GDM DEMAND SUPPLY STRATEGY
Supply/Demand sign indicate that there is either supply or demand created in that particular candle.
To trade this sign we have to wait until any further candle to close either above or below high or low of the candle marked with Supply/Demand.
Closing above will be a BUY trade with SL below LOW of candle marked with Supply/Demand.
Closing below will be a SELL trade with SL above HIGH of candle marked with Supply/Demand.
If there are more than one continuous candles marked with Supply/Demand then that whole bunch of candles should be considered as one Supply or Demand Zone and we should wait for any further candles to close above or below that zone.
Exit Signal indicates that the strength is reducing and we should prepare for exit and we can trail our stop-loss above or below the previous swing high or low respectively for Short and Long trades.
The Supply/Demand signals are prominent with stocks.
Whereas for Currency Pairs
The 'Exit Sign's can be used for ENTRY with same Close Above/Below and Trailing SL logic.
These signal scan be used in any time-frame.
To trade this sign we have to wait until any further candle to close either above or below high or low of the candle marked with Supply/Demand.
Closing above will be a BUY trade with SL below LOW of candle marked with Supply/Demand.
Closing below will be a SELL trade with SL above HIGH of candle marked with Supply/Demand.
If there are more than one continuous candles marked with Supply/Demand then that whole bunch of candles should be considered as one Supply or Demand Zone and we should wait for any further candles to close above or below that zone.
Exit Signal indicates that the strength is reducing and we should prepare for exit and we can trail our stop-loss above or below the previous swing high or low respectively for Short and Long trades.
The Supply/Demand signals are prominent with stocks.
Whereas for Currency Pairs
The 'Exit Sign's can be used for ENTRY with same Close Above/Below and Trailing SL logic.
These signal scan be used in any time-frame.
Versionsinformation:
Supply/Demand sign indicate that there is either supply or demand created in that particular candle.
To trade this sign we have to wait until any further candle to close either above or below high or low of the candle marked with Supply/Demand.
Closing above will be a BUY trade with SL below LOW of candle marked with Supply/Demand.
Closing below will be a SELL trade with SL above HIGH of candle marked with Supply/Demand.
If there are more than one continuous candles marked with Supply/Demand then that whole bunch of candles should be considered as one Supply or Demand Zone and we should wait for any further candles to close above or below that zone.
Exit Signal indicates that the strength is reducing and we should prepare for exit and we can trail our stop-loss above or below the previous swing high or low respectively for Short and Long trades.
The Supply/Demand signals are prominent with stocks.
Whereas for Currency Pairs
The 'Exit Sign's can be used for ENTRY with same Close Above/Below and Trailing SL logic.
These signal scan be used in any time-frame.
To trade this sign we have to wait until any further candle to close either above or below high or low of the candle marked with Supply/Demand.
Closing above will be a BUY trade with SL below LOW of candle marked with Supply/Demand.
Closing below will be a SELL trade with SL above HIGH of candle marked with Supply/Demand.
If there are more than one continuous candles marked with Supply/Demand then that whole bunch of candles should be considered as one Supply or Demand Zone and we should wait for any further candles to close above or below that zone.
Exit Signal indicates that the strength is reducing and we should prepare for exit and we can trail our stop-loss above or below the previous swing high or low respectively for Short and Long trades.
The Supply/Demand signals are prominent with stocks.
Whereas for Currency Pairs
The 'Exit Sign's can be used for ENTRY with same Close Above/Below and Trailing SL logic.
These signal scan be used in any time-frame.
Versionsinformation:
SORRY
LOT OF THINGS YET TO BE ADDED IN THE SCRIPT
DONT USE IT IN THIS FORM
LOT OF THINGS YET TO BE ADDED IN THE SCRIPT
DONT USE IT IN THIS FORM
Versionsinformation:
SORRY