Hey hey.kayroll12 wrote: Sat Sep 07, 2024 1:48 pm 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.
When you say a full level, are you referring to SD1 or all the way to the extreme, SD3?
Glad it worked out, Regrettably, I don't the have the source code. I was thinking to ask someone to decompile so that refinements could be added like half of the half standard deviation.
When I mentioned full STD I meant a round number like 3-4 STD (1 STD being the "mother" range created in the NY PM session). Also notice the pips that this range creates. If the pips are not that much compared to previous days (consolidation) - something is cooking, a move is imminent. Again, CBDR is valuable to identify max target of a trade or reversals (happens at full STD or half).
Tomorrow is CPI day, red folder news. Load the indie and observe where the price will go on gold 1minute chart. It is so precise. CPI on gold is at least 4-5 times STD. Dont trade the news but the aftermath which usually happens after lunch time NY. I will flip the asian range indie here which complements the setup. Why is that important? Price targets midnight NY open, the high or low of the asian range (often during the same day or a day/two after) apart from inefficiencies (fair value gaps).
I hope I am not creating confusion. Beatles can be traded on HTF, refined on a LTF to gain max pips.
Cheers
PS. check the ATS levels (the compression boxes) and the STD levels the indie prints.
. By the way, I love your chart color schemes. They look great!
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