Hot Copper Charting and Chat, page-187

First 187 Last

Share
Profile

Follow
Toastman

3,191 Posts.

146

10/11/18

14:19

Post #: 36457997
Share

Originally posted by Rooster100: ↑

Hi @wilfran1pmand @Toastman – yes very interested in hearing about any progress withdeveloping these types of indicators. Although I use Trading View, and codedsome indicators in Pinescript - (well more accurately I’ve copied other people’scode and then modified, combined and kludged it into my own!) the languageother platforms use appears close enough to be able to translate into Pine andfrom Pine into Metastock I assume, especially if the logic that goes with it isclear.

I’ve been learningabout No Demand and No Supply bars this week and thought I’d have a go atcoding alerts for these. I’m not experienced enough yet and these just don’tjump out from the chart at me like some things like shakeouts, springs andupthrusts for example. I’m thinking an alert for these would be useful as anearly warning signal for stocks I hold or on my watchlist, as from what I cansee they appear to show up regularly just before pullbacks, shakeouts and trendchanges.

Have done a lotof googling but I need some help with checking the definition and logic – here’swhat I have so far:
No Demand bar:
Volume lessthan the 2 previous bars.
Narrow spreadup bar, during up trend.Closing middleor lower.
Confirmation =down bar following the No Demand bar.

No Supply bar:
Volume lessthan the 2 previous bars.
Narrow spreaddown bar, during down trend.
Closing middleor higher.
Confirmation =up bar following the No Supply bar.

I’d reallyappreciate some help from one of you charting black belts on this thread with defininga “narrow spread” bar!? For example could it be something like “x% (10%/20%??)less than average spread for previous x number of bars (2/3/10??).And how manybars should I allow for confirmation? I’m picturing an alert for when a “potential”No Supply or No Demand bar shows up, and another alert if confirmed.

If I can getthis working, I’ll post a chart with results and the code for anyone interestedin using it.

Thanks,Rooster.

Expand

Hi Rooster,

I will try and post something later today - just got to get some other stuff sorted. If I get derailed, I'll try and post something tomorrow.

Cheers.

XTL Value at posting: 3,314.7
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

There are more pages in this discussion • 172 more messages in this thread...

First 187 Last

Add XTL (ASX) to my watchlist

(20min delay)
Last 4,672.7		Change 33.200(0.72%)		Mkt cap ! n/a

Open	High	Low
4,639.5	4,672.7	4,638.7

XTL (ASX) Chart

Hot Copper Charting and Chat, page-187

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Banshee's historic trenches prove rich in antimony and gold for GDM

Cyclone signs MOU with Vale for development of Iron Bear play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain