Thanks for the suggestion, FlexTrader. I created a demo account on AvaTrade and tweaked my broker settings to line up with UTC/GMT+0. It worked like a charm! Too bad that the indicator doesn't have a source mq4 file. Else, could have added a ON/OFF toggle button to activate/deactivate the CBDR boxes. The colors are too striking for me. As a workaround, I've set the 'Show the STD Buy and Sell Zone Boxes above the CBDR" to false.FlexTrader wrote: Thu Sep 05, 2024 10:30 am Hi and sorry for the late response, I have not been on this forum for a while.
The attached set is for a broker which has GMT-0 offset on their servers like Exness, AvaTrade.
Create a demo on Exness, load the indicator and the set (this is for summer time, when winter time kicks in, the "4" in the settings become "5".)
You should see this graph below (Gold example).
Go back to your original trading server, load the indicator and play with the offsets until the Exness account graph matches your trading account graph.
CBDR is a roadmap, the rooms in a house. ATR/ADR are averages. CBDR is as close as it gets.
Hint: if price hits a full level (standard deviation) during London or NY, most likely there will be reversal. CBDR is better on lower TF.
Hint: True day open price is always the price at midnight NY time, it is not the broker time for a new day. The blue line in the graph is true day open (midnight). Price at that level is like magnet/target.
Hint: Refer to post post1295547369.html#p1295547369 for trading times.
Cheers
When you say a full level, are you referring to SD1 or all the way to the extreme, SD3?
