Darks wrote: ↑
Tue Aug 03, 2021 7:30 pm
Published on codebase and also sharing it here. A very simple code but shows valuable information about the direction of volatility and volume.
An excellent indicator for retirees, pensioners, and housewives whom I run a non-profit social project that teaches free of cost commonsense trading on how to have passive income by trading on MT5 futures and hedged by buying of futures options.
Common sense trading that I teach does not involve any kind of news analysis, technical study, fundamental study.
Only requirement is to mark down all News events (without studying them as funadmental traders do) to avoid trading but not watching charts for price action and how auction market makers release and dry liquidity in the market using the news events as triggers.
If there are four events involving a symbol, they are told to just watch the kind of liquidity plays (volumes delta can easily show that) are triggered in just a couple of minutes or hours, Price action goes into trend, retracement, reversal, or consolidation. All happening on the same day because the market makers are using them as triggers to reprice or balance so that the auctions can be conducted in an orderly manner.
This indicator adds a dimension of direction, though if any coder can add an option to show to ADR envelope that will be excellent.
I have taught my students that Prices can not go up infinitely because the exchange has put up circuit brakers.
Also, the market makers are appointed by the exchanges after collecting hefty amount of bonds to keep the markets orderly.
Market makers from time to time become active to ensure the market does not go wild.
The tools they use are to reprice from time to time, what we call seasonal or quarter/year/six months adjustments. This can be predicted by only the insiders who programme their robots.
So I don't teach anything to predict in future and just trade for a day and focus on finding the Exhaustion Points on buy and sell sides. Xard uses Semafore quite effectively but because of repainting quality, elders get scared. So I only focus on volume.
ADR is excellent.
May I request any coder to just include ADR bands with coefficient so that the elderly can identify exhaustion points according to their own personality by using multiplying factor as their trigger point for entry. This way they won't feel lost and don't mind taking risks at the extreme levesl.
They are told to trade for less loss and more profits by constant practice with a discipline.
ADR makes them disciplined.