the purchase and sale.
How is the stop loss indicator considered and built?
Two lines on the chart are located above and below the current exchange rate of the currency pair at the highest maximum price value of stop loss, selected from the area of ​​7 values ​​of Sell Stop and Buy Stop. Such an algorithm allows you to choose a strong level on the principle of the mutual influence of orders in a cluster on each other and to avoid the factor of false, “phantom” volumes - traps of a market maker.
The figure below illustrates the selection principle, where you can see how the levels are selected directly from the zone, 7 maximum values, SELL STOP located below the current price and BUY STOP that are above the quotes.
On whose data does the stop loss indicator work?
Glass data and levels include real currency volumes! The fact that only the number of transactions is displayed on the Forex market is not an obstacle in this case - the indicator works according to the "Order Book" of the American broker Oanda. These are the 3 largest American Forex brokers. The company has branches on four continents and is therefore licensed by 8 Financial Market Regulators.
Given the wide client base of the Oanda broker, the orders of its traders from the Order Book can be considered a representative sample for assessing the balance in the Forex market. Comparison of the volumes of buying and selling foreign currency through a company can be presented in the form of fractals, i.e., the structure of orders of a part of the system repeats itself or is similar to the general state of the currency market as a whole. It is this understanding that gives us the right to use a glass of orders from the Oanda broker as a source of trading signals.
The indicator works only on liquid major currency pairs listed in the drop-down list of the TradingView chart window. The percent numbers located near the levels indicate the total volume fraction of the 7 maximum stop loss zones. In the example shown in the figure, the resistance zone contains 1.8% of all stops of the Seller, and support - 1.99% of stops of the Buyers.
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